Before the passage of the stimulus bill back in 2009, the WSJ described it as "a political wonder that manages to spend money on just about every pent-up Democratic proposal of the last 40 years."
Economist and journalist James Pethokoukis confirms this and many other conservative criticisms of the Obamanomics. Actually, he presents 11 stunning revelations from Larry Summers’s secret economics memo to Barack Obama in which Summers confirms those criticisms.
There's so much good stuff in Pethokoukis's post that it's hard to excerpt, and it's not that long so read the whole thing.
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