This economic stimulus plan that the “Sitter in the Office of the President Elect” is talking about requires the immediate approval of up to a trillion dollars of taxpayer’s money to stimulate the economy. He says there’s no time to waste. He wants the money right now. The country, we’re assured, depends upon it. The thinking, if in fact any thinking has been actually gone into this scheme, is that giving out all this money is going to get the economy going again and everything will once more be peachy. I have serious doubts.
Among the targets of this stimulus money are schools. This is being called “investing in education.” Investing is a Democrat word for Spending that Bill Clinton invented. Another way the economy is to be stimulated is the modernization of government buildings. Schools can always use more money—indeed, I’ve never seen a school administration that ever has as much money as it wants, but even if the schools were turning out a young Einstein in every third graduate, it would do nothing toward fixing the economy. The same goes for adding insulation and hanging solar panels atop government edifices.
Another part of his plan is to double U.S. production of alternative energy in three years, but with no details. This is vague enough to mean almost anything, but so far it is not possible to see how this spending is going to revive the economy.
He has pledged to go to work on the nation’s infrastructure, specifically roads and bridges. Well, to get someone else to perform any actual work. He talks about creating three or four million new jobs. Everyone is in favor of new roads and bridges, but I can’t see that as doing anything for the economy either. Who is he going to get to do the work? He will have to open the southern border to get the workers to handle the shovels and wheelbarrows. The next time you pass a highway construction crew, take note of who is doing the manual labor. Is he talking about re-establishing the CCC and WPA from the FDR era? He hasn’t said.
And what he talks most about is 300 billion dollars in tax cuts. From what he’s said so far, he’s promised to send government checks to the middle class. If you remember, President Bush sent out checks to the public in a “stimulus package” back in the spring of last year. Did that get the economy going? Did that solve the problem with the economy? If you’re like me, you probably spent the money and can’t remember what you bought with it. I think I spent most of it at the gas station. A large part of the Obama plan is to also send tax rebate checks to people who don’t pay taxes. Some rightly call this welfare. Whatever it’s called, the fact remains that it isn’t going to stimulate the economy, though it might have a positive effect on the economy down at the liquor store.
The main problem with the economy is that there is a lack of confidence in the financial markets. Investment Banks aren’t lending money even to businesses that can pay it back. This country runs on credit and without it, the whole system ceases to function. Eventually, as it always has, the market will sort itself out and the economy will turn around without the government saddling the next couple of generations with trillions in crippling debt.
With all this money on offer, there is no shortage of city and state officials around the country rushing to Washington, like pigs heading to the feed trough, making their claims for a share of the slop. In addition, other industries are also begging for a piece of the action. Porn King Larry Flynt and "Girls Gone Wild" creator Joe Francis are asking for a $5 billion federal bailout of adult entertainment because "the economy has made America's appetite for sex go limp."
This economic stimulus plan is nothing more than political payback for Obama’s supporters and will have no lasting effect on the economy, apart from increasing the national debt. The best thing the government could do to help the economy is to cut the capital gains tax. That would encourage investment and without new investment, the economy is going to languish.
Among the targets of this stimulus money are schools. This is being called “investing in education.” Investing is a Democrat word for Spending that Bill Clinton invented. Another way the economy is to be stimulated is the modernization of government buildings. Schools can always use more money—indeed, I’ve never seen a school administration that ever has as much money as it wants, but even if the schools were turning out a young Einstein in every third graduate, it would do nothing toward fixing the economy. The same goes for adding insulation and hanging solar panels atop government edifices.
Another part of his plan is to double U.S. production of alternative energy in three years, but with no details. This is vague enough to mean almost anything, but so far it is not possible to see how this spending is going to revive the economy.
He has pledged to go to work on the nation’s infrastructure, specifically roads and bridges. Well, to get someone else to perform any actual work. He talks about creating three or four million new jobs. Everyone is in favor of new roads and bridges, but I can’t see that as doing anything for the economy either. Who is he going to get to do the work? He will have to open the southern border to get the workers to handle the shovels and wheelbarrows. The next time you pass a highway construction crew, take note of who is doing the manual labor. Is he talking about re-establishing the CCC and WPA from the FDR era? He hasn’t said.
And what he talks most about is 300 billion dollars in tax cuts. From what he’s said so far, he’s promised to send government checks to the middle class. If you remember, President Bush sent out checks to the public in a “stimulus package” back in the spring of last year. Did that get the economy going? Did that solve the problem with the economy? If you’re like me, you probably spent the money and can’t remember what you bought with it. I think I spent most of it at the gas station. A large part of the Obama plan is to also send tax rebate checks to people who don’t pay taxes. Some rightly call this welfare. Whatever it’s called, the fact remains that it isn’t going to stimulate the economy, though it might have a positive effect on the economy down at the liquor store.
The main problem with the economy is that there is a lack of confidence in the financial markets. Investment Banks aren’t lending money even to businesses that can pay it back. This country runs on credit and without it, the whole system ceases to function. Eventually, as it always has, the market will sort itself out and the economy will turn around without the government saddling the next couple of generations with trillions in crippling debt.
With all this money on offer, there is no shortage of city and state officials around the country rushing to Washington, like pigs heading to the feed trough, making their claims for a share of the slop. In addition, other industries are also begging for a piece of the action. Porn King Larry Flynt and "Girls Gone Wild" creator Joe Francis are asking for a $5 billion federal bailout of adult entertainment because "the economy has made America's appetite for sex go limp."
This economic stimulus plan is nothing more than political payback for Obama’s supporters and will have no lasting effect on the economy, apart from increasing the national debt. The best thing the government could do to help the economy is to cut the capital gains tax. That would encourage investment and without new investment, the economy is going to languish.
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