From WSJopinion: Don’t fall for Cracker Jack economics. A prize inside every package won’t spur recovery from the coronavirus shock, writes andykessler
What is it with Cracker Jack politicians who want a prize in every package?
Last week when Joe Biden and Bernie Sanders clashed over stimulus in a primary debate, Mr. Biden celebrated the 2009 Recovery Act, saying it “had $900 billion in it and was the thing that kept us from going into a Great Depression.” If you believe that, I’ve got a bridge to nowhere to sell you. The Obama administration touted “shovel ready” projects—they were shoveling something, all right. Then again, remember President George W. Bush’s 2008 $152...
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