To begin with, the stimulus was $787 billion, not $800 billion. (Those of you who think there isn't much of a difference, please make out a check for the difference to Daniel M. Gross.) The more egregious error has to do with the timing. Many critics act as if the entire amount has already been spent. They're completely wrong. Even to argue that it's been half-spent, as the Post, does, is only half-right.
A blog formerly known as Bookishness / By Charles Matthews
"Dazzled by so many and such marvelous inventions, the people of Macondo ... became indignant over the living images that the prosperous merchant Bruno Crespi projected in the theater with the lion-head ticket windows, for a character who had died and was buried in one film and for whose misfortune tears had been shed would reappear alive and transformed into an Arab in the next one. The audience, who had paid two cents apiece to share the difficulties of the actors, would not tolerate that outlandish fraud and they broke up the seats. The mayor, at the urging of Bruno Crespi, explained in a proclamation that the cinema was a machine of illusions that did not merit the emotional outbursts of the audience. With that discouraging explanation many ... decided not to return to the movies, considering that they already had too many troubles of their own to weep over the acted-out misfortunes of imaginary beings."--Gabriel García Márquez, One Hundred Years of Solitude
Monday, October 12, 2009
Noise of the Day 10/12/09
Daniel Gross on the truth about the stimulus.
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