Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

THE NEVER-ENDING PORK PARADE: 'STIMULATING' EVERYTHING BUT ECONOMY
NY Post ^ | July 4, 2009 | Jonah Goldberg

Posted on 07/04/2009 3:11:18 AM PDT by Scanian

THERE'S an old joke about a fantastic three- legged pig and a farmer. It comes in many versions. In some tellings, the pig saves the farmer's life. In another, it can talk. The punch line always comes after a visitor asks, "So how come he only has three legs?"

"Because," the farmer explains, "you don't want to eat a pig like that all at once."

More and more, it seems the Obama administration has just that attitude toward the economic crisis: doling out pork for as long as possible.

Recall the White House mantra of "never let a crisis go to waste." Though the economic implosion had specific causes stemming from the financial and housing markets and how they were regulated, President Obama insisted that the items on his campaign wish list -- overhauling health care, imposing carbon cap-and-trade and reforming education -- would be the real solutions to the crisis.

"The fact is, our economy did not fall into decline overnight," Obama told Congress in February. And only by "investing" in policies formulated years before "toxic asset" became household words could America get out of the crisis.

As a result, we're now stuck with some of the most absurdly counterproductive legislation imaginable. The national debt is growing faster than the GDP. According to the Congressional Budget Office, within 10 years Uncle Sam's publicly held debt will double to 82 percent of GDP. The CBO predicts that by 2038, our debt will be 200 percent of GDP. Debt siphons off growth for the simple reason that dollars go to paying it off rather than investing in something productive.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: bho44; bhostimulus; pork; porkulus

1 posted on 07/04/2009 3:11:18 AM PDT by Scanian
[ Post Reply | Private Reply | View Replies]

To: Scanian

Nazi Pelosi = Porky Pig


2 posted on 07/04/2009 3:21:56 AM PDT by broken_arrow1 (I regret that I have but one life to give for my country - Nathan Hale "Patriot")
[ Post Reply | Private Reply | To 1 | View Replies]

To: broken_arrow1
I don't believe there is such a thing as a bill passing through Congress without some sort of pork attached to it.

It's criminal that an essential bill cannot be passed without some greedy politician attaching a pork sandwich to it.

3 posted on 07/04/2009 3:45:09 AM PDT by Venturer
[ Post Reply | Private Reply | To 2 | View Replies]

To: broken_arrow1
miss piggy rene Pictures, Images and Photos
4 posted on 07/04/2009 4:53:33 AM PDT by Son House (President Øbama Turns His Back On The Oppressed During Their Darkest Hours)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Son House

Loved it! Thanks.


5 posted on 07/05/2009 7:33:12 AM PDT by broken_arrow1 (I regret that I have but one life to give for my country - Nathan Hale "Patriot")
[ Post Reply | Private Reply | To 4 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson