Tuesday, December 08, 2009

Here We Go Again: Porkulus The Sequel

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We borrowed $787-billion for the original porkulus that was used to burgeon Democratic politicians chances of reelection while bankrupting the country and producing minimal employment relief. How minimal? Try $246,436 per job "created".

The original porkulus was supposed to be for "shovel ready projects" that could get going real fast...or soon...or next month...or never. It was a Democrats wet dream: unlimited tax dollars to line the pockets of cronies all over blue America (including congressional districts that don't even exist). Why
sweat the little fact that it would put us in debt to the Chinese for decades, draw the recession out even longer, bring about inflation once we get out of it and raise taxes to Carteresque levels once the bill comes due.

So how do you follow up a shit sandwich like that? You introduce Porkulus II since the first did the job so effing well:

WASHINGTON (AP) - President Barack Obama outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to "spend our way out of this recession" until more Americans are back at work.

Without giving a price tag, Obama proposed a package of new spending for highway, bridge and other infrastructure projects, deeper tax breaks for small businesses and tax incentives to encourage people to make their homes more energy efficient.

"We avoided the depression many feared," Obama said in a speech at the Brookings Institution, a Washington think tank. But, he added, "Our work is far from done."
Please, stop working, you're killing the country, dude. As for avoiding the depression; we'll just have a double dip recession and a side of hyper inflation instead, thank you.

What a good idea it would have been to just give deep tax cuts to everyone starting with not only small business but big business, enormous business and colossal business because business is who hires 95% of the population (although Obama would prefer if it was government that was 95% but I digress). Now he wants another $70-billion on top of the original fiasco.

One just wishes Obama had a little Tiger Woods in him and he concentrated on getting busy with half the women in America instead of focusing on the economy because the dude is spending us into oblivion. Plus Michelle could whack him upside the head with a nine iron and maybe knock some damn sense into him.

One good thing that will happen is that Keynesian economic theories along with those spewing out of Paul Krugmans piehole (but I am redundant) will be shown as the liberal farce we always knew they will and will hopefully be relegated to the dustbin of history.

Earlier thoughts here.

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