Here’s a terrific new mini-documentary from my old friend Dan Mitchell. Definitely worth watching.
According to Dan:
Labor Department numbers show that the Obama administration’s $787 billion stimulus was a flop. Instead of holding the unemployment rate at 8 percent or below, the jobless rate soared to 10 percent. Now there is discussion of a second so-called stimulus, which politicians are calling a jobs bill. But making government bigger, this CF&P Foundation video explains, is a recipe for long-run stagnation and lower living standards, regardless of what the policy is named.