Wednesday, January 21, 2009

Stimulus Insanity

If Pres. Obama's proposed stimulus package passes, and you add it to the Bush stimulus package, it adds up to about $2 trillion in the spending of taxpayer money, where very little of it actually goes back to taxpayers. $2 trillion is enough to give every man, woman and child in America $6500. With my wife and kids, my household would get $58,500, which would let me pay off all our bills (hospital and otherwise) and a nice chunk of the mortgage. We'd be set.

But that money isn't going to taxpayers. We threw billions at the banks, who have mostly blown it, and without forgiving a cent of taxpayer debt. We gave billions to corporations and industries to have the money spent on CEO bonuses and corporate retreats. They keep comparing the new spending to FDR, but people forget every program that FDR proposed that worked, there was another one that failed, and he kept us in the Depression for years. Had the two-term limit amendment been in place during his time, he'd be remembered as a mediocre president, if not a failure. World War II saved him, and us.