Remember The Stimulus Package?

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Yesterday's Wall Street Journal had an op-ed piece by Karl Rove listing the statistics on the success (or failure) of the stimulus package and how those numbers should give us pause in supporting the President's healthcare proposals.

The numbers that were given to the American people to encourage them to support the stimulus plan stated that without it, unemployment would rise to 8.5 per cent.  Current unemployment is now 9.5 per cent.  We were told that the stimulus had to be passed and the money spent immediately to avoid financial catastrophe.  Well, of the $279 billion allocated to federal agencies, only $56 billion has been paid out.  What was the rush?

The article points out:

"On Sunday, Mr. Biden, backpedaling from his drop-kick comments, said that "no one anticipated, no one expected that the recovery package would in fact be in a position at this point of having to distribute the bulk of the money."

This fits a pattern. The administration consistently pledges unrealistic results that it later distances itself from. It has gotten away with it because the media haven't asked many pointed questions. That may not last as the debate shifts to health care.

The Obama administration wants a government takeover of health care. To get it, it is promising to wring massive savings out of the health-care industry. And it has already started to make cost-savings promises."

The economic policies of this administration have not been helpful to the economy.  The cap and trade (known jokingly as cap and tax) bill which will be voted on in the Senate and the healthcare bill that is currently being drafted will totally destroy any hopes of future prosperity we might have had.  Other countries are lowering taxes to stimulate economic growth to end their part of the recession, on the other hand we are enacting policies that will extend the recession in America and possibly lead us to a depression here.

Just a note.  I am currently in California.  I am in a beautiful neighborhood of houses that a few years ago sold for about $600,000.  There is one for sale around the corner now for $280,000.  It is a great bargain, but because of the financial problems in the state, it has not sold.  If you examine the fiscal and environmental policies of California over the past fifteen years, you see that they have gotten themselves into this mess through overregulation, overspending and overtaxing their residents.  I don't want to see the federal government go down the same road.  The place I am staying has a beautiful climate and million dollar views, but the uncertainties of the California economy make selling a house here very difficult.

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This page contains a single entry by Granny G published on July 10, 2009 9:57 AM.

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