Denver Post not impressed by big-government stimulus

Color the Denver Post editorial board un-enthusiastic about the idea of a second stimulus package. Among the arguments they bring up in today's editorial is the ineffectual nature of the first package:

[B]eyond propping up revenue-starved state governments, which we realize likely has saved some jobs in Colorado, we have yet to see substantive proof that all of that money has created a meaningful number of new jobs.

One interesting and neglected aspect of the stimulus is the number of private sector versus government jobs it has supposedly “created or saved.” An exhaustive investigation of this in any given state takes some time, but one of the early stimulus reports from New Hampshire found that  only 207 of the 3,007 jobs reported as stimulus-linked were private sector jobs. The other 2,800 were government jobs.

Beltway ConfidentialUS

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