Thursday, February 19, 2009

This 'stimulus money' will stimulate just as 'protection money' protects - Chicago Politics at Work

The stimulus bill just passed has hurt us beyond belief. It was so ill advised. Now the automakers are coming back, the drunken sailor needs more money to stay drunk. Time to sober up. From the Wall Street Journal:

Only in the world of politics does one "tar" an issue by calling a spending bill a spending bill. But Republicans and conservative activists are doing more than that. They're denouncing the bill's enormous size – larger than the combined cost of the wars in Iraq and Afghanistan up until now! They're also focusing on how it's light on actual "stimulus" items and heavy on grants pleasing traditional Democrat special interest groups.

Economist and blogger Robert Brusca estimated that only about 24 percent of the spending in the Senate plan can be categorized accurately as "stimulus," and the rest is either "cushion" for the hard times, or categorized as "agenda" spending, advancing Democratic policy dreams. Even the stimulus is delayed, he quipped: "Does the administration go to Hallmark and buy us taxpayers a belated stimulus card?...This is no Muhammad Ali plan (float like a butterfly, sting like a bee). It's more like float like a lead balloon, bite like a flea."

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