The issue here is that a lot of people, Fred Wilson being among them, refuse to acknowledge that their view of the world is untenable even when the evidence cle

The issue here is that a lot of people, Fred Wilson being among them, refuse to acknowledge that their view of the world is untenable even when the evidence clearly points to it. In this very post he lays out every reason why this stimulus package will fail, says his own friends are planning to take as much advantage as they can, but then remains committed to it. It’s dogma over reason. That’s how these plans continue to get implemented even with no record of success. Because "have the Government give people money" is such an appealing idea that they simply can’t bring themselves to acknowledge how ineffective it is. The true irony is that the part he hates, the tax cuts, are probably the only piece of this money that will actually get to the people this plan is designed to help (though I agree even that will be ineffective because any tax cut to the lower tax brackets is just going to get stuffed in a bank and saved for an emergency in this economic climate)