The word, “Stimulus,” has evolved in its usage by politicians. The old meaning had been perfectly useful in economics and economic parlance. But it has now become a cover for politicians who conveniently use the term to describe or hide other motives they may have.
What the bulk of the population in the U. S.thinks of when Washington attempts to stimulate the economy is spending that will get business wheels moving again, employers hiring and consumers buying. As quickly as possible. Not next year or the year after.
I have always maintained: Poor psychology is what makes deep economic recessions linger on. A true stimulus must promptly change that poor psychology.
But when only a small amount of stimulus money is actually designed to be spent quickly, another motive is apparent. When the vast bulk of stimulus money is designed to be a slush fund to bail out or expand federal and state government jobs, the goal is primarily different.
Enormous amounts are being spent for the future socialization of a large percentage of the economy, and not for actual economic stimulus today.
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