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Did you every wonder why the stimulus produced so few jobs?
According to an article in the International Business Times, Los Angeles spent $2 million per job from its $111 million stimulus. According to the audit, the reasons were bureaucratic red tape, absence of competitive bidding for projects in private sectors, inappropriate tracking of stimulus money and a laxity in bringing out timely job reports. That is why government spending does not do much.
Our economy's biggest problem is 5,000 pages of new regulations on small businesses that produce jobs much more efficiently. We need health care and financial reform but they just created more government for the private sector to support and did not even address tort reform, Freddie Mac and Fannie Mae.
They label tea party people as radical. I think the real radicals are in Congress and the White House. A few conservative radicals might be just what they need for a little balance.
Mike McConnell
Gainesville