Where The Money Went - Obama Stimulus

the total budget impact was $357 billion. Of that, we had:

Tax cuts and refundable tax credits: $151 billion
Aid to individuals (mainly unemployment insurance and food stamps): $70 billion
Aid to state and local governments: $103 billion
Everything else: $33 billion

Note that the aid to individuals was basically safety net, and the aid to state and local was about mitigating spending cuts rather than spending expansion. Basically, this was at best an attempt to beef up automatic stabilizers.

So much for “we tried Keynesian policies and they didn’t work.”