Why the Stimulus Failed

The Democratic Party was shaken to its core on Tuesday when Sen. Chris Dodd (D-CT), Sen. Byron Dorgan (D-ND) and Gov. Bill Ritter (D-CO) announced they would not run for re-election in 2010, all on the same day. The source of these Democrats’ fears in facing the American people at the polls is no secret: the American people believe the state of the economy is poor and getting worse. Responding to this dismal environment, Sen. Ben Nelson (D-NE) told the Fremont Tribune on Tuesday: “I think it was a mistake to take health care on as opposed to continuing to spend the time on the economy.” While we agree with Nelson that President Barack Obama’s health care priorities have been grossly misplaced, we shudder to think what more “time on the economy” would have meant from this White House.

Just last month in a speech to The Brookings Institution, President Obama outlined... http://blog.heritage.org/2010/01/07/morning-bell-why-the-stimulus-failed...