Poor Barack – Jared
February 6, 2009 1 Comment
“You’ve got some economists and some folks who think they’re economists. By the way, these days everybody thinks they’re economists.” He is joking I know. Jokes are telling. The message: stop questioning and understand that the “porkulus” package is the only way we are getting through.
I cannot accept that. The New Deal was not a success. We cannot spend our way out. We can save, we can tighten the belts, those a tried and true methods. Spending billions on bridges and roads and statues and STD education and abortions will not get us out of the recession. We are throwing money down the drain.
The Congressional Budget Office says Obama’s plan will do far more harm than good. It will already take 6 years or more to get back to prerecession levels. The increased public debt will lower the GDP over the next 10 years. Obama is simply making it worse.
When you go into debt you tie up resources to finance the debt which could be and should be used to start businesses, buy primary products and pay workers so they can buy finished products. Putting more money in government is a massive economic stagnation waiting to happen. Why doesn’t anyone see that?