Wealth is not created by "priming the economic pump" in which unearned money is handed to companies based upon the will of a few people. Wealth is created in the minds of great individuals who have the courage to take risks and act on vision.
It would appear at first glance that taking money from those who have earned it and handing it to businesses to do tasks which otherwise no other person or organization would otherwise fund, could stimulate the economy. Setting aside the fact that a large majority of the work being created through the present day stimulus will not actually happen for well over a year from the day it is mandated, the fact is that wealth comes not from just creating jobs, but sustainable revenue over an extended period of time. This is what is meant by making money.
Sustainable revenue means sustainable demand; so to make money is truly that - the creation of wealth through producing products people desire. Throwing money at individual projects is not making money, it is simply spending money.
Take for example Microsoft. Using the stimulus logic of both the Obama and Bush administrations, asking Bill Gates to produce a million calculators that which people may or may not find value would move a stagnant economy into prosperity. Yet, look at history. If all Bill Gates did was design and produce calculators, at best it would provide relatively few jobs for a short time. True wealth, and the resulting increase in new jobs, would not be created.
At worst, the result would have been not just relatively few jobs; but the production of products that would flood the market, drive down profits, and be a net loss of income overall within the economy.
Yet, as history has shown us, when new products are introduced into the market that fill or create a demand, sustainable revenue and therefore jobs, are created. This is true stimulus and wealth creation, not just simple spending.
Looking again at the Microsoft example, when Bill Gates had a vision of putting a personal computer in every home, he mapped a path as to how this could be accomplished. What was the result? An information technology career path for millions of people that still exists today, and which has never existed in history. This is genuine stimulus, not spending for the sake of spending.
So this begs the question, if throwing money at companies to produce things that no single person or other private entity would fund, then what is the answer? The answer is to allow people to reap as much of the benefits of their innovation and willingness to take on risk as much as possible. The higher the reward for innovation, the more innovation will thrive and the more willing people will be to take risks. And the more innovation and risk taking, the higher likelihood a product or service will be brought to market that will be in demand, creating new wealth, new jobs, and genuine stimulus.