Stimulus to date? A bailout for states

The Nashua Telegraph editorializes that so far, the federal stimulus bill seems mostly to be stimulating state governments.

The American Recovery and Reinvestment Act is only 6 months old, so it's too soon to write the final evaluation on a program designed to pump nearly a trillion dollars into the U.S. economy over two years.

But it's becoming fairly obvious that the program is not going to create the number of brand-new, full-time, benefit-paying jobs predicted by the Obama administration, which set the total for New Hampshire at 16,000.