Thursday, December 10, 2009

A Second Stimulus

Is he crazy or just plain stupid? Obama is now talking about a second Stimulus to create jobs. Yeah, sure, wasn't that the whole point of the ORIGINAL Stimulus? Is that what the "brain trust" came up with in their conference on jobs the other day? Did you notice that those who attended had no experience in the private sector creating jobs?

Obama did not invite the Chamber of Commerce, or any small business people whatsoever. Funny, but aren't they the ones who create the new jobs in America? Do you think that UNIONS create jobs? They were all there in force.

So let's get it straight. Obama has just spent $1.6 Trillion dollars in his first 10 months in office. Some of these bailouts were used to create "shovel ready jobs." However, upon close inspection, the Stimulus only spent 3-4% on roads and bridges. Where did the rest of the Stimulus money go? So much for promises.

Are you aware that the bulk of the remaining Stimulus is not scheduled to be spent until just before the mid-term elections. Huh? We were being forced to accept the Stimulus and have it jammed down our throats because "we needed the money immediately". Now we discover that over 2/3 of the Stimulus monies are not available until a year after we approved it? Does this make any sense? Were we lied to or is this something they forgot to explain?

To make matters worse, now we are finding out that after telling us that if we didn't get the Stimulus we would see unemployment reach 8.5%. OK, so we gave in to keep unemployment down. So now unemployment has reached 10.2%! Wow, that makes a lot of sense. How much of this crap are we going to put up with?

Obama's Stimulus did NOT create ANY jobs. Where did the money go? It went to special interest groups and to more entitlements. Cash for Clunkers ring a bell? First time home buyers discounts ring another bell? What a terrible waste of money.

The latest brainstorm idea is to take TARP money that companies have paid back and spend it for the Second Stimulus. Hey Obama, this isn't YOUR special slush fund! Those are taxpayer dollars you are throwing around! You need to take the take the returned TARP funds and pay off the deficit instead. Try being FRUGAL for a change. Besides, you do NOT have Constitutional authority to spend that money anyway. Oh, that's right, you IGNORE the Constitution!

The idiots who believe you can spend your way out of a recession are destroying the US dollar. This in-turn is destroying the American way of life and the traditional American life style.

Action To Take
Let the White House know you do not want more spending. Complain about using returned TARP payments for more spending on ideas that don't create jobs.