I’ve talked about the efficiency of our government before, but I’m starting to see it play out in real time. Right before my very eyes.

The American Recovery and Reinvestment Act (ARRA), also referred to as the stimulus bill, is showing up all across the Nation. And if you pay attention, you’ll realize how lousy a deal it really is.

On a trip to the in-laws this weekend, we ended up taking a detour through the backroads of a sleepy little town due to the removal and replacement of the towns one and only intersection. Sponsored of course by the ARRA.

Six weeks ago we made the same trip and took the same detour. At that time they working on the project for two weeks.

It’s clear to me that this is a government sponsored job simply because it’s taking so long. Any project funded through local means would have been done weeks ago.

This is but one clear example of how inefficient our government is with money. Little projects like this have popped up all over and they’re costing us millions a piece when they should be measured in hundreds of thousands.

Finance ARRA, government, spending, stimulus

You just need to know where to look.

John B. Taylor is a professor of economics at Stanford University, and debunks the notion that deregulation spurred on today’s financial crisis.

Economics, Finance bailout, deregulation, John B. Taylor, stimulus, video