There is absolutely no long-term economic evidence that higher government spending creates jobs.
By Brian Wesbury
The American Spectator
So, this raises a serious question. Why is the government trying the same old spending stimulus that the evidence clearly shows does not work? President Carter spent billions of dollars on alternative energy plans, but unemployment rose anyway. If the U.S. and the new administration are serious about “change” and “getting rid of the old ways of doing things,” why not try something truly new?
Obama: Intangibles Got Him Presidency; He Already Threw Away Most
(93% Spending; 7% Jobs)