Another Stimulus ; Democrats Learned No Lessons From Their Last Spending Orgy

Summary

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President Obama and the Democratic Congress forced through a $787 billion stimulus package to create jobs and try to give a jump start to the economy. Instead, the nation's unemployment rate hit 10.2 percent and continues to rise. Despite the clear failure of the government's massive deficit spending, House Democrats are planning a second so-called stimulus that promises to do even more economic harm.

Speaker Nancy Pelosi plans to move a package by Christmas that will extend expiring unemployment benefits and approve more highway and infrastructure spending as a gambit to create jobs. It won't work. This merely robs money from the private sector to pay for the make-work whims of lawmakers and bureaucrats, which undercuts job retention and creation by private firms that in general are more efficient than government.

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Another Stimulus ; Democrats Learned No Lessons From Their Last Spending Orgy

In October alone, the number of unemployed Americans increased by 558,000 to 15.7 million...

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