Jul 30 2010
Finally – Government Data Shows Stimulus Bill Did Not Stimulate
Whoever got the lame brain idea government spending – fueled by running up massive deficits and debt – would ‘stimulate’ the economy is eating some crow now that the government’s own key indicators show no evidence of any stimulus:
The recovery lost momentum in the spring as growth slowed to a 2.4 percent pace, its most sluggish showing in nearly a year and too weak to drive down unemployment.
Consumers spent less, companies slowed their restocking of shelves and the nation’s trade deficit dragged more on the economy in the April-to-June quarter. In a separate report, the Commerce Department said the recession was deeper than previously estimated.
Together, the reports raise doubts about whether employers will hire enough and consumers will spend enough to invigorate the economy. As unemployment remains near double digits, Congress could feel pressure to pass more stimulus measures to speed the recovery. So far, Republicans and some Democrats have blocked additional spending because of their concerns about the size of the deficit.
Remember, this was the period when the stimulus was ‘designed’ to really kick in.
Good Lord! A 3rd grader can solve this equation. Cut government spending and cut taxes – permanently. Get the government out of every nook and cranny of our lives, we don’t need to pay bureaucrats to sit around and watch and measure and record as productive people do their thing. This is the core of liberal insanity – the need for an army of 20 ‘watchers’ to monitor the production of one American (not to mention the retirees living off the back of that worker).
This is what is meant by ‘unsustainable government burden’ or ‘deficits’. When the number of people feeding off the fruits of the productive hit a certain level the whole economy crashes. Unlike the picture above showing one lazy person being carried on the back of the average worker, the fact is today we have many people being carried on the backs of American workers. We have EPA investigators, EEO monitors, FDA monitors, FCC procedures, IRS investigators and paperwork, Dept. of Education programs, Dept. of Energy programs, Park Rangers, our entire national defense system, dog park make-work programs, teacher and other government sector union subsidies, Medicaid, and who knows how many seniors citizens – all riding on the backs of the free market workers.
The American worker and small business owner is on its knees, buckling under the pressure of all these socialist leeches. This is the year we realize that the best way to stimulate the economy is to take much of the massive and wasteful load off the backs of average American workers and business owners. We need less watchers and more doers. We need to cut back on government – across the board.
Wow – nice pic! Elena Kagan hasn’t even been confirmed yet, and there’s already a statue of her!
I do believe that all of the dems were absolutely convinced that the stimulus was really going to work – they drank the koolaid, and now that it’s turned sour they are lost. All they know how to do is to call for more Koolaid.
[…] This post was mentioned on Twitter by Free To Prosper, AJ Strata. AJ Strata said: new: Finally – Government Data Shows Stimulus Bill Did Not Stimulate http://strata-sphere.com/blog/index.php/archives/13832 […]
[…] As AJStrata points out, contrary to those lame brain fools (Barack Obama included) who had the idea government spending — fueled by running up massive deficits and debt — would ’stimulate’ the economy have to eat some crow now that the government’s own key indicators show no evidence of any stimulus. […]
[…] AJ Strata writes, “…this was the period when the stimulus was ‘designed’ to really kick […]
It was all a big lie….the stimulus was never intended to stimulate the economy, it was meant to take care of those who had spotty work records or who worked but needed more schooling to get better jobs. It went to shore up union health insurance and jobs unions do. It was intended to pay for those programs that we have not been able to afford, like bike tracks, and parks and refitting buildings, and jump start the new green economy. It was thrown around to every Tom, Dick and Harry who had been left out of the last growth cycle by hard working Americans. It was given to states to pay teachers, firemen, and the police because like California they are out of money. But it only put off the inevitable for another year, because those same people still can’t be paid by the broke states. It was a make work program and now it is over, one trillion dollars later and it is a big failure. Obama is bragging about the car companies he saved, $60 billion dollars later and a car is made that probably is an Edsel and costs $41,000. It can go for 40 miles, 40 miles before it needs to be plugged in to a 240 volt plug. We all have them in the driveway, I’m sure.
Then Obama thinks that $1 trillion dollars of “free” care is going to bring down the costs of medical care, but the rules won’t be written for years, so we can’t know what will really be the cost. But any non-educated Harvard person, knows that it will not be cheaper, as everybody insurance has already gone up preparing for the inevitable.
Then the banking rules are changed, but they are still being written, so we don’t know what will happen.
We do know homes are foreclosing, employment is still sky high and banks aren’t lending. We have no Federal Budget for next year, we don’t know the tax rate and we are doing what any normal person would do with all the unknowns, we hunker down and prepare options for the worst case scenarios. Maybe a Harvard student would have another plan?
I think the government needs less thinking and more gut!
[…] to resign – hotair.com 07/30/2010 Just an old fashioned (self-)love song. more… Finally – Government Data Shows Stimulus Bill Did Not Stimulate – strata-sphere.com 07/30/2010 Whoever got the lame brain idea government spending – […]
That is, in the last paragraph, “unemployment” is sky high.
The question is will there still be a productive US economy in the future? I think the idiot Democrats may have finally broke it. Turning Japanese, I think we’re turning Japanese, I really think so….