Re:Bad economics (Score 1)

Jobs would only be reallocated if someone were actually going to pay them. Currently, nobody wants to pay for new employees (check the current unemployment trends). Therefore government intervention is the only way to take the otherwise idle hands and put them to work.

Paul Krugman wrote on this topic a bit ago:
http://krugman.blogs.nytimes.com/2008/12/22/bad-anti-stimulus-arguments/