In a nutshell, $44B has been dispersed from the “Stimulus”. Consumers used that and a bit more to pay down debt. NOT ONE PENNEY of the “Stimulus” has stumulated new spending and hence new jobs.

But we’ve accumulated a lot more national debt. Coincidently, the increase in national debt almost precisely equals the reduction in personal debt.

So it’s a wash. Not one job could possibly have been create or even saved.

http://townhall.com/columnists.....bamanomics

“Barack Obama has fatally undermined our currency, our solvency, our financial stability and — ultimately — our economy, all to spend money that has had no economic effect!

Is Obama a failure? Not by his lights. His goal was never to stimulate the economy. His goal was to expand government spending, and he used the recession as an excuse to do so. And, by this standard, he is a raging success. With the stimulus spending, the government proportion of gross domestic product will rise from about 35 percent to about 40 percent, and with health care “reform” it will go soaring into the mid-40s, bringing us to parity with Germany en route to France! “

And I understand there is plenty of parking for your donkeys too.