A 40-Year Wish List – WSJ.com

The Wall Street Journal considers the US stimulus bill:

[B]y our estimate only $90 billion out of $825 billion, or about 12 cents of every $1, is for something that can plausibly be considered a growth stimulus. And even many of these projects aren’t likely to help the economy immediately. As Peter Orszag, the President’s new budget director, told Congress a year ago, “even those [public works] that are ‘on the shelf’ generally cannot be undertaken quickly enough to provide timely stimulus to the economy.”

via A 40-Year Wish List – WSJ.com.

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