Look at What We Bought with $787 Billion!

Way back in the early days of the Obama administration -- you remember, six months ago -- we were told that the stimulus bill must pass quickly so that unemployment could be held to no more than 8 percent this year.

Now that "official" joblessness is at 9.4 percent, and rising, WITH the stimulus in place, it is instructive to remember the promises and predictions that led us to mortgage our grand-children's future, and how well they've turned out thus far.

Notice how the dots, representing reality, are going upward in a steep, linear motion. Now repeat after me: Government spending does not cure recessions, and does not create permanent or productive jobs.

Never has, never will.

As Billy Joel once asked, musically, "Is that all you get for your money?" No. We'll get a huge dose of inflation fairly soon.