I can see Krugman gasping now.....

dispatches from TJICistan:

"As I understand it, there are are several objections to stimulus spending (all of which I agree with):

* the majority of it it will not come online in the next year or two
* Keynesianism is incorrect: stimulus spending accomplishes nothing
* it is being directed to the politically connected
* …and therefore even if Keynesianism is correct, it will not go to the sectors with a “multiplier” above 1.0
* it is constitutionally / morally illegitimate for the government to do it"