Video: Stimulus II Worse than a Horror Film

In the video below Dan Mitchell of the Cato Institute explains how the Porkulus bill failed to do what it was intended to do, and why a second stimulus is a rotten idea. He makes the point that economies naturally come out of recession, and the Democrats are hoping a second stimulus will be perceived as bringing the economy out of the current recession. But all of this spending is a “recipe for long term stagnation and lower living standards.” He says it’s like putting perfume on a hog. If I was a hog I’d be insulted.