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Sense and Nonsense About Stimulus
Capital Gains and Games — ... Another six months have elapsed, with even more bad news on the economy and no movement on the infrastructure front.  And lo and behold, we have rediscovered that infrastructure projects take time.  From the WSJ: ...

CBO Has Doubts About the Stimulus
Club for Growth — From the Wall Street Journal: “The nonpartisan Congressional Budget Office projected less than half of the $355 billion that House Democrats want to spend on highways, bridges and other job-creating investments is likely to be used before the end of fiscal 2010. The CBO said the balance would likely be spent over the next several years, after the recession is projected to end.” And yet, Congress and President Obama will proceed with it anyways.

When Stimulus Is Not Very Stimulating
EconomistMom.com — ... I’m a bit concerned that despite the new President’s assurances, we could be headed for a not-so-smart economic “recovery” package.  From today’s Wall Street Journal (story by Greg Hitt and Naftali Bendavid), emphasis added: ...

Tough GOPers Stand Up to Geithner; All GOPers Should Counter Keynesian Stimulus
Kudlow's Money Politic$ — ... Meanwhile, a new CBO report has pulled the rug out from under the Obama stimulus package. Of $355 billion in infrastructure and other cash outlays, only $136 billion would be spent by October 2010. And out of the roughly $100 billion in infrastructure spending, only $26 billion would be spent in fiscal 2009. So much for a quick and immediate jolt to the economy. Oh, by the way, even if the entire stimulus package were put into play, various people have calculated that the estimated 3.5 million new jobs would cost $225,000 per job. ...