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Study: Stimulus Money Had Little to Do With Economic Need

Yes, our liar Socialist Liar in Chief stole hard earned taxpayer dollars to spread more frosting on the public union employees retirement and pension funds as payoff for votes, and other stupid ideas like peniswashing classes in his home country.
Judgment of President Obama's stimulus bill has and always will rest on the criteria that it was "timely, temporary and targeted." Satisfying all three of these criteria has long been questionable for such a massive piece of legislation, but new research questions the "targeted" part in particular.

James Orr and John Sporn of the Federal Reserve Bank of New York have just come out with a study casting doubt on the idea that stimulus money went where it was needed. Unemployment insurance went to states with high unemployment, but that was just about the only part of the...