The point you're making has been debated ad nauseum in the past so I won't attempt to refute it.
What I took from the article was that while the stimulus/recovery act was largely sold, and perceived rightfully or wrongfully, as a jobs bill, that likely won't be its legacy.
I think it is intellectually dishonest to compare the economy of Greece to that of the United States. In fact the article states that the stimulus funds aren't being directed like earmarks past, but acting in the same vein as venture capitalists. In the United States 80% of new jobs are created by way of small businesses. Yet that says nothing about how new industries are born (e.g. the DARPA funding that spawned the current internet economy).
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The point you're making has been debated ad nauseum in the past so I won't attempt to refute it.
What I took from the article was that while the stimulus/recovery act was largely sold, and perceived rightfully or wrongfully, as a jobs bill, that likely won't be its legacy.
I think it is intellectually dishonest to compare the economy of Greece to that of the United States. In fact the article states that the stimulus funds aren't being directed like earmarks past, but acting in the same vein as venture capitalists. In the United States 80% of new jobs are created by way of small businesses. Yet that says nothing about how new industries are born (e.g. the DARPA funding that spawned the current internet economy).