Congress and the Obama administration are talking about a second stimulus package. The first worked out so well it’s time for more. This is a typical governmental way of handling things. If it’s broken, throw money at it. It doesn’t matter why it’s broken, just throw some bucks that way and maybe the problem will go away. It generally doesn’t, but they keep doing it.
Take the education system for instance. It has been broken for over thirty years. More money has been poured into the system annually with no improvement, so they spend more of our tax money and our kids continue to learn less, so they give the schools more money. The NEA and unions love it and administrators get raises, too.
The American Recovery and Reinvestment Act of 2009 (aka Pork Barrel Spending Bill #1) had to be passed fast-fast to keep companies from declaring bankruptcy and keep people employed. It had to be passed so rapidly that almost no member of Congress even read the bill or knew what they were voting on. As it turned out, it was more about crony payback than economic stimulus. Of the money that has been spent, most of it went to donors or campaign money bundlers. Other than that, the rest has been given to organizations for research and study of “Non-Waddling Western Wacky Ducks” or “The Effects of Fast Food on Obesity (study #1,547,008,932 and successive)” or other urgent and essential projects by companies owned or controlled by Obama supporters.
So, the first stimulus package of $787,000,000,000 that had to be passed to keep the jobless rate below 9% didn’t work. The jobless rate is now over 9.5% and climbing. So let’s have another stimulus package and throw some more future generations money at the problem.
I just read that $18 million of the 787 billion dollars will be spent to upgrade the website for Recovery.org. In case you’re not familiar with that site, it is the government’s site to inform the public how wisely and effectively the stimulus money is being spent . I don’t know about you, but almost everybody has a child or knows one who would do the job for a few thousand bucks.
I was talking with a fellow the other day that had been laid off from his job of 30+ years along with over 300 others when the plant closed. At 25 years he got his gold watch, at 30 years of faithful service to his employer he got his pink slip. And he was a young guy, barely over 50, still raising a family, not yet ready to retire. He’s not feeling very stimulated right now. Unfortunately, he has paid all of his taxes on time otherwise he could be…oh, maybe a czar of layoffs.
“The truth is, we and everyone else misread the economy,” Joe Biden stated just a few days ago. Duh! Could this have anything to do with the lack of executive and management experience of this administration? Steve Martin would say, “Nah”.
So, how’s that whole touchy-feely “Hope and Change” thing working out for you so far?