Hold The Stimulus And Pass The Tea
posted at 4:54 pm on September 6, 2010 by Doctor Zero
President Obama “unveiled” his new “stimulus” plan in Wisconsin today. It was a lot like watching an alcoholic unveil his new plan to get sober by switching to lite beer:
We’re going to “fire up sluggish economic growth” by plowing another fifty billion deficit dollars into roads, rail, and airports? It’s hard to believe even the American media would be lazy enough to write such a headline with a straight face.
Does anyone seriously think our economy is just waiting for another fifty billion dollars’ worth of roads to come roaring back to life? I guess business owners have all sorts of property staked out for new factories and shops. They’re just waiting for someone to build roads leading to them. Does all of this Administration’s economic knowledge come from playing “Sim City” computer games?
In the fading days of the Democrats’ disastrous reign, we’ve come to a moment when they’re begging us to let them “create economic activity” by hiring one more team of union excavators to dig some random holes, and one more team of union construction workers to fill them right back in.
State governments are still sitting on hundreds of billions in unspent money from the first massive “stimulus” plan. Why can’t they cut a few bucks out of their slush funds to build these desperately needed roads and airports? If nearly $800 billion in madcap government spending produced nothing but massive unemployment, plus a bumper crop of road signs touting the glory of the stimulus plan, what good is another $50 billion going to do?
The Administration assures us its little espresso shot of new stimulus spending will be revenue neutral, paid for by “ending tax breaks for oil and gas companies.” Oh, that’s just wonderful. Those tax hikes on oil and gas will be passed directly along to the consumer, in addition to hindering investment in the development of new energy resources. The last thing a fragile, recessionary economy needs is an increase in energy costs. I’m all in favor of tax simplification, but it has to be across the board. Adding another few thousand pages to our ridiculous tax laws, to target unpopular companies for cash to fund more pork spending, plays up the worst aspects of a dysfunctional system.
We don’t need any more control from this incompetent Administration. We don’t trust them to pick winners and losers in our economy, deciding which industries should be penalized to fund their latest hare-brained schemes. We would be fools to trust them with another dime of our money. They’re insane if they think an electorate prepared to sweep the President’s party out of office would be excited by the thought of purchasing another fifty billion dollars’ worth of failure.
The GOP should make it clear that any further spending from this Administration, including any wild schemes hatched during the lame-duck session of Congress, will be zeroed out when the new Republican Congress convenes. It’s remarkable to note that, after two years of world-record deficits from unrestrained spending, this President has not proposed a single idea that would reduce the size or scope of our bloated government. He needs to be sent a message that government will now be reduced. It doesn’t need to chow down on another fifty billion donuts before its crash diet begins.
No more taxes. No more spending. Hold the stimulus, and pass the Boston Harbor tea, please.
Cross-posted at www.doczero.org.
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To pay for the stimulus I suggest we tax things young Obama voters buy. 100 percent sales tax on cell phones and vide games.
PrezHussein on September 6, 2010 at 5:04 PM
Stop talking about our glorious president like a dog. Or about his programs like they’re dogs. Or about the administration like it’s a kennel. Or congress like it’s a pound.
cthulhu on September 6, 2010 at 5:26 PM
Well said, Dr. Z. One detail you omitted, touched upon here, is Obama’s plan to create a permanent “infrastructure bank” to fund national and regional infrastructure projects. In his world, the next best to squandering taxpayers’ money is increasing the size of government.
Howard Portnoy on September 6, 2010 at 5:29 PM
Did you hear his incredible comment, when referring to the Republics he said that they talk about him like he is a dog and that this was an unprepared comment.
He losing his mind.
Dhuka on September 6, 2010 at 5:46 PM
Right on,
Cthulhu,
love your crafty-ness.
Dhuka on September 6, 2010 at 5:48 PM
Break the democrats in half this November
For America and me
Cheshire Cat on September 6, 2010 at 6:13 PM
I would add “for any reason whatsoever” to both those statements.
No more pet projects for either side. Learning to spend less than the current national income level is a must for the Ds and Rs alike; if they can’t do that they are totally unfit to lead.
Dark-Star on September 6, 2010 at 6:31 PM
Doc, love that you are writing so often.
publiuspen on September 6, 2010 at 7:48 PM
It’s like weekend with Bernie … He hasn’t a clue what to do … But it sure isn’t spending more money. If 862 billion didn’t do it another 50 isn’t going to do anything, except waste another 50 big. Slush funds do not an economy make.
In fact it’s beginning to look like advertising the donks lies isn’t going to win either …
tarpon on September 6, 2010 at 10:01 PM
heh
good piece Dr Z
cmsinaz on September 7, 2010 at 7:52 AM
Merovign on September 7, 2010 at 8:57 AM
Maybe the oppressives have a special version where the whole thing is turbocharged when the government takes from the private sector and uses it to buy votes?
You can imagine them in the WH, scratching their collective heads,muttering hey! it worked In the simulation, why doesn’t it work in reality?
Chip on September 7, 2010 at 10:36 AM
To destroy the Democrats latest little line of propaganda, I am willing to prolong the deficit for tax burden reduction across the board.
The Federal Government reducing the amount of money it takes away from the private sector, or a national security emergency, are the only things that I can tolerate deficit spending for at this point.
They are pushing the line that the act of extending the Bush tax cuts will cost the Treasury x amount of money, as if they can claim the money they haven’t yet collected through tax rates that don’t currently exist already belongs to them and is in the budget, and they will be counting that as a loss.
IT’S NOT YOUR DAMN MONEY.
Do these people consider the GDP to be theirs, and they negotiate how much they will allow us to subsist on?
Sounds like a Stalinist 5 Year Plan.
Brian1972 on September 7, 2010 at 12:54 PM
You are more correct than you would wish to be.
The White House Economic Team really do have a theory that every dollar of stimulus injected into the economy produces a dollar and a half of economic activity.
It is true, no joke.
They really think that they get a magical %50 extra money from this crap.
If this is what Ivy League degrees get you, we should burn them all down before they consume the whole country with idiocy.
Brian1972 on September 7, 2010 at 12:57 PM
Yes, but most assuredly by now the Oppressives ( using that instead of the inherently deceptive “Progressive”) should be coming to the realization that their models are messed up and that they need to come up with a workable plan and give up on their dreams of a Marxist dystopia.
Chip on September 7, 2010 at 1:55 PM
Doc, I detect a sense of frustration and urgency in today’s post. I’ll get to the point.
At least Sim City could be rebooted at any time. And…
Great, just when all of them need all the breaks they can get since the last couple of blowouts have put drilling, safety retraining, API updated manuals & more training, new geologic studies, re-engineering, and foreign lawyer overtime due to the sudden re-interest in only drilling overseas, we sure need to end those onerous tax breaks, doncha know. Unless of course we can only employee SEIU oilworkers. /s
Robert17 on September 7, 2010 at 3:42 PM