Time Magazine: Americans Are Dumb About Stimulus

Larry Elder

Americans, says Time magazine, are too dumb to appreciate the wonders of President Barack Obama's $787 billion "stimulus" package. Gobsmacked by polls that show Americans don't believe government is smart enough to take money from taxpayers and give it to those it considers deserving, Time says: Voters tell "pollsters that even programs that have clearly helped (emphasis added) the economy, like the $787 billion stimulus, did no such thing."

"Clearly helped the economy"?
High-school science teachers say extraordinary claims require extraordinary proof. Where's the proof? With the economy, we cannot conduct a "controlled experiment." For this, we would need two Americas -- one where Obama signed the stimulus and one where he didn't. If the stimulus economy produced more jobs than the non-stimulus one, then the stimulus "clearly worked." Obama, through ObamaCare, increased taxes. With new regulations, he has increased the costs of doing business. And he has gone on an unprecedented spending binge, which has dramatically increased the annual deficit and the national debt. Read more here:

Time Magazine: Americans Are Dumb About Stimulus