Roman Around

combating liberalism and other childish notions

STIMULUS CRAP

Posted by Andrew Roman on October 29, 2009

stimulus package hatHow about that?

The economy grew by 3.5% during the third quarter. Needless to say, it was unexpected by “experts.”

Yahoo News went so far as to say that the recession was over.

Happy days must be here again.

I would advise, however, that before anyone starts wetting their inseams with glee, a little perspective is in order.

Think of a restless boy on a dose of Ritalin. As the drugged child settles down and begins his excursion into the cognitive abyss, the doctor walks by to see the “out of control” lad pacified at last. He’s quiet now – in that just-recently-lobotomized sort of way. He still needs tending to, but things are finally calm. The doctor also sees a frazzled parent slumped back in the chair, relieved to finally find a few moments peace. The “Leave It to Beaver” theme plays in the parent’s head.

As heart rates decrease and tensions abate, both doctor and parent arrive at the same conclusions: Ritalin, good. Peace, good. Rambunctious boy, bad.

And the long term effects of the dope-instead-of-parenting approach?

Who cares?

As long as it’s quiet.

This, my dear readers, in a nutshell, is a good place to start when trying to understand the Obama economy – drugged and artificial.

Here’s the bottom line … despite the orgasmic reports of an economic third quarter that has put to bed the worst recession in seventy-years (which only a few days ago, according to Joe Biden, was a full-fledged depression), the reality is, this is no recovery. This is not the beginning of a long term trend based on investment and genuine growth. Rather, it is the temporary result of an infusion of the drug known as government intervention. Take away the Cash-for-Clunkers program and the Homebuyer Tax Credit – fleeting “fixes” that spurred temporary consumer activity – and all that’s left is an absolute failure of a stimulus program that increases nothing except the tax burden for generations to come. In other words, when the Ritalin wears off, the child will be out of control again.

These moronic lefty contrivances are not genuine economic stimulators. Obama’s gargantuan deficits will not encourage private-sector investment. The President’s “there-isn’t-a-tax-I don’t-love” approach will not promote economic growth. His “to-hell-with-the-free-market” modus operandi will never stimulate a damn thing.

And exactly what proof is there that Obama’s $787 billion stimulus package – which, incidentally, has only been 20% implemented, and most of that in non-stimulating capacities – had anything to do with the so-called recovery? Because Joe Biden said so? (Remember, this was a depression not too long ago) Because the state-level recipients, who wouldn’t dare levy a negative word at the money-givers, said so?

This morning, on her nationally syndicated radio program, Laura Ingraham spoke with former Congressional Budget Office (CBO) Director, Douglas Holtz-Eakin:

Ingraham: (The Stimulus) has been, without a doubt, exposed as a farce … We have lost jobs. They predicted three million. We now see an exodus, when you add it all up, of six-and-a-half million jobs from the United States.

Holtz-Eakin: And remember, when it became obvious that this was not going to work, they invented a new term – “jobs saved” – something that has, literally, no foundation in fact, and (can) never be verified, in order to sell (the success of the Stimulus).

“Jobs saved” is just as easy to verify as “souls saved.” I mean, there is just no way to do this.

And then there’s this …

According to the Associated Press, the Obama administration’s “economic recovery plan overstates by thousands the number of jobs created or saved through the stimulus program, a mistake that White House officials promise will be corrected in future reports.”

The government’s first accounting of jobs tied to the $787 billion stimulus program claimed more than 30,000 positions paid for with recovery money. But that figure is overstated by least 5,000 jobs, according to an Associated Press review of a sample of stimulus contracts.

The AP review found some counts were more than 10 times as high as the actual number of jobs; some jobs credited to the stimulus program were counted two and sometimes more than four times; and other jobs were credited to stimulus spending when none was produced.

It is interesting to note that the CBO let out its economic soothsayers back in February, predicting that by the end of this year, we’d see some kind of economic recovery even if Obama and the Cats did absolutely nothing. They also pointed out that all the debt that will result from Obama’s astronomical spending spree could trigger a re-recession – or a double-dip recession – when the bills come due.

It’s pretty easy to grasp.

Government spending does not create economic growth. It would seem to be self-evident seeing as the government gets its money from the private sector through taxation. This is so basic that “one-plus-one-is-two” is labyrinthine in comparison.

Perhaps someone ought to slip some Ritalin into the Congressional water cooler.

Incidentally, isn’t it a delicous coincidence that the “worst recession since the Great Depression” would come to an end on the 80th anniversary of the event that is considered to have triggered the Great Dpression itself – the Stock Market crash of 1929?
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