Monday, February 9, 2009

The Spendulous Bill

The government is trying to stimulate the terrible economy, this we all know. However, the bill that was pushed through the senate is so packed with pork, there is little doubt it will do anything at all to "create new jobs" and provide for immediate growth of the economy. On top of that, Pres. Obama was recently seen condemning opposition to the bill, telling Repubs that there is "a gaping whole in our economy" that must be fixed now. "We've had a good debate." Obama said, "Now it is time to act."
Though the Senate rejoiced and made a big deal about cutting out $110 billion in pork, you have to realize that the bill was $820 billion when sent to them from the House. It is now $827 billion dollars, an obvious $7 billion more than the original bill. Yay! We added more taxpayer money! The only thing that the Senate has done is add more pork to an already stuffed bill.
Interestingly enough, the bill boasts of creating new jobs, while it contains unemployment benefits. Brilliant! Lets make new jobs but reward those who have none.
Obama and co. keep talking about bipartisanship and "reaching across the aisle". It's why and how he got elected. However, his administration continues to send a "we won, now it's our turn" message. Obama rejected calls for tax breaks (which would offer immediate incentive for consumers to spend rather than to save), hailing them as, "the failed theories of the last eight years that got us into this fix in the first place."
Wait...what?
Tax breaks are now the cause of economic downturn? What about the deregulation of Wall Street, Fanny Mae and Freddy Mac (which, by the way, was called for by the democratic congress in 2006)? What about the billionaire execs that gave their offices million-dollar makeovers? What about the millions of foreclosures happening around the country because greedy lenders gave unqualified buyers huge loans that they couldn't pay off? What about the government officials Obama elected to his cabinet with hundreds of thousands of dollars in back-taxes?
I'm not pointing fingers. I'm just saying that if you're going to be bipartisan, be bipartisan. If you're gonna be partisan like Pelosi and co., then stick with that.
And stop stuffing pork into an already overfed and ineffective "stimulus bill".

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