The whole point, Mr. President, is to enact tax cuts and spending measures that truly stimulate the economy. There are billions and tens of billions of dollars in this bill which will have no effect within three, four, five or more years, or ever. Or ever.
The guy who spoke that clearly might have been elected last November, if he'd made an appearance. Oh, well . . .
We think we know how to recognize a Democrat who's desperate: she concedes the facts cited by her Republican opponent and insists that the facts don't matter. That's what's happening now with the "stimulus." The party line, from Obama to Reid to Pelosi to E. J. Dionne to the cyborgs who write letters to local papers is, "Sure it's wasteful. But all we need is lots of spending, even if it's on useless stuff, and everything will be just fine."
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The number of unemployed persons (11.6 million) and the unemployment rate (7.6 percent) rose in January. Over the past 12 months, the number of unemployed persons has increased by 4.1 million. The Department of Labor reported today that nonfarm payroll employment fell sharply in January (-598,000) and the unemployment rate rose from 7.2 to 7.6 percent. Payroll employment has declined by 3.6 million since the start of the recession in December 2007, .... most of this mess happening only in past three months! And some wonder Obama is pushing so hard for a stimulus package. The Herbert Hoover approach, do nothing, is all we need, leading us to a twelve year depression ??
Kinda tough to blame Hoover for 12 years of depression when FDR was in charge of nine of them.
Since you obviously don't read this blog regularly, we'll say again: Amity Shlaes and other economists have noted well that the anti-business practices of the New Deal likely exacerbated and lengthened the Great Depression.
Nevertheless, thanks for proving our point with your point: things are so bad that we need to do anything, even stupid stuff, no matter how expensive, to fix it.
If you can slow down from searching blogs for places to paste your boilerplate comments, you might consider your abject logical fallacy: a false choice between the Obamination Stimulus and nothing at all.
John Kerry himself stood up in the Senate yesterday and committed the Ultimate False Choice, words to the effect, There are only two choices: raise taxes or cut spending.
That's why he lost in 2004. He's a blithering idiot. Yet another choice is targeted, timely and temporary, i.e. smart spending and tax cuts.
By the way, Hoover was not a "do nothing" President. He did all kinds of things, like tightening money and raising protective trade barriers, all of which made things worse. And FDR did all that and more.
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