In September 2009, Paul Krugman wrote, "And the purpose of stimulus is, first and foremost, to mitigate unemployment." So with Krugman's statement providing background, let's see what is currently going on (or not going on) with the stimulus. Did you know that the American Recovery and Reinvestment Act (ARRA) of 2009 (better known as the stimulus) has in it a requirement for quarterly impact reporting? Section 1513 (see page 174) of the ARRA requires: In consultation with the Director of the Office of Management and Budget [OMB] and the Secretary of the Treasury, the Chairperson of the Council of Economic Advisers [CEA] shall submit quarterly reports to the Committees on Appropriations of the Senate and House of Representatives that detail the impact of programs funded through covered funds on employment, estimated economic growth, and other key economic indicators." For some reason the President Barack Hussein "kill list" Obama administration stopped issuing the required reports to...(Read Full Post)