Wednesday, January 28, 2009

819 BILLION!

Well I guess it is safe to say all those that turned out on election day for "change" sure have gotten it. Now we just have to chart how many people have their homes and jobs saved by this orgy spend fest. Is David Obey smoking something? Does he honestly believe that this will actually stem the unemployment numbers in the near future? Oh Pelosi is right about a new era. If anyone thought the new kid was going to cut the pork, well I guess they know now that isn't going to happen.


The devil will surly be in the details, but bits and pieces already let you know what a stinker this stimulus bill is. A last minute addition of $3 billion for mass transit... Cannot wait to see what other utterly wasteful things will be in this big old pork chop.

I hope the Republicans don't fall prey to Rahm Emanuel's taunt that 80% of the Americans want this. 80% of Americans may be feeling the pinch but I'm pretty sure many of them know you cannot spend your way out of a hole. Most reasonable people knew the housing bubble was just that, a bubble sure to break. People spending $500,000.00 on a $200,000.00 house and banks and crooked assessors going along with false values were a big part of the problem. That market has to correct and it will take time. Add to that the total saturation of excess houses on the market and it just adds more time to any settling down we will see in that market. Did the government step in and protect anyone from those crooks? No, they aided and abetted (think Barney Rubble, er Barney Frank). The only way to get out of this economic mess, and it is global, not the sole creation of the US, is to stop the spending on foolishness, stop protecting crooks and stop playing favorites with those that lobby the hardest. Quit rewarding those that don't produce and reward those that do. The free market, without the interference of government, has a better chance at success than the markets controlled by government trying to pick. Again, the crackpot crooks in government couldn't run a pop-corn stand, we allow them to pick winners and losers in business? Just by who greases their palms the most? That is what is going to have to change before anything gets better.

I fear the great experiment, this grand old dame democracy is in for the fight of her life and I'm not sure she can make it without a full blown revolution.

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