The Hill reports that some Democrats want to waste even more money on “stimulus” wealth redistribution. (H/T Marathon Pundit)

Excerpt:

Senior Senate Democrats are growing frustrated by what they see as President Obama’s passivity on the economy, and are beginning to discuss a large infrastructure package funded by tax increases.

Some Democrats, such as Iowa Sen. Tom Harkin, who serves as chairman of the Health, Education, Labor and Pensions Committee, think such a package could lower the unemployment rate by as much as two percentage points.

[…]“I am concerned about the Obama administration’s approach on this,” Harkin said. “It always has been about jobs. I think the administration kind of got snookered talking about the deficit and the debt after the last election.

“The last election was about jobs and the economy, and now we’re in a position where we really do need some economic pump-priming by the federal government,” he said.

Sen. Jay Rockefeller (D-W.Va.), chairman of the Senate Commerce Committee, endorsed Harkin’s argument for more infrastructure spending, and said it is gaining support in the broader caucus.

“There’s very broad support,” Rockefeller said. “There’s no other way to get at this problem.”

Rockefeller said a spending package was discussed at several meetings Wednesday and that there’s a recognition Democrats need to be tougher in negotiations with Republicans.

“We have to be much more aggressive about all this, because as soon as they say ‘We’re not going to do that,’ as they’ve been saying for so long about so many things, you just kind of say ‘oh.’ We’ve got to stop saying ‘oh,’ ” he said, referring to the hard line Republicans have taken for Medicare cuts and against tax increases.

Even centrists like Senate Budget Committee Chairman Kent Conrad (D-N.D.) say a major infrastructure package funded by tax revenue-generating measures is what’s needed to strengthen the economy.

Here’s how well the stimulus spending has been working so far to create jobs:

And more:

It’s not working! And they want more of this.

From Powerline Blog.

Excerpt:

I have been puzzled by the extent of the media coverage of some crank’s prediction that the world would come to an end today. People are always predicting the end of the world. So far they have always been wrong. Was there something about this particular prediction that was newsworthy? Did any significant number of people expect to wake up this morning and see graves opening and people ascending into Heaven? This morning, there were news stories to the effect that the world still exists. Really! Did reporters expect their readers to be surprised? Why, in short, was this silliness a major media event?

I wish reporters would pay as much attention to a more important failed prediction: the Obama administration’s assurance that its policies, including the “stimulus,” would foster job creation and prevent unemployment from reaching 8 percent.

And here are some charts from John’s post.

Community organizer Obama predicted that his $800 billion dollar stimulus program would keep unemployment below 8%:

Ooops! Never send a community organizer to do an economist’s job.

How about all that spending? Surely ALL the spending must have created more jobs?

Hans Bader of the Competitive Enterprise Institute links to a new study by two economics professors that shows that 550,000 jobs were LOST because of the stimulus bill.

This should be the end of the belief that government spending creates jobs, but it won’t be, because the university is not committed to teaching what gets results, but what produces feelings of superiority. The secular elites feel that they should be allowed to redistribute the wealth created by businesses and workers. This feeling of entitlement to control and distribute is best put into practice with large-scale taxation, spending and redistribution of wealth. The professors think that their good feelings (subjective) will somehow, mysteriously, cause good effects in the real world (objective). The chart proves their mysticism wrong, but the university is insulated from feedback from the real world.

That is why we need to elect business owners like Michele Bachmann or Herman Cain.