The Obama Administration’s Stimulus Bait and Switch

The Obama “stimulus,” evolved in its usage. The old meaning had been perfectly useful in Keynesian economic parlance. But it has now became a cover for politicians who conveniently use the term to 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 that spending will get business moving, employers hiring and consumers buying as quickly as possible. Now, and not years in the future.

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 expand federal and state government jobs, the goal is primarily different.