This of course is not news - any time a program is designed to aid other political organizations, and this is exactly what it was intended to do, it will fail, we know this when the money went to support state government unions to keep them employed and voting democrat.
The stimulus was a complete and total failure. But maybe the bigger failure was most of the voting public couldn't see the failure because of the main stream media managing the information to protect the party of the Mr Obama and themselves from being seen a failures.
The 2012 election is proof the voting public was ignorant or worse didn't care the progressive used $852 billions dollars as a campaign slush fund for getting and keeping progressive democrats in power.
So where does the biggest responsibility come to rest for the stimulus failure? Is it the media lying or the voter believing the lie? It's really all about voter negligence. So as a result of the voter ignorance and apathy, we are headed into economic ruin. Can we blame Mr Obama and the progressive socialist liberal left democrats, sure, but who put these people in power in the first place, the voting public.
When the letter comes telling you your health care plan, that you have had for decades has been cancelled because it didn't conform to ObamaCare standards, no coverage for birth control for college coeds, or that a drug that is needed to cure your child is denied as your baby can not demonstrate any real contribution to society and that it is too expensive, the rewards for voting out of ignorance for progressive will, so to speak, come home to roust?
I wonder if then the voter will look in the mirror and find the problem that has destroyed his family and any future prosperity he thought he might have. What he will see is the root cause for failure, himself.
The Stimulus
Right Wisconsin - Published: 7:12 AM February 17, 2014
Today marks the 5th anniversary of the $830 billion stimulus package meant to save the American economy in 2009.
Five years ago today, President Barack Obama signed the American Recovery and Reinvestment Act into law. The $830 billion spending blowout was sold by the White House as a way to keep unemployment from rising above 8%. But the stimulus would fail on its own terms. 2009 marked the first of four straight years when unemployment averaged more than 8%. And of course the unemployment rate would have been even worse in those years and still today if so many people had not quit the labor force, driving labor-participation rates to 1970s levels.
The Obama White House had been egged on by liberal economists like Paul Krugman, who in November of 2008 recommended a stimulus of at least $600 billion. Team Obama worked with Democrats in Congress to exceed his minimum request by more than 30%. But after the failure of the stimulus the same liberal economists who had enthusiastically supported the plan would claim that its main flaw was that it was too small.
The Stimulus was a colossal and important failure. And it is profoundly important that we don't forget this failure so that we might not repeat it.
The Stimulus Bill is the Loser of the Day.
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