The sad thing about the stimulus bills

Peter Boettke at the Austrian Economists blog makes a very important point about the the stimulus bills and the role of economic analysis in designing a response to the current problems:

On a morning talk show today, one of the commentators made the wisest remark when he said ultimately the stimulus bill will not be determined on the basis of economics, but instead on ordinary politics. And that ladies and gentlemen is the problem.

Exactly. Convenient, lowest denominator politics will always override good economics.