Author Topic: Very proud of the Economic Recovery Act of 2009  (Read 171 times)

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Offline Gary G

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Very proud of the Economic Recovery Act of 2009
« on: August 23, 2012, 01:41:34 PM »
Secretary of Transportation Ray LaHood told The Daily Caller that he is “very proud” of the Recovery Act of 2009 that put 65,000 people to work with $48 billion in federal funds for the Department of Transportation, amounting to $738,461 per job.
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[We must remember what Frederic Bastiat told the french government in 1849: always ask where does the money come from and what did not get built because that money was confiscated and how many jobs were lost because of it being taken away.] my
emphasis
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LaHood, a former Republican congressman, told TheDC that he wants to see the federal funds put toward projects on the state level where people can go to work right away:
http://dailycaller.com/2012/08/20/lahood-im-very-proud-of-dot-stimulus-spending-at-738000-per-job-video/


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How can an economy recover when so much private capital is destroyed or wasted? Answer, it can't.

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