Economics

How The Stimulus is Turning Businesses Into Welfare Cases

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The Washington Times' Amanda Carpenter talks to Eric Gillespie (no relation to your truly) of Onvia, the private company that is kicking the feds' ass when it comes to tracking stimulus spending. Here's a chilling insight about the way in government money is corrupting market incentives:

"We've seen businesses go from viewing the government as the last client standing, and now we are hearing government spending is a key part of their business strategies. There is almost a philosophical shift in the industry where more and more businesses, large, medium and small as a result of the stimulus and their realizing there is a large, untapped revenue stream where they haven't been focused before."

More here.

Reason.tv interviewed Onvia's CEO, Mike Pickett, about why his company's Recovery.org was giving more info on the stimulus than the government's own Recovery.gov:

Go here for downloadable versions, etc.