Yet another BO promise broken (Page 3)

Except for the supply side economists, but they must be lumped in with the global warming nay sayers.

Most of you missed the point of my post.  The important question is question #2.  What happend when the "stimulus"funds dry up and the demand for the labor goes away?  Will we continue to"stimulate" the industry so that people can kep the jobs that the private sector could not support without stimulus funds?

Why are the Democrats so rushed on passing this bill that they didn't even want to debate it on the House floor yesterday?

Is it because they want it passed before the American people are on to the fact that this is nothing more than a 33% expansion of government at the expense of the private citizen?

It is certainly not because the money is getting into the economy any time soon. Here is the time table of expenditures. Note only 8% of the proposed funds are planned for this year. 

2009: 29.0
2010: 115.8
2011: 105.5
2012: 53.6
2013: 26.5
2014: 13.0
2015: 6.9
2016: 3.0
2017: 1.6
2018: 0.9
2019:0.4

Total: $356.0 billion
  

"Most of you missed the point of my post.  The important question is question #2.  What happend when the "stimulus"funds dry up and the demand for the labor goes away?  Will we continue to"stimulate" the industry so that people can kep the jobs that the private sector could not support without stimulus funds? "

The problem is it won't go away. Once a bureacratic system takes hold it is almost impossible to get rid of it. Government bureacracies primary job is to survive and grow and secondary job is to perform it's intended function. These two jobs conflict with one another because If it solved the problem it was established to do then there is no need for the bureaucracy.

There is no sunset provisions for the programs in the bill. This is not a one time spending bill to fix the economic malaise. This bill is a full on expansion of government to progress towards replacing the free market system. This bill is intended to progress the US towards socialist economic system, period.

And who is going to fill these job vacancies in - White Collar College Educated unemployed people putting asphalt down?

It is like when Hillary promised 10K new jobs in Western New York - Yeah all minimum wage type work.

What about the edumacated types out there that are losing jobs?

I keep hearing from "top economist" which is liberal speak for economist that pray to the Keynesian alter, as if Austrian economist are inferior cavemen, that the reason we need government to take over the economy is that if we just gave the money back to us then we would just pay down our debt. Well duh....the problem we are facing is that the economy has focus on consumerism for it's growth while we failed to give incentives for investment. Americans paying down debt will infuse economic activity in investments which will balance out our economic structure.

Well perhaps the American people are on to something here that the road to recovery is to stop leveraging our children's future? Too bad government can't take the hint.

Our founding fathers recognized that the American people will always be smarter that its' government. That principle still holds true today.

Yeah I got that it's called building a house of cards then hope the thing doesn't collapse when you stop the flow of Gov't money.  The alternative is to not stop the flow of money, that was my point.  We go from a housing buble to a Gov't created civils works bubble what happens when that bubble breaks?  We are right back here, Obama is out of office, and the new administration gets the blame.

Promises kept: Stealing with the intention of buying votes Redistribution of wealth

New Contradictions: All the whinning about how much the war cost and how high the Republicans have historicaly ran up the national debt.  This administration is wanting to print money at such an alarming rate that environmentalists are nervous about the trees being torn down.

This administration is off to the largest spending binge in history and what do you hear from the media?    

Now, I'm off to helping my kids find a new country where their parents generation didn't trash their future with irresponsible spending on the National Endowment for the Arts and contraceptives.

Here's to Hope and Change

Do people actually know who wrote this bill?  The executive branch didn't write the bill.  The legislative branch led the bill.  At this point, it is essentially Pelosi's bill.

Now what will happen is that it will go to the Senate, where are lot of the crapp and pork will get cut out, and another version will come back to the House, at which point it will likely get 40-50 Republican votes.  This is what happens.  This is the process.  It's not new.  It's not rocket science.  None of this should be a surprise to anyone. Obama is probably PO'ed about the bill.

To quote from a blog I read, "If I were Obama, I would be furious.  He expends his early political capital for a stimulus bill, and gets a total porked-up lobbyist’s-fantasy from the House."

So everyone untwist your panties, and let's all wait and see  what the final version of the bill looks like.  Sheesh.

My prediction is that the final version will make the current version of the bill look lean.  This bill has 30 years of pent-up liberalism just waiting to be spewed across the land.  Many of you know that the Wall Street Journal is reporting that only 12 cents per dollar in this bill are actually going to be spent to stimulate growth.  I guess that makes the other 88 cents worthless crap but to paraphrase Pelosi, you're getting what you voted for.

Oh and while you are trying to let BO off the hook, he's already talking about the next spendy stimulus package.

This is a funny statement. If you passed 7 of these bills you would get the amount of national debt that was ran up in the last 8 years. For now this is more than the Iraq war but that is still ongoing, with some people putting the true estimate at $2 trillion dollars. Also the money supply has been increasing for several months now, unless you think that it has only been skyrocketing in the last 10 days. The point of the increasing money supply is to try and stave off the deflationary pressures that were increasing.

 Well said...

The history of our gov't growth has followed the law of diminishing returns (they take 5 and give 1....take 7 and give 2) and the bureucrats will continue to "SELL" the American people a "bill" of goods in the guise of "Hope", "Change", "Stimulus" packages. 

Unfortunately...I think the voices of Ron Paul and other FISCAL conservatives will look back with an "I told you so"...

“We got into this mess by spending too much, borrowing too much and inflating too much. Government was too big and we had too many regulations. We had rejected the market economy for decades, we have rejected the notion of sound money for decades, and we got into a mess this way. So what is the proposal? Spend more money, borrow more money, print more money, regulate more, it makes no sense whatsoever.” Paul asserted. SOURCE

What's going to happen to the value of the dollar when all this is done?  China is already talking about evaluating it's investments in this country so while we are printing money, running up debt, trashing the dollar are you suggesting all this is good?  Your same arguement is easily used for all the bogus projects we are creating to "stimulate".  Many of the projects will need to be maintained like building commuter trains.  Where is that money coming from?  Other cash that's going to things that don't even create growth will fall under the umbrella of where do governement programs go to die?  They don't - they tend to live foreve.  Don't buy this stuff either that Pelosi is saying about this is a onetime thing.  Name anything the gov't has done that ends up being a one time thing.  These programs have more longevity than Bill Clinton's foreign cash flow.

I in no way shape or form support this bill and I didn't vote for Obama. Also I do think stopping deflation is incredibly important. The amount of money that Bernanke has pushed into the system could cause some hyper inflation in the US in the future, but for now it is more important to stop deflation.