WaPo Low Balls Stimulus Costs
Reporting on the Obama administration’s failure to convince voters the stimulus worked, The Washington Post’s Michael Shear reported on July 14th:
On that Friday, Gibbs was upbeat, expressing confidence in Obama’s ability to make his case for what eventually became an $850 billion stimulus plan.
Shear’s $850 billion number is an improvement over the $787 billion number the Post used to use but it is still not correct.
President Obama’s stimulus may have only totaled $787 billion when Congressional critics first voted against it, but its costs have increased since then. According to revised … Continue Reading