Anyone who still thinks the Obama stimulus was a good idea and helped the U.S. economy up off its back would do well to take a look at a new report--titled "Summertime Blues"--documenting just how wasteful and mismanaged it is.
Prepared by Sens. Tom Coburn of Oklahoma and John McCain of Arizona, the report highlights 100 projects funded through the economic stimulus package that run counter to its stated purpose as investments “in long-term priorities to create and sustain economic growth.”
“When Congress passed the $862 billion American Recovery and Reinvestment Act in 2009, otherwise known as the stimulus bill, it passed with assurances that it would stem the loss of American jobs and keep the economy from floundering,” the report says. “Eighteen months since the law’s passage, millions of jobs are still gone and the economy is as uncertain as ever. The only thing getting a boost is our national debt--the stimulus has helped push it 23 percent higher, to $13.2 trillion, a new record.”
Among the projects highlighted in the report are:
Despite this, Congress is gearing up for stimulus, round two. Will they never learn?