[quote]thunderbolt23 wrote:
Mufasa wrote:
One thing, though, Aragorn:
I firmly believe that with ANY President or Congress…“Right” or “Left”…you would have seen similar amounts of money spent when faced with the same crisis.
I simply don’t think that ANY President would have taken a “Let 'em burn” policy.
A fair point, and even many conservative economists thought a government-initiated stimulus was needed. So I think it is fair to say we would have gotten a fairly significant government response regardless of who occupied the White House.
The difference is this - the current administration isn’t terribly interested in a stimulus. If it was, the Recovery Act would have been drafted mechanically as a stimulus - a huge influx of money right now - when the economy is teetering - to act as an adrenaline shot.
That isn’t what was drafted and passed - under the Recovery Act, barely 20% (according to last count) will be allotted for the immediate fiscal year, and all 20% won’t even be spent. That ain’t a stimulus package, even if you think one is a good idea.
Secondly, definitionally, you don’t need a stimulus package if the economy is humming along nicely, but by Obama’s own numbers, the economy was to be going at 3% after the immediate year. An economy growing at 3% doesn’t need a stimulus, but around 80% of the Recovery Act is paid out when the economy is doing fine, and that is according to Obama’s own numbers, not someone else.
So, I don’t mind that concept that a bunch of money was going to paid out - inevitable. What we see here is the most cynical form of politics: using an emergency to pass legislation that has a different agenda, all the while advertising it as something to deal with the emergency.
This is bad news because it is cynical, deceitful politics and, at its base, it is lousy governing: the complete lack of stewardship over our economy coupled with the unsustainability of the administration’s ideas are signs of a very severe problem in need of correction.
If Obama had campaigned on the policy choices that he has made in his brief tenure as President, I’d guarantee you a year’s supply of Surge that he would not have been elected.[/quote]
Great points, Bolt…
But one thing I bet you can also almost guarantee…that when this Act was being drafted, there were PLENTY of Senators and Representatives…Right and Left…pushing their way up to the Trough for their piece.
Mufasa