Call Me Stormy

Finding righteous currents in turbulent times

Does Stimulus Spending Work?

When the housing bubble burst, the Bush and Obama administrations turned to stimulus spending in an effort to create jobs. Now, the federal government has accumulated nearly $5 trillion in new debt, and the unemployment rate hasn’t improved whatsoever.

Antony Davies, an associate professor of economics at the Palumbo Donahue School of Business in Pittsburgh, Pa., isn’t surprised by that failure. In a new video for LearnLiberty, he examines the data and shows, that since 1955, there’s been no correlation between government spending and job growth.

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Lori Sanders from the American Enterprise Institute drills down into the numbers to show why President Obama’s job-creation promises have failed to materialize.

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