Every day I feel more steamed about this "stimulus." This is no stimulus. Dear readers, we are in the process of getting scammed, hoodwinked, tricked - in a way that Bernie Madoff could only dream about doing in his wildest dreams. The statists are literally trying to pull a fast one over on me. It's the biggest money and power grab since Lyndon Johnson, and nobody knows all of the details, implications, or the long-term consequences - not to mention the undiscussed or unintended (or quietly-intended) consequences.
It's a trickster's delight. Are we such easy marks? I hope not. They hope most of us are uninformed morons and will defer to their superior wisdom. The House bill goes far beyond the usual pork. It changes the role of the federal government in our lives, and is intended to do so. This is no short-term stimulus for an ugly recession; this is long-term change via centralization of power and money using today's fears about the economy as a convenient excuse.
Why is it long-term? Heck, it's not just long-term; this stuff is forever. How difficult is it to "cut" a program? Well, no more difficult than trying to take a lollypop out of a kid's mouth. The socialist ratchet wrench has no reverse setting.
Yes, I am not pleased with hopey-changey thus far.
From WSJ's Look at the Time:
That's what the stimulus bill was about—not knowing what time it is, not knowing the old pork-barrel, group-greasing ways are over, done, embarrassing. When you create a bill like that, it doesn't mean you're a pro, it doesn't mean you're a tough, no-nonsense pol. It means you're a slob.
That's how the Democratic establishment in the House looks, not like people who are responding to a crisis, or even like people who are ignoring a crisis, but people who are using a crisis. Our hopeful, compelling new president shouldn't have gone with this bill. He made news this week by going to the House to meet with Republicans. He could have made history by listening to them.
Via NRO:
To call the economic legislation now moving through Congress a stimulus bill obscures its full implications. The measure represents the most ambitious effort in decades to swell public spending on domestic priorities such as education, infrastructure, and scientific research that many Democrats consider the foundation stones of sustained prosperity.
The Democratic plan . . . provides the biggest surge in long-term public investment since President Johnson's Great Society in the 1960s. . . .
[T]he bill also emphatically expands programs targeted more at the far term than the near term — from aid to schools in low-income areas ($13 billion) to expanded college loans ($16 billion) and scientific research ($10 billion). In normal times, Congress might never enlarge so many programs at once. But, as with Reagan's tax cut, the crisis-induced demand for action may suspend the normal laws of political gravity — and allow Democrats to redirect federal priorities as boldly as Reagan did. "This is a once-in-a-25-year opportunity to [implement] a lot of our agenda," a top House Democratic aide says.
How big is the "stimulus"? Bigger than any program or war in history.
The stimulus will undo two decades of welfare reform.
Via Insty:
For the amount spent we could have given every unemployed person in the United States roughly $75,000.
We could give every person who had lost a job and is now passing through long-term unemployment of six months or longer roughly $300,000.
There has been pork barrel politics since there has been politics. The scale of this pork is beyond what had ever been imagined before — and no one can be sure it will actually do much stimulation.
Wall Street didn’t have Obama’s chutzpah. And it didn’t do nearly the damage to the nation that this bill will do. (Via Dan Riehl).
Via SDA:
The U.S. National Debt was $930 billion in 1980, or 33% of GDP. Today it is $10.7 trillion, or 76% of GDP. The National Debt has grown by 1,150% in 28 years. With the planned fiscal stimulus (taxing future generations), the National Debt will reach 100% of GDP during the Obama administration. When Argentina’s economy collapsed in 1998, their National Debt as a percentage of GDP was 65%. The Great Deniers say we are not Argentina. They say we are safe because the U.S. dollar is the reserve currency of the world. This is like jumping off a 20 story building and as you pass the 10th floor someone yells out the window asking how you are doing. You answer, “Good, so far”.
