Sarah, a commenter on a CNN.com news article, had this to say about Jack Cafferty's criticism of the 'Stimulus Bill' being signed today by Pres. Obama: "This kind of negativity is the last thing this country needs. If you don't have something positively constructive to say wouldn't it be best to say nothing at all?"
Well Sarah - cover your eyes... 'cause this is going to be negative, and it needs to be said over and over again until you damned liberals get it into your thick skulls: DEMAND-SIDE ECONOMICS IS NOT THE ANSWER.
Obamahood and his band of Merry-Congressmen are selling poor economic theory to the tired and droopy eyed American people - the idea the Keynesian Economics is going to pull our country out of an economic recession. The same attempt was made during the 30's, and did nothing more than further stagnate the economy... it wasn't until the war machine sprang to life that the American economy began turning around - providing the readily available supply of raw material, innovation, and production capable from our country at the time.
Keynes (the father of Keynesian Economic Theory) argued that the solution to depression was to stimulate the economy ("inducement to invest") through some combination of two approaches: a reduction in interest rates, and government investment in infrastructure. The short term result would indicate some movement of money and job creation... but the reality is massive devaluation of the currency through inflation, and job loss/stagnation in other sectors of the economy.
The theory is simple - the government injects "stimulus money" into the economy - a series of infrastructure jobs and pet projects - such as an $8 Billion high-speed rail line between LA and Las Vegas (home to Sen. Reid - pet project anyone?), or a bridge to nowhere... Jobs are created for these "shovel ready" jobs... but the money must be taken out of other sectors of the economy - through higher taxation of other individuals - or in our case, ANOTHER DAMNED LOAN FROM CHINA.
The cause of the economic crisis is NOT because government didn't do enough... it is because government over-regulated, made impossible demands on banks and other sectors, and then waiting for the implosion - so they could swoop in and clean up the mess with "the only solution left - Nationalization"...
Friends, family, and readers alike - I echo the words of Jack Cafferty: "Why am I not surprised? Congress lying to the American people has become part of their job description. They can't be trusted on anything anymore."
Congress' approval rating is still in the tank - mustering a pathetic 30%.
Obama's approval ratings have slipped from nearly 80% to nearly %60 in under one month in office.
62% of Americans STILL believe we are heading in the wrong direction in America.
While the general disdain for government is unchanged, and the unease of Americans remains the same, there is n'er an outcry against this bulldozer of Socialism being signed into law today, nor is there question why Republicans in the Senate are calling for the Nationalization of the Banks... Americans are witness to the peaceful transition from a once free society, to that of permanent government rule.
Welcome, friends, to the New United States, one nation, under Socialist Rule, with handouts and health care for all.