Tuesday, March 10, 2009

They Just Won't Quit

Spending, that is.  Barack the Obamessiah and the Democrats have bucks on the brain.  Yours, to be specific.

First there was the $700 billion TARP; then the $1.2 trillion non-stimulating stimulus (aka Generational Theft Act/Porkapalooza bill) was shoved down our throats despite our overwhelming protests; then came the Omnibus spending bill of $410 billion; then we were blessed with the $4 trillion bloatfest (except for defense, of course) that Obama called his budget.  If you thought the spending would slow down a little bit, you were wrong (emphasis mine):

The first stimulus, we were assured, "created or saved" three million jobs. Do we need to create or save those jobs again so soon or will this new bill be creating or saving more?

Prediction: By 2010, The One will have "saved" every job in America.

"We are going to need more taxpayer money," Mark Zandi, the chief economist at Moody's Economy.com and a key economic advisor to Congressional Democrats, said after the meeting. "I think another stimulus package is a reasonable assumption because of the way things are going."

House Speaker Nancy Pelosi (D-Calif.), standing with members of her leadership team by Zandi's side, said she agreed that another stimulus bill is being considered as an option.

"We have to keep the door open," Pelosi said. "The word of the day is confidence. Confidence in our markets, confidence in lending, confidence in our financial institutions."

Nothing says confidence like an endless string of multibillion-dollar emergency bailouts.

So, what do you think about this?  Do you have any confidence that the mental midgets called politicians -- sorry, didn't mean to insult midgets -- in Washington have the first clue about how to 'fix' the economy?  Personally, I have a hard time believing they're anything other than insane, since they keep doing the same thing (throwing taxpayer money down a giant toilet and flushing) over and over again, and expecting a different result.

Ah.  Wait.  That's the problem...I just remembered that they're not actually interested in 'fixing' the economy.  They're trying to socialize the nation and entrench Democrat power indefinitely.  Hot Air links to an article on ABC News's site which I'd like to excerpt and translate to illustrate this point:

With murmurs becoming louder this week for the possible need for a second stimulus package, House Democrats were presented today with a report that may give them the cover they need to start setting expectations for a second stimulus.

The report by a group of economists including Mark Zandi, chief economist of Moody's Economy.com, says the recently enacted $787 billion stimulus package will fall far short of the Obama administration's goal of saving or creating 3.5-million jobs.

Here's my best stab at a correct translation of the liberal-ese in that quote:

With millions of Americans ticked off at the Democrats' utter failure to just get out of the way of real economic recovery but still intent on socializing the country while they have clear majorities in both houses of Congress and a radical leftist liberal in the White House, House Dems announced initial plans to drown not just two but three entire generations of future Americans in mountainous debt.

The report by a group of economists including Mark Zandi, chief economist of Moody's Economy.com, says the recently enacted $787 billion stimulus package will fall far short of sufficiently destroying the American economy to such an extent that complete socialization will occur.  They plan to make up the job numbers regardless of what happens, so that's really not a factor at this point.

Remember, liberals look at how FDR expanded government in the Great Depression -- ignoring the fact that his policies lengthened and deepened the crisis then, too -- and think he's a hero.  Their take on why the Depression lasted for another decade after FDR started his own spending spree is that he didn't spend enough money quickly enough.  It's the same mentality that's driving liberals today, and we're watching it play out right before our eyes.

In a related article at The Hill, Zandi says this:

"What characterizes the current environment is a loss of faith," Zandi said, noting that faith is part of what separates a recession from a depression. "People aren't convinced yet that this is going to work."

Right.  That's because American history and basic economic principles prove it won't work, and the American people aren't stupid.  Instead, we've watched while the Democrats have killed off half our collective savings through a tanking of the stock market.  But, just to play along, how about we take Zandi's own advice and wait a few months to see how the economy does with these first few trillion dollars flushed down the drain before we enact another few trillion?  Whaddyasay we table this notion and bring it back up sometime around September?

Nope, they've got to push through as much as they possibly can as fast as they possibly can, and here's why.  At some point, the public backlash will be massive (it's already building, and there are even cracks inside the Democrat Congress), and they're going to take a giant hit for this utterly irresponsible spending.  The race, then, is for the Democrats to grab as much control as possible to protect themselves from that backlash when it occurs.  If they've gained control over the financial industry, the health care industry, and the energy industry, they've pretty much got America by the family jewels...figuratively and literally.

There's my two cents.

No comments: