You sing happy birthday? The only nation “celebrates” the fifth anniversary of the signing of the so-called American Recovery and Reinvestment Act, more commonly known as the “stimulus.” This experiment in Keynesian economics was controversial when it was passed and today remains controversial. The Obama administration is telling us that the law was a great success, but I have a much harsher assessment of costs in excess of the president. Here are some of the things that I have written on the subject of The Federalist. The White House wants us to think that the law has been a success, the publication of a report that …
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