How About Another Bailulus?

The Obama administration has spent an unfathomable amount of taxpayer money.  Several generations' worth of taxpayer money, in fact.  Just savor that thought...if you don't have kids or grandkids yet, Obama has already spent every single tax dollar they'll ever contribute to the federal government.  Future generations are already bankrupt.  Pretty swell, huh?

A lot of that spending came in the form of bailouts.  It's not at all unreasonable to ask what we got for our future generations' money, right?  The answer is...

NOTHING.

Well, I suppose you could say we actually got all that debt for our descendants, but there really isn't any tangible or positive benefit to all that spent bailout money.  We're now being told that the $100 billion in taxpayer money given to AIG didn't work.  The new CEO of GM -- you know, the one put in place by Supreme Overlord Obama, even though he isn't going to run the company or anything -- said that despite the $14 billion in taxpayer money they got, well, he really thinks bankruptcy is the answer.  Chrysler, which also received several billion dollars in taxpayer money, is being forced by Congress to submit to a takeover by Italian car maker Fiat, which is having financial difficulties of its own.  This prompted one Senator to observe that Chrysler was 'toast'.

I suppose that one silver lining is that it is pretty damned obvious now that any company that got bailout money is under the thumb of Big Broth...I mean, the Obama administration, so we can hope that companies won't even go there.  Still, the damage is done, and the taxpayer money is gone.

I have a great idea...why don't we put health care and energy under Obama's thumb, too?  Yeah, that'll work a whole lot better.

And if we're uncomfortable with the idea of 'bailouts', well, then let's just call it 'stimulus' instead.  Same thing, different name.  But wait, that doesn't really work out very well, either (emphasis mine):

President Barack Obama's nearly $800 billion in deficit spending is just beginning to be spent and already stories are trickling in about how the money is being wasted. Remember that bridge to nowhere in Alaska? Well the Milwaukee-Wisconsin Journal Sentinel reports that Obama's stimulus is funding 37 bridges just like it in Wisconsin alone:

A vast majority of the Wisconsin bridges awarded construction money in the first wave of federal stimulus funding carry fewer than 1,000 vehicles a day, a Journal Sentinel analysis of federal bridge inspections shows. And many bridges carry significantly fewer than that. The 37 bridges average 568 vehicles a day.

These mostly small, rural bridges will receive $15.8 million, while high priority larger bridges with daily traffic counts approaching 60,000 vehicles were ineligible for funding in the first round.

The Journal Sentinel continues:

The state hopes to put more than 13,000 people to work on new transportation projects, with a total of $529 million allocated to the construction program.

But as we've pointed out before, infrastructure spending does not stimulate the economy or create jobs.

Who's up for another bailulus?  You know, 'cause they work so well.

There's my two cents.