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The Evidence is In -
the Stimulus Package Won't Work...!

[COMMENT:  It will not work, not only for the below reasons, but because such an enormous stimulus package means "printing" more money, which always causes inflation, and which therefore shifts the debt to our children and grandchildren.  We have a new and painless way of printing money now, just a few keystrokes and the click of a mouse, and voila!, we have enormous sums of money "deposited" into the federal account to spend.  It is called "credit". 

The money supply is thus inflated, but no new goods are thereby produced.  More money is competing for the same amount of goods.  And so prices are driven up.  Irrationally.   The money is not be "loaned" by the government, the government is skimming the money off the public by diluting the worth of the money in circulation to "create" the new money. 

The evidence below and above may be in, but will that stop anyone (Obama, et al) from doing it?   See also the Obama Bailout.    E. Fox]
 

 

D o w n s i z e r - D i s p a t c h

Subject: The evidence is in -- the stimulus package won't work

Congress wants to stimulate the economy by spending $30 billion on road repair and construction, but the Congressional Budget Office reports that . . .

* Less than $4 billion would enter the economy before 2010
* And less than $15 billion would be spent before 2013

If past recessions are any guide an economic recovery could begin, naturally, by the end of this year. This means that most of the spending proposed in the so-called stimulus package will come too late to serve its supposed purpose.

* Only 7% will be spent by the end of the current budget year
* Only one out of every seven dollars intended for energy projects will be spent in the next year and a half
* Only a quarter of the proposed clean water projects can be completed by October of next year
* Projects to provide broadband Internet to rural areas can't begin for years

We can debate whether government spending really stimulates the economy. We don't think it does. But now the debate is over whether the "stimulus" spending will come too late.

Congress has received these findings from the Congressional Budget Office, so why are they still pushing the massive stimulus package. They're doing what politicians do . . .

* President Bush exploited the 9-11 attack to do something he wanted to do anyway, invade Iraq
* Now the Democrats are exploiting the financial crisis to force through their own pet projects

Remember what President Obama's Chief of Staff, Rahm Emmanuel, said: "You never want a serious crisis to go to waste."

The politicians think they can get away with this because they don't think you know that the "stimulus" spending will come too late. But now you do know, and you must let Congress know that you know.

Use our quick and easy Educate the Powerful System to send Congress another message opposing the "stimulus" package.

Use your personal comments to tell them that you know about the report from the Congressional Budget Office saying that the spending will come too late.

Alert your friends to this evidence. Ask your friends to join you in telling Congress to reject the stimulus package.

Thank you for being a part of the growing Downsize DC Army.

Jim Babka
President
DownsizeDC.org, Inc.

D o w n s i z e r - D i s p a t c h
is the official email list of DownsizeDC.org, Inc. & Downsize DC Foundation

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Date Posted -  01/22/2008   -   Date Last Edited - 09/15/2012