By Jeff Clark in Growth Stock Wire:

They're supposed to provide a boost to the economy, but the government's stimulus programs are having the opposite effect.

The Fed's own statement, released yesterday, said, "Household spending appears to be expanding but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit."

In other words, despite losing your job or having your salary reduced, and despite your housing nest egg falling in value, and despite your inability to get a loan, you've somehow managed to increase your spending.

Good job. You've done your part to improve the nation's economy. But it begs the question..."How the heck did you
do it?"

Read full article...

More government stupidity:

Ron Paul: "Audit the Fed" bill has been "gutted"

Stansberry: Detroit's socialist nightmare is America's future

Must read: Former Treasury Secretary says the U.S. is a failed state