A happy update to my post of Oct 28, 2010, "Ice Cream Tells the Story of How the Stimulus Worked":
Santa Cruz, CA ice cream shop owners Kendra Baker and Zach Davis have been invited to the State of the Union address as guests of First Lady Michelle Obama. From the White House press release:
Business partners Kendra Baker and Zachary Davis had a dream of opening an organic, homemade ice cream shop in Santa Cruz, California, but had trouble finding a lender that would help finance their dream. With the help of a Recovery Act SBA loan of $250,000, Kendra and Zack were able open the doors to The Penny Ice Creamery in August 2010. The SBA Recovery Act funding allowed them to not only open the shop, but also to employ eleven people, purchase American-made equipment, and to hire nearly twenty local businesses to design and renovate the space. Kendra and Zack were so thankful for the financing help, that they posted a video on YouTube thanking the Administration and Members of Congress for their Recovery Act SBA loan. As a result of the video, the Vice President called them in November 2010 to thank them for the video and wish them good luck.
Baker and Davis' video was a testament to the power of story-telling. Democratic politicos had spent months responding with mere facts to anti-stimulus fictions such as "no jobs were created". The fact was the more than a million jobs were created, but facts alone don't move people.
With an iPhone as their video camera and a production budget of zero dollars, Baker and Davis did move people with their simple, powerful -- and true -- story. It showed how the stimulus had changed lives for the better in their town and prepared the way for self-sustaining growth.
Keynesian economics was never so heart-warming.
Follow Spencer Critchley on Twitter: www.twitter.com/scritchley