Here’s What the “Stimulus Plan” Stimulated

by Brian Maher
Daily Reckoning

What did the “stimulus plan” stimulate?

This is the pressing question of economist Alan Reynolds.

The stimulus has not stimulated the economy… as demonstrated by second-quarter GDP.

The answer is obvious, says Mr. Reynolds, answering his own question. The stimulus stimulated government:

The answer is obvious. Federal nondefense spending rose at a 39.7% annual rate. Big government spending can and does grow big government.

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