Friday, February 6, 2009

Economic "Stimulus" is Harmful to the Economy

Conservatives and Republicans have been fighting against the massive pork included in the so-called economic stimulus package proposed by President Barack Obama.  While some minor battles have been won, the juggernaut is still likely to pass.  After all, the president's party has large majorities in both houses of Congress.

But will the package have a desirable effect on the American economy?  The nonpartisan Congressional Budget Office says . . . "No."  According to this story from the Washington Times, the CBO says that the proposals "would help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing."

This is not the RNC talking, its the CBO!  When even the CBO says this is a bad idea, why is it going to be done?

Because nobody in Washington (at least on the Democrats' side of the aisle - and too few on the Republican's side) seem to give a [darn] about anything past their next election.  And the press and public seem too easily snowed.

We're in a crisis here due to lack of vision and leadership and courage.  Is there any on the horizon?  And if there was, would the American public pay attention long enough to understand it?


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