Stimulus package heading in wrong direction

The Duncan Banner ^ | March 6, 2009 | Ron Booth

[walkwu]

Unless you’ve been hiding under a rock, in a cave or off the coast of some island, you’ve heard about the stimulus plan.

What George W. Bush started, President Barack Obama is determined to finish. Think that is an insult to one or the other? That’s OK, because it is a slap to both.

Bush should have known better than to start us down this treacherous road of bailing out the fiscally irresponsible. Obama should know better than to continue down a path that was full of potholes and dips.

While Obama was running for his current office, we heard about what great change he was going to bring with him to the Oval Office.

A new day was dawning, and we had better want to be a part of it. Now we are bailing out the banking and auto industries. Instead of creating capital, we are creating a socialist economy, and I’m not the first person to say that.

http://www.duncanbanner.com/opinion/local_story_065101120.html

[geologist]

Many opinion articles/editorials are abounding now. Rightly so. What to do to stop this run away freight train?

Apparently the conservative members of the legislative are just as eager to pile on earmarks and pure pork at the liberals.

We must communicate with them ...’you will not win reelection in 2010. Forget about you living like kings. You are gone.’ And we must mean it.

No matter what they say ... look at what they do. Cut them off. Nothing else speaks to them. MO

[Ev Reeman]

The stimulus package was never meant to fix the economy. It was a spending pork laden heavily earmarked bill to begin with and then stayed that way. The stimulus package was a scam and a sham. The American people are quickly finding that out. Along with all the other massive spending bills Obambi wants.

[semantic]

As you are completely correct, you'll probably agree with my daily commercial: save more, spend less.

Hussein wishes to implement a 3-part takeover of the US economy:
1. Own the FIRE means of production (finance ie banks [Citi], insurance [AIG] & real estate [Fannie/Freddie])
2. Regulate/dispense/control health care
3. Direct/manage economy via energy (cap & trade)

These initiatives will only be successful if the Kenyan has sufficient tax revenues and adequate access to credit (Treasuries) to pay for his grandiose schemes.

Purposely slowing down the economy through a concerted effort to save more & spend less will help crater tax receipts. With falling revenues, -0- will be forced to borrow more to make up the shortfalls.

Escalating demand for debt (increased risk = increased prices of debt & higher interest rates), and a dawning realization that invested funds will not contribute to increased imports (Chinese perspective), will serve to detonate the bond market and dry up his ability to loan money.

No taxes and no Treasuries means the shiftless punk from ChiTown will be sh!t out of luck trying to take over our country. Wake up and get with the program. It's not really an option - we're literally in a fight for our lives. If we help breathe new life into the economy, we're merely funding the agents of our oppression.