This Reminds Me of Kindergarten
The Kansas City Star reports on Barack Obama’s first 100 days in office, and the effect on Kansas and Missouri. Didn’t everybody do something like this in kindergarten? Once you’d been in kindergarten for 100 days, you had to bring in 100 pennies or marbles, or whatever, and learn about triple digits.
The Star explains that most of the money that will be coming our way isn’t being spent yet. This illustrates one of the drawbacks of the fiscal stimulus — Washington doesn’t act with the exact timing necessary to step in and avert recessions.