With interest, the cost of the Obama administration’s failed “stimulus” program is now well over $1 trillion. The stimulus bill failed in its stated objectives, and no wonder: inefficient government spending destroys wealth, it doesn’t create wealth. Check out this excellent video by the Center for Freedom and Prosperity. As you listen to the examples of wasteful “stimulus” spending, ask yourself: how could such foolish projects possibly promote economic growth? Worse, when resources are wasted by the government, they are not available for effective use by the private sector:
Note, too, how much Obama administration spending has been not just wasteful, but corrupt. When any government sets out to run an economy, it inevitably does so for the benefit of its allies.