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As for the form that Barack Obama's economic stimulus legislation should take, CBS' Fast Draw animated feature team of Josh Landis and Mitch Butler turned into unabashed Keynesian propagandists. They favored public works spending on infrastructure over cash infusions for consumers through rebate checks. Quoting Professor Peter Morici, an economist at the University of Maryland, the Fast Draw team stated that a $100 investment in infrastructure produced a $350 boost to Gross Domestic Product over ten years whereas a $100 distribution to consumers produced a $125 boost over two years.
Landis & Butler did not explain why they chose such an apples-to-oranges comparison. What would the multiplier effect be of the $125 over the remaining eight years of the decade? That would have produced a fair comparison with the $350. Even if Morici's recommendations happen to be sound, why stack the deck in his favor by truncating the timeline for the policy he opposes?
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