Stimulus not stimulating some key sectors, but will it matter?
Allahpundit’s Hot Air post Surprise: Stimulus not stimulating construction industry, infrastructure repair reflects my own sentiments about the recovery, Presidential approval ratings, the risks of conservative over-confidence, and Republican party strategy:
.. if it’s true that the recession is finally ending and the economy starts expanding (however sluggishly) next year, will voters really care about stimulus waste during the midterms? The relief that the tide is turning will be so great, I think, that they’ll be willing to forgive The One virtually any Keynesian mistake. There’s a lesson in that for the GOP, too: Since the economy and unemployment are bound to turn around sooner or later, it pays to start shifting their message now from “where are the jobs?” to “how much of our money have you blown?”
The situation will be different in 12 months, and the rate of unemployment may not be quite the political weapon it appears to be now. However, the quality of those jobs, average wages (especially take home after-tax pay), and the week-in, week-out burden the deficit places on the average family may be more effective.