Thursday, January 29, 2009

An economic stimulus that won't stimulate

So it really confuses me why we are spending $825 billion on a bill that doesn't stimulate. I've been hearing all about these extra expenditures stuck into the bill. Do the Democrats really believe this is the time to be spending money on little side projects--especially billions of dollars? The first priority should be to cut excess government spending--not increase it drastically.

Rahm Emmanuel, the new White House Chief of Staff, said the following back in November, "Never let a serious crisis go to waste. What I mean by that is it's an opportunity to do things you couldn't do before."

I cannot see how the majority of these things will stimulate the economy, because they probably won't. I really do want Obama to succeed--I do. But if him and the Democrats continue down this road at least the Republicans won't be a minority for too long.

Read the following article from The Wall Street Journal for details the bill.


Jason said...

Just like everyone knew that Saddam had weapons of mass destruction, it seems that everyone knows that a huge spending package is what this country's economy needs. I can't believe the media are jumping on this bandwagon again. Don't be the voice for the government, even if you really, really like the guy trying to do all the spending. Grow a pair and investigate. Follow the money. Who is getting rich off of our grandchildren?

Nathan S. said...

I think that the new administration has so much pressure to get something done that they are willing to push a bill through that may contain many errors. Parts of the bill are going to work and they are willing to let the pork projects slide. They spent so much time criticizing Bush and now they have to get things done fast. I worry that the bill won't do what it needs to do and we will be in a worse spot.

Jordan said...

And right now Obama is trying to push the bill through saying it's crucial we pass it as soon as possible (without debating it basically). That scares me. They've already said it will take years for the bill to take its full effect. So wouldn't it be worth it to spend a few more days, or maybe a few more weeks to make sure we get it right. Especially when we're talking about billions of dollars in government spending.