"These repeated failures are not an accident."

Why Big Government Stimulus Fails:

This failure of government to spend its way to prosperity is not an isolated incident:

• During the 1930s, New Deal lawmakers doubled federal spending — and unemployment remained above 20 percent until World War II;
• Japan responded to a 1990 recession by passing 10 stimulus spending bills over 8 years (building the largest national debt in the industrialized world) – and their economy remained stagnant;
• In 2001, President Bush responded to a recession by trying to “inject” tax rebates into the economy. The economy did not respond until two years later, when tax rate reductions were implemented;
• In 2008, President Bush tried to head off the current recession with another round of tax rebates. The recession continued to worsen; and
• Now, the most recent $787 billion stimulus bill was intended to keep the unemployment rate from exceeding 8 percent. Instead, it now exceeds 10 percent.