Posted on 01/28/2009 7:59:43 PM PST by GOP_Lady
There's a serious debate in this country as to how best to end the recession. The average recession will last five to 11 months; the average recovery will last six years. Recessions will end on their own if they're left alone. What can make the recession worse is the wrong kind of government intervention.
I believe the wrong kind is precisely what President Barack Obama has proposed. I don't believe his is a "stimulus plan" at all -- I don't think it stimulates anything but the Democratic Party. This "porkulus" bill is designed to repair the Democratic Party's power losses from the 1990s forward, and to cement the party's majority power for decades.
(Excerpt) Read more at online.wsj.com ...
Diddo!
Rush In A Hurry, PING!
From grassfire email
$2.4 billion carbon capture products...
$4.19 billion for ACORN and other bogus “community organizing” groups...
$650 million digital tv conversion...
$79 billion to bail out the state education system...
Hundreds of millions for family planning...
$400 million global warming research...
$50 million for the National Endowment for the Arts...
$200 million to refurbish the National Mall...
And the bill is not even a stimulus! Just 1% of the so-called stimulus is for tax cuts for small businesses. And according to the Congressional Budget Office, two thirds of the stimulus will not even be spent for nearly two years!
Unbelievable! It’s insanity.
Why do we never have enough money for Tax Cuts but always have enough money to spend?
Pray for America, Our Troops and The Truth
Especially this hideous crappola!!! Judas Priest!!!
Rush Limbaugh has been hauling ass lately.
DITTO
Jason Lewis lectures on econ 101.
Here’s an oversimplified point, but it’s still valid.
The large public corporations have been trained over past decades to be lean and mean. Sure there are excesses, but in essence they have cut well past the fat and into the muscle and bone, all driven by quarter-by-quarter management to appease Wall St.
My point is: They wouldn’t know how to spend stimulus money if Obama gave it to them tomorrow. Their first impulse would be to buy back their own stock so their personal holding are worth more. It’s not like Boeing is sitting a a stack of plans for new airplanes they’d just love to build if they only had the money. They could hire some engineers back and start to design new ones, but it would be years before the impact even hit the bottom line. They know how to cut, cut, cut - but they don’t know how to grow significantly in a short period of time.
Neither does the government, they don’t even have enough bureaucrats (who of course are overworked and underpaid as it is) to dole out $1,000 for ever $1 they do today.
Obamas going to have to give money directly to taxpayers. Cutting tax rates would be the quickest way. Change the withholding schedule and those dollars would start to flow into the economy in 2 weeks.
I believe the wrong kind is precisely what President Barack Obama has proposed. I don't believe his is a "stimulus plan" at all -- I don't think it stimulates anything but the Democratic Party. This "porkulus" bill is designed to repair the Democratic Party's power losses from the 1990s forward, and to cement the party's majority power for decades."
This needed to be said. Let's see how Washington and the media react tomorrow.
I love this idea; because it will work and it’s fair to all people.
OUTSTANDING job on the keywords, everybody! Thanks!
Tax cuts for business makes any and all output levels more profitable, and means the ability to hire more people in response to enhanced demand from the tax cuts. Forget the pork...do the whole thing via tax cuts.
Very good article by Rush. Thanks for posting. Rush Limbaugh for President!
As I have posted previously Rush’s plan shows how economically illiterate the O is.
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