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Calling It ‘Stimulus’ Doesn’t Make It So

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Posted on March 8 2010 10:30 pm
Liz Blaine is a financial analyst, author and freelance writer on finance, economics and politics. Follow her on Twitter and her blog Liz Blaine.
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By: Thomas Sowell

Abraham Lincoln once asked an audience how many legs a dog has, if you called the tail a leg? When the audience said “five,” Lincoln corrected them, saying that the answer was four. “The fact that you call a tail a leg does not make it a leg.”

That same principle applies today. The fact that politicians call something a “stimulus” does not make it a stimulus. The fact that they call something a “jobs bill” does not mean there will be more jobs.

What have been the actual consequences of all the hundreds of billions of dollars that the government has spent?

Read the full article at IBD Editorials

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