Wednesday, May 25, 2011
Quote of the Day
"Unemployment remains near double-digits. Obama economic advisers Christina Romer and Jared Bernstein infamously vowed the stimulus would stay below 8 percent. Highway jobs have not materialized. Investor's Business Daily notes that a new study by economists Timothy Conley of the University of Western Ontario and Bill Dupor of Ohio State 'found that despite the influx of all that federal money, highway construction jobs actually plunged by nearly 70,000 between 2008 and 2010.' Indeed, the researchers found that the stimulus actually 'destroyed or forestalled' a whopping one million private sector jobs by crowding them out with make-work public jobs and programs. Recovery.gov? More like Wreckovery.gov." --columnist Michelle Malkin
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