Friday, March 07, 2008

Stimulus

Stimulus package - yeah, that's the ticket. You can almost hear Jon Lovitz deliver the line. A stimulus package will turn around all the years of fiscal misconduct and everything will be fine very soon. Yes, and we're "winning the war" too. Funny that this flies in the face of non-interventionist dogma; funny that if anyone else had suggested it, they'd be screaming epithets at Liberals. Of course you're all too young or were busy watching sports when this tripe was given us a generation ago and of course you want to believe it, so you will.

The The Fed moved today to add as much as $200 billion to the banking system this month to offset the credit crunch so that the borrowing can continue in the private sector so that we can borrow our way out of the mess borrowing got us into. That and of course, the gargantuan Bush administration borrowing to finance spending that is not particularly beneficial to our economy, but just because we're losing jobs, trading good jobs for subsistence jobs; just because the 9 trillion dollars owned by foreigners are being dumped on the market in favor of Yen and Euros and gold; just because so many people in my area who were living well a few years ago are now bagging groceries at Publix and living in trailers; just because nothing really promises to stem the wave of foreclosures or the rise of oil prices, doesn't mean we can use the R word, does it?

"There are indicators suggesting that growth will pick up and pick up quickly. So the question is how quickly will it pick up" said Edward Lazear, chairman of the White House Council of Economic Advisers today. Did those indications come from the same kind of deep thinkers who predicted we'd be greeted with roses in the streets of Baghdad and who assured us that Saddam had stockpiles of chemical weapons and nukes ready to be bolted together like an erector set?

But hey - elect another Republigoon for all I care. I always wanted to live in a third world country anyway.

3 comments:

Buffalo said...

I'm still waiting for someone to explain to me how all these stimulus proposals are supposed to cure the problem. They surely don't make a lick of sense to me.

Capt. Fogg said...

Oh it's easy, give enough money to the billionaires and it will trickle down to Liechtenstein, but it will be OK if we just keep borrowing.

Buffalo said...

Yeah. Right. Giants, ogres, virgins, honest politicians, altruistic billionaires and other mythical creatures.