Spinning Economic Recovery - “A Stimulating Stimulus”
It seems that we don't miss a day to discuss a new or improved or accelerated plan to get the ecomony going again. First, without the stimulus we were to expect financial Armageddon and market catastrophe. Our economy would not improve and only by spending nearly $800 billion could we be assured of recovery and only if we actually didn’t read the plan. We needed to accelerate TARP funding for the financial institutions all the while hiring their cronies and insiders who were to provide good advice to the administration. Then we were told that the bailouts of the autoworker’s union and Chrysler and GM would ensure the strength of the automotive industry in this country – until those pesky investors and bond holders got involved with the Supreme Court. In addition, the president told us he would save or create two million jobs and then 600,000 - but many of those would be “summer gigs”. We also discovered that we are in a worse recession than was expected by this same administration and that it will take time to see improvement – of course this “mess” was created long before he got here!
And today, we find out that we will accelerate the stimulus spending to stimulate growth and stimulate jobs, none of which are really expected to be created by the social welfare and largesse of the existing plan by any real thinking economist. And I would hate to drive over those “accelerated” bridges and roads or get my electricity from all those experimental “green” technologies that will be advanced by that same stimulus. No, it would appear the nature of this stimulus spending acceleration is to provide us and the financial markets with some reason to be positive because all of his is so, well, stimulating!
The truth of the matter is that I have never been hired by a poor man or an uneducated man or someone who is out of work. I have only been hired by entrepreneurial, corporate types who risked their own capital and the capital of investors who believed in them to create a business and generate profits. Or, failing that I started my own busienss and hired those people who were looking for that entrepreneur or corporate type who...(well you get the picture). All of this has fallen on deaf ears in the current administration. In fact, there seems to be a penchant for brutalizing and degrading those who have risked much in their business careers.
Now this president and his economic team won’t be satisfied until they see positive job growth – by whom – the government? With the exception of more bureaucracy, the government simply doesn’t create jobs that contribute to the economic output of this country. They use tax dollars, generated by those who are productive, to create further bureaucracy resulting in more taxes to support said bureaucracy. Of course they are good at creating czars – twenty-two at last count with the Pay czar and the Cyber czar - who I am certain is more than a product of Al Gore’s internet imagination.
Of course, the president and his administration, after doing such a good job of stimulating the economy and creating a constitutional crisis with the doling out of Chrysler assets (think Fifth Amendment her and contract law) now wants you to believe that eighteen percent of the GDP of America should be controlled by the likes of Pelosi, Reid, Frank and Kennedy. We are of course talking healthcare reform. By now, the hope and change crowd should begin rubbing their eyes, opening their ears and using their intellect when considering this nation's leadership and governmnet largesse in particular. But sadly, the press and teh MSM continue to create a love fest for all actions related to this president's efforts. However, this was taken to levels even more prepposterous than ever before written or stated when Evan Thomas of Newsweek compared Obama to God!
"Interview - Evan Thomas of Newsweek"
Yes, that was capital "G", not a god but God! And I thought it couldn’t possibly become more silly, however we can now add blaspheme to the MSM. So, you really have to ask yourself, are you so stimulated by all this stimulus that you are willing to give over your health care to this administration? Have you so bought into the god thing and all the adoration that you would simply relinquish your liberty and rights to a private health care plan? And if all of this talk about the stimulating stimulus causes you to get that proverbial Chris Matthews “furrowing up my leg” feeling, think about the following. There is indeed furrowing going on – but you had better be ready to look and see if it’s a furrow to plant the seeds of opportunity or a pit that will swallow up any hope of your future liberty as this government grows ever bigger. On second thought, it’s more like one of those giant Florida sinkholes. Now that is stimulating!
MTP Blog

It seems that with regard to the Massive Borrow and Spend of the Obama Stimulus program.....
Somebody never taught Barack Obama and his Economic Team the simple rule called
The First Law of Holes : which says
When you look up and find yourself at the bottom of a deep hole ......
STOP DIGGING !!
I quess they did not teach that rule at Princeton or Harvard..... Well Obama was last heard on TV urging his team onward...
" Uhhh... OK..... Now... Uhhhh... Our Economy is in a Deep Hole.... So.... Uhhh.. DIG DEEPER...... Uhh Come On.... DIG FASTER..... We've... Uhh ... Got to turn this Economy ..... Uhhh .... Around.
Reply to this