Shell-shocked Short-shrift Stimulus

According to a Nobel Prize-winning economist:

There was a lot of talk about health care being Obama’s Waterloo. It won’t, I think and hope. But stimulus is starting to look like Obama’s Anzio — the battle in which the American commander got himself into terrible trouble by being too cautious.

And right now Obama is pinned down in his too-small beachhead, taking heavy casualties.

UPDATE: It's slow-moving stimulus, too:

Stimulus money for transportation projects is being spent far more slowly than expected.

When the economic stimulus act passed in February, the nonpartisan Congressional Budget Office estimated that the U.S. Department of Transportation would spend about $5 billion by the end of the fiscal year, which was Wednesday.

But Transportation Secretary Ray LaHood said Thursday that only $3.4 billion has been spent so far – about a third less than forecast.