What would you do with 850% more money?
Our current administration would burn it rather than give it to you. Twelve cents of every dollar in “stimulus” will do absolutely nothing to stimulate economic growth. Would you find a $5000 stimulus check, ~850% of last year’s $600 checks, worthwhile? Well, that’s probably not going to happen. But at least you can be happy in knowing nothing has changed in the Democratic party – spend, spend, spend, and let future generations deal with the bill.
http://online.wsj.com/article/SB123310466514522309.html
Saturday, February 7th 2009 at 9:18 pm |
seriously???
Sunday, February 8th 2009 at 2:30 pm |
I tagged a similar article out of the Wall Street Journal on Friday. I used to think Rupert would run that paper into the ground, but I've had to eat crow lately…
Sunday, February 8th 2009 at 2:59 pm |
May I remind you of the cost of this war against WMD on lives and also our children's dollars? Just sayin'
Sunday, February 8th 2009 at 6:56 pm |
That's exactly your article from the journal. It was well worth a repost. As much as I hate party politics, the conservatives have done the right thing here by giving the liberals all the credit for this malady of our finances. This particular article just references the latest "terrible asset relief program," not the war. It's quite a New-Deal-all-over-again style package. The New Deal didn't work the first time around, and the New New Deal won't work any better. You're certainly right about our kids, grandkids, and probably even great grandkids footing the bill for this one. None of what is being bailed out is even worth bailing out, it's just socializing jobs for more makework that doesn't need to be done. The auto industry doesn't really need the extra $600M (fortunately this looks to have been trimmed to $300M from a report I heard last night) – if they can't build functional cars at competitive prices, they should be allowed to fail. Just as the first TARP had no…
Sunday, February 8th 2009 at 6:58 pm |
place in a capitalist society, this one does not either. The waste of money is a far smaller issue than the destruction by socialization of one of the greatest political and economical systems of all time (though it has seen a slow, steady watering down over a number of generations in preparation for this enormous power and rights grab). While the spending is bad, the amputation of people's ability to succeed or fail on their own, to make their own decisions, good or bad, is far and away worse.