Hey Jeff and all, Calculated Risk has laid down a challenge. Come up with the worst idea for a government sponsored economic stimulus package. I'm sure RLR readers have some great ideas for terrible programs-- the possibilities for stupid plans that yield absolutely no economic growth are infinite. To help you get started, consider what makes a good stimulus package? It should lower costs of capital to people that are going to spend it on new goods and services, and not save it, or pay down existing debts.
You are going to have to be really creative to outdo the 229 ideas (and counting) posted at Calculated Risk. Here's one that shows real promise. Money cannons. Place a money cannon at the tallest point of each municipality in the US. Load in $100s and $20s. Fire and watch what happens.
Hat tip and thanks to my friend at Underbelly. We agree that the money cannon idea is the one to beat. Sadly, this idea may not be as bad as the one our government just delivered.