UNLV Diverts Stimulus Funds to Butt-Out Civil Liberties

By Michael Sciullo, Dick Clark, and Ryan Slakman

In the nearly two years since Congress passed the American Recovery and Reinvestment Act (the stimulus bill) at the urging of President Obama, we have seen an abundance of criticism aimed not only at the bill itself but at the overall economic policies that this administration has set forth.  Even after numerous multi-billion dollar injections from the central planners in Washington, the country remains at an economic standstill with faces record deficits and double digit unemployment that has not been experienced since the Great Depression. What was marketed and sold to hardworking Americans as a promise to grow the economy has instead delivered only a more cumbersome government that has both the ability and the tendency to intrude into every facet of the private lives of each and every individual.

Ron Paul: Stimulus Spending Does Not Address the Root of the Problem

Ron Paul has a new article out at CNN:

A year after a nearly $800 billion stimulus package was passed, the U.S. economy still finds itself mired in mediocrity.

Economic growth is stagnant, unemployment remains higher than almost any time since the Great Depression and millions of Americans are upset that trillions of taxpayer dollars have been committed to numerous government bailout programs with no improvement of the economy within sight.

They question, rightfully, is where this money is going and why it hasn't been as helpful as the government has claimed.

Paul points to a couple main reasons: 1. Stimulus spending does not address the root of the problem; 2. These policies stave off the correction needed for the economy to recover, proloning a false boom; 3. Such government spending at best moves money around, and, more often, takes away from endeavors the market would actually support -- it creates no net growth; and 4. The "stimulus package enables the government, rather than the market, to pick winners and losers."

Sound sufficiently problematic?  Read more here.  Hat tip to LewRockwell.com.