The worst six months in 50 years - How the World Works - Salon.com

The worst six months in 50 years - How the World Works - Salon.com: "Despite all the negative attention devoted to the big spending Obama government, government spending fell by a pretty sharp 3.9 percent in the first quarter of 2009. Bloomberg says that 'the drop reflected cutbacks in defense spending and the biggest decrease in state and local government outlays since 1981.' This means a) the stimulus spending isn't getting disbursed quickly enough, and b) the federal government's aggressive efforts to boost demand aren't keeping up with collapsing state economies"