Has anyone noticed that we are no longer worrying about the liquidity of the banks and are now concentrating on "shovel ready jobs"? In all honesty I do not understand why this stimulus package of $825 billion has become a massive pork barrel, or if you prefer, massive ear mark project.
The folks who know something about the types of projects being proposed are noting that it will take a long time to get them off the ground. The reason is simple; all the required paperwork will take months before one shovel is lifted in Obama's New, New Deal. Should we support this inept plan, a plan that has already been tried during the last Great Depression and has been found to be wanting. I say no but it is going to take a lot of calls from a lot of people to convince Republicans and Democrats alike that this plan, a plan that will increase our indebtedness, needs to meet an immediate demise.
Despite what the current leadership says, government spending will not solve our problems. Reducing our taxes, corporate, capital gains, and income, will put money in the hands of the populace. Getting rid of regulations will allow our business to operate in a free market place. Despite what the previous administration claimed, it was responsible for adding some 64,438 pages to the Federal Registry in 2001. In 2007 it added 78,000 pages. Nicholas Gillespie's editorial in last weekend's WSJ noted these increases and that they cost the American taxpayer $100 million a year. I would suggest that not only is the fox in charge of the hen house, he has obviously brought his entire family and made room for future generations of thieves.