What does it take to summarize everything SWNID has been arguing about economics since the ascent of BHO to executive power?
It takes a paper by a Harvard University economist.
Jeffrey Miron, in fully documented PDF format, argues with plain speech, common sense and empirical data that the best stimulus is entirely different from what BHO enacted. The Obama stimulus functions poorly because it empowers politicians to make economic decisions, inevitably for political rather than economic reasons, and acts far too slowly to address the lack of demand during a recession. Further, Obama's so-called green-energy initiatives are impotent because they again operate on a political rather than an economic basis and because they simply re-employ employed workers in government-funded employment. Then there's the way that stimulus spending tends to become permanent, tends to reward cronies, and all that.
What does Miron suggest as superior? Well, get ready for it.
He wants corporate taxes not just reduced but eliminated. Corporate taxes retard investment and employment, thereby retarding productivity.
He wants entitlement taxes disconnected from entitlement spending. That is, no more payroll taxes, which retard employment and perpetuate that myth that we've paid for the benefits of these programs through our lifetimes.
He wants "green" programs replaced with energy taxes, offset with lower taxes in other areas to offset their drag on the overall economy.
Note well that the Obamanoids can't ever do this stuff. They live by the myth that corporations are evil, that government is the Great Patron and Protector of the Working Person. They do favors in exchange for votes from people who don't realize that the favors are no favor.
Rs aren't going to do enough of this stuff, either. But that hardly excuses a vote for the status quo, or a wasted vote for a third-party that supposedly is pure, or refusal to vote because it make no difference at all.