We've been had: Stimulus didn't save us from depression, it made things worse

In today's Detroit News, Nolan Finley tells us we've been lied to. Not only did the Democrats' $862 billion stimulus (correct figure) not prevent another Great Depression, it made things worse.

Wait a minute -- economists are now saying the Great Recession ended in June of 2009, when the economy began growing again.

But President Barack Obama is defending the $787 billion stimulus package, which failed to deliver the promised reduction in unemployment, by claiming it kept the economy from falling into a depression.

And yet, according to some economists, the recession was over before the stimulus dollars were spent.

We've been had, folks. Nearly $800 billion of our money was spent to end a recession that was already over. The massive spending didn't put Americans back to work. So all we end up with is a hugely expanded government and a gigantic debt that will be repaid with higher taxes on either ourselves or our grandchildren.

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