The system worked!
May 25, 2010 American Politics No CommentsBy Arran Gold
Private wages from companies shrank to their smallest share of personal income in US history during the first quarter of 2010 and correspondingly, government provided benefits rose to the highest amount as Obama continues to expand the role of the government. This would be seem to be a failure of policy but some liberal economist seem to have other ideas.
The shift in income shows that the federal government’s stimulus efforts have been effective, says Paul Van de Water, an economist at the liberal Center on Budget and Policy Priorities.
“It’s the system working as it should,” Van de Water says. Government is stimulating growth and helping people in need, he says. As the economy recovers, private wages will rebound, he says.
The role of the stimulus was and is to expand the economic growth. So far there is no evidence that government has succeeded in stimulating growth and to claim that the “stimulus efforts have been effective” is absurd, because the proof of their effectiveness would be in the GDP growth and employment statistics. Well, Napolitano thought the system worked too in the aftermath of NWA Flight 253 failed bombing.

