This is what happens when I don't post often enough to adequately vent...long, incoherent rants. I've got to start posting more frequently.(By the way, the picture at right is the controversial cartoon that was published in the NY Post. All the typically ignorant, politically correct usual suspects jumped all over this as racist, even though it's patently obvious that the monkey represents congress, not our new untouchable savior.)
Anyway, it seems our new leadership in Washington is off to a wonderful start - if you're one of the many in this country who believe the government is there to take care of your every need. Of course, the simple fact is that most people in this country can't even be bothered to vote, much less pay attention to what happens in between elections. Then again, if everyone paid as much attention as I do, we'd all have high blood pressure and life-threatening levels of stress.
So what's the big deal about this so-called stimulus package our messiah has just rammed through congress, and why are so many folks up in arms? Unfortunately, our new president and his misguided cohorts in congress have, in less than a month, managed to saddle our grandchildren with several trillion dollars in debt, all for a program that most agree will do very little to solve the actual problems our economy is facing. The stimulus bill is a perfect picture of what's wrong with Washington and the majority of the pathetic excuses for representatives we send to do our bidding there.
The overall goal of this type of policy is to increase spending in order to prop up our shrinking economy. I'm no expert on finance, but I've read enough to understand that our GDP has recently begun to shrink. Keynesian economic policy, to which many of our new leaders adhere, is basically the opposite of supply-side economics. Most of us understand the idea that our economy is based on the rules of supply and demand. When supply increases, demand decreases, and vice versa.
In Keynesian policy, the idea is to use government to artificially increase demand. The average consumer in the free market, during times of economic trouble, stops spending money. It's just a natural reaction. When folks start losing their jobs and companies begin to lay off, we all tighten our belts. This of course only compounds the problem, as our economy is based on consumers buying and spending. In other words, demand shrinks because we all want to play it safe and build our savings back up during a recession. Our new leaders want to use the government to push demand back up.
The idea, basically, is to borrow money from China and other large nations to build roads and bridges, government buildings, and on and on. This will create jobs for people who are out of work, who will then go spend their new salary on cars, houses, etc. The only problem with this idea is that it doesn't solve the financial problems that got us to this point in the first place. All this plan will do is give a bunch of folks some temporary work and artificially shrink our unemployment rate for a while. For more discussion on what's really wrong with our economy, and why this won't work, go here.
At this point, I'm not really interested in whether this plan will work or not. I honestly don't think it will, but the biggest issue I see right now is the way in which this bill was passed, and the utterly ridiculous amount of completely unrelated nonsense that was included in the final product. President Obama revealed himself to be a liar when it comes to many of his campaign promises, and no one is calling him on it. We were all led to believe that this man would transcend partisanship. He would be willing to include ideas from both sides of the aisle, and would lead us into a new era of open and transparent government. So much for that nonsense.
President Obama missed an opportunity to show us all that he would in fact keep his promises to be a new kind of leader. This bill was rammed through congress without any debate over it's merits, without any input from republican lawmakers, and without anyone even having READ IT! He simply turned it over to Harry Reid and Nancy Pelosi, who promptly shut out everyone with an "R" behind their names, and proceeded to draft a bill that includes every liberal pet project that has ever been dreamed up. Our president made a good show of listening to alternative ideas, but made it pretty obvious that he never intended to actually take any of them seriously. "I won." How very bipartisan.
I won't even get into the amount of idiotic, wasteful spending included in this bill because I happen to have a real job and it would take weeks, but the main point that needs to be made is that this entire process just stinks. Our so-called messiah has shown himself to be a liar and a coward. If he had wanted to show us that he's a new kind of leader, he would've insisted that all of the waste and unrelated nonsense be taken out of the bill. Instead, he goes into full campaign mode, traveling the country to convice us all that the sky is falling. Our new leaders, after accusing the Bush administration of using fear to advance their agenda, are fomenting and encouraging panic surrounding the recession in order to advance their own agenda.
President Obama, our great deliverer, is taking advantage of the crisis in order to enact legislation that Americans, in ordinary times, would never tolerate. No debate, no review, and no alternative opinions allowed. I'm not surprised at all. Democrats have been abusing the ignorance and apathy of the average American for decades. Why should this guy be any different?
Well done America. Excellent choice.
