Why Obama’s Stimulus Failed: A Case Study of Silver Spring Maryland

Russ Steele

Reason TV has some excellent insight into why the stimulus failed to produced the desired jobs. I estimate the Silver Spring experience was played out in many California communities as well. Watch the video and then let me know in the comments if you observed similar activities in other communities.

As you can see Obama’s 2009 stimulus program was a massively expensive bust.


About Russ Steele
Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.

4 Responses to Why Obama’s Stimulus Failed: A Case Study of Silver Spring Maryland

  1. Sean says:

    The truly sad thing is that the much hyped infrastructure spending was only a small part of the spending. Block grants to the states for Medicaid actually consumed several times the amount of money set aside infrastructure. And the medical industry didn’t have a slow down as it was.

  2. Barry Pruett says:

    Beautiful. Thank you Russ. very informative!

  3. Bob W says:

    This is a no brainer. The stimulus money has gone by the way of the money in Bernard Madoff Investment Securities and MF Global. These guys are pros at this and have been doing it for decades. It’s just that the greed and arrogance has reached a point where the amounts have surpassed the average person’s ability to comprehend. This has permeated our entire society from unions to enlightenments to banking and blatant congressional insider trading. It is so prevalent that devising methods of absconding with other people’s money has evolved to legal embezzlement of the entire economy.

    If the public ever happens to comprehend the scope of what has been and continues to evolve you will see real change. Again, don’t hold your breath!

  4. Bob W says:

    Make “enlightenments” “entitlements”.

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