Son of Stimulus - This Time It's Personal
By Carole on Jan 4, 2010
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When President Obama and the Democrats in Congress pushed through their $787 billion stimulus package early last year it was at least remotely possible they really believed it would stimulate the economy and create jobs. But soon after it was rammed through the legislative process the promises of creating jobs became claims of saving them and the 8% unemployment rate the bill was supposed to prevent skyrocketed to over 10%. Now those same Democrats want to squander even more taxpayer money on a phony job-creating bill.
Continued...
The "Jobs for Main Street Act" was narrowly passed by the House (217-212) without a single Republican vote in that body's final vote of 2009. The bill has a $174 billion price tag which Democrats want to partially pay by diverting $75 billion from the Wall Street bailout fund. Unfortunately for them unused bailout money was supposed to be used to reduce the deficit but why let a little thing link a previous committeemen get in the way of spending more money they don't have?
Cost aside, why should anyone believe this job creation bill should have any more effect that it's predecessor which is why the bill has earned the nickname "Son of Stimulus" from it's detractors. Like that $757 billion spending monstrosity, the only hope this bill has of creating jobs is to grow government bureaucracy and create more positions for bureaucrats. Great for big government enthusiasts, not so great for fans of the US economy.
As this rotten piece of legislation makes its way to the Senate, any Senator thinking of giving the Obama/Pelosi/Reid team the benefit of the doubt one more time should remember that new old adage: Fool me once, shame on you. Fool me twice and I don't have a snowball's chance in hell of getting re-elected.
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