http://seekingalpha.com/article/159355-the-non-stimulating-stimulus-bill?source=from_friend

A VERY good financial analysis showing precisely why there is almost no actual stimulus coming from the “stimulus” bill, not now or ever. It was a sham that consisted of 88% transfer payments, which by definition are never “stimulating” to an economy.

For our nearly $1 trillion spent on this bill, the country is only going to get about $12 billion in actual stimulus spending in 2009. Yes, that is just over 1% of the total cost that is actually going to help economic activity.

“From my supply-side perspective, 88% of the stimulus bill (transfers and tax breaks) will amount to taking money from one person and giving it to another, while only 12% (spending on goods and services) will involve new government spending that absorbs (inefficiently) resources from the private sector.”

“As Mike noted in a paper last March, of the $88 billion in federal purchases of goods and services, “only about $12 billion will be spent in the current fiscal year, with only an additional $26 billion slated to be spent in 2010.” So we’re really talking small potatoes here.”

THE CULT OF ICONOGRAPHY
http://pajamasmedia.com/ejectejecteject/

excerpt:

…..Exact same content. Different packaging. I believe the conservative message is, on balance, the most nutritious philosophical meal ever devised. But the packaging of that message has been an unmitigated disaster.