President Obama’s 2009 stimulus package was the sort of centrally planned project that the progressive left loves: a grab bag of brainy new policies, from green investments to targeted tax credits. Pass the stimulus, the administration’s top economists said, and unemployment would fall to 7.25% by the end of 2010; reject it and that number could be 8.8%. Paul Krugman briefly doffed his robes and descended from the halls of Olympus to laud the administration for providing “comprehensible, honest reports.” They were utterly and completely wrong. The president signed the American Recovery and ... Read More