Tuesday, January 27, 2009

Obama's So-Called Stimulus: Good For Government, Bad For the Economy

4 comments:

Anonymous said...

This is where the Main Stream Media just is not doing it's job. If newspapers wanted credibility and the increase in sales that would go along with it, they should be scrutinizing every dollar of public spending.

The question that should be asked is, "Is this spending really going to help the economy, or is this a result of politicians damaging the economy further in their own self interest of appearing to take action?"

Instead, the entire MSM has simply bought into the stimulus package as needed. The toughest question being asked is "$850B will help but is it going to be enough?" and "Are the rich paying their fair share of the stimulus?"

The people in charge of investigative journalism are inbelievebly incompetent on economic matters. They cannot understand the slightest bit of what this video is saying: It's completely possible that taking money out of the economy to pay for a stimulus can have a net effect of adding to the problem. THIS NEEDS TO BE CONSIDERED!!! But the MSM has been so in-the-tank for Keynseanism for 70 years that it can't conceive a of a problem where government is not the solution.

The only consolation that I have is that I have a decent education and work ethic. I will probably be able to ride this recession out. Unfortunately, the people that will take the effects of this in the backside are going to be the poor. Ironically, these tend to be the biggest supporters of the stimulus mindset.

Come to think of it, maybe a big stimulus is the best solution after all: The people who least need help will be least damaged, and the people who need the most help may not get much, but at least will be placated. Making people think they are better off can be more effective than actually making them better off: Leninism 101.

Ben said...

I hope the House GOP votes in overwhelming #s against this

Anonymous said...

I think we got our wish on this. The stimulus bill has the parties on record. This just off the AP wire...

"The vote was 244-188, with Republicans unanimous in opposition despite Obama's pleas for bipartisan support. ...On the final vote, the legislation drew the support of all but 11 Democrats while all Republicans opposed it."

This vote will someday be written as the dawn of a new era for the republicans. I actually hope the Obama measure succeeds because I don't care HOW we dig out of this mess, as long as we dig out. If this works, Obama will win me over as a voter. I also think it would be the final nail in the republican coffin, and I'd be OK with that. The republicans squandered their leadership. The vaccuum left in the wake of their desruction will be quickly filled by a party, yet to be formed, that actually has some balls.

All that said, I can't realistically imagine this spending package actually will solve anything. If it falls flat on it's face, it's a good thing that this is squarely on the democrats. This bill may not be a good bill for America but has something that no congressional bill has had in a long time: clarity. So this could also be the day the republicans began the road back to conservatism. Conservatives need a voice in government; now more than ever.

Think about this. Obama has only been in office for 1 week (one half of one percent of the way into his fist term) and already the biggest spending package in world history is on it's way to his desk. And make no mistake about it...read the contents of the bill...this is a social engineering spending package, not a stimulus. This is what we are in store for people. This is what we voted for (by we, I mean you idiots that voted for him).

gordon gekko said...

I appreciate all the thorough and salient points.

The fact is all three of you, as well as myself, will find a way to make it despite a bad economy because we have a knowledge and awareness of how the world really works.

As I always say, I can afford to be a liberal. I'm conservative becuase liberal policies always hurt the least of us.

Just look at every democratic city.

How are all poor people doing there.