Well one of President Obama's top economic advisers announced today that the 787 billion dollar stimulus package has already delivered its biggest boost to the economy and that next year will not see any significant growth due to the billions being spent.
Christina Romer also somehow managed to claim that 600,000 to 1.5 million jobs had been saved or created before reminding us that unemployment will stay above 9.5% until the end of 2010. At least.
You mean cluster f-ing 800 billion dollars to special interests instead of job creating measures doesn't result in a robust economy? Shocking.
What's more telling is that the administration, or one of its advisers, is calling this thing a massive failure when most of the money hasn't been spent yet. How can that be exactly? Only 194 of the 787 billion has been spent, so how do we know it's a failure? Because the rest of the money is no doubt going to be spent like the first 194 billion. That is to say it will be pissed away shoring up the budgets of failed state welfare programs, filling the pockets of all the lawyers hired to make sure the money was wasted legally and being used to buy votes in the 2010 elections.
After all 787 billion has been burned through and the results analyzed, congressional liberals will no doubt see the massive failure of their ideology, do some serious soul searching and come to the conclusion that they need to double down and really get serious for Stimulus 3.
Unfortunately, we will be completely out of cash, ink to print cash and credit to borrow cash so Stimulus 3 will simply consist of Barak annexing Cuba so the Flying Castro Brothers can show us how to do this thing on the cheap.
And Mrs. Romer may want to keep her negative opinion to herself before she gets Vernon Forested in some park in DC.
They don't call him Rahm-bo DeadFish for nothing.
Thursday, October 22, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment