Sunday, June 28, 2009

The great fallacy

Obama's stimulus legislation is a great fallacy.

As reported in the Star-Tribune newspaper, 1/2 of 1% of the road construction funds are in use. $400,000 to synchronize traffic lights. How many long term jobs did that produce again? I fail to see all the jobs that were to be created by the "urgent" passing of this bill. Remember when the spending bill had to be passed right away even without time to read what it contained because Obama had to have it passed or the country would never recover? The only good I can see is that the votes of the UAW are probably going to him. Yeah, let's get gov't run health care, too. I want to see that move through the federal bureaucracy like this Bumbulus Bill here. But liberals always have a dumb excuse for everything.

If government spending was the way to a strong economy, the Soviet Union would have been an economic juggernaut. All of this public borrowing squeezes out private borrowing, which will in turn hurt economic growth. The government cannot create wealth it can only redistribute it.

And now, i find out that with the Minnesota Dept. of Transportation, 37 projects and the 124 jobs had NOTHING to do with the stimulus money. I read that the money was appropriated late last Summer by the DOT long before Obama took office. Last fall, the MnDOT announced the projects and new jobs that would be needed for those projects. They started taking applications for those jobs at the end of November and stated the jobs would start in or by April and that the money for those projects was already appropriated. The Star-Tribune has decided to make it look like those jobs and projects were part of the stimulus (imagine that). It takes months of planning for those projects and months to hire people for them and they mention the month of May like it all happened overnight. No jobs have been created and no jobs have been saved.

Any jobs created by the stimulus-pork bill appear to be temporary. This money will disappear and not be accounted for just like the money disappeared to the banks. Komrade Obama is giving money to the wrong people. People already on welfare and corporate heads don't create jobs, they just take the money and run. Money and tax breaks should have been given to working class Americans to spend as they see fit. This would stimulate the economy and the free market system would take care of itself. Obama's socialist-welfare programs are designed for political purposes by the government to take over corporations, banks, the internet, the media and to regulate and control every aspect of our free enterprise system and our lives. The nation has been taken over by a piece-of-shit socialist.

Change indeed.

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