Stimulus - The Need for Them and Their Effects
Two years ago, the alarm bells went off about the H1N1 virus. It was going to be the worst flu strain in a century. Millions would die. Everyone in the "mainstream" scientific community agreed. Based on all the science, it was labeled a pandemic. No flu vaccines capable of handling this new strain existed, but government spent billions to help cultivate and purchase these vaccines once they finally were developed.
What happened? The "mainstream" scientific community was dead wrong. The flu turned out to be much milder than the normal, garden-variety flu. Skeptical citizens knew this early on as the death toll numbers that scientists convinced everyone they would see never materialized. Now, panels are quietly investigating how the conventional wisdom and all of these respected scientists could have been so wrong.
And the dire H1N1 warnings were all supposedly based on legitimate science.
Now, we come to the multiple "Stimulus" efforts that have been deployed, and the new ones that are being proposed. Conventional wisdom, based on what the media feeds us, is that stimulus programs were necessary because we were in a recession. But, we've been in many other recessions and came out of them without anything that approaches the massive spending done by this administration. Yes, they claim, but this recession was [I]really[/I] bad, and desperate times call for desperate measures. Not so fast. The recession now is [I]really[/I] bad, based on its length and the unemployment rate alone, but those were the things all this stimulus spending was supposed to fix. The only response you generally get is, "well, it would have been worse without the massive spending. " There's nothing to back it up.
The only "science" that suggests these programs were necessary or even worthwhile are based on economics. They call economics "the dismal science" for a reason: It got its name after Thomas Malthus projected that population growth would cause a parade of horribles, eventually leading to starvation and death for much of mankind. He was dead wrong, and the name stuck, if only as a reminder that economic models are notoriously inaccurate.
So, why does anyone take it seriously when the current administration, based on so-called "expert" economists, concludes that any of the stimulus packages were necessary? To the extent that any of these "experts" provide any basis for their conclusions, it almost invariably is predicated on some Keynesian economic principle that is questionable [I]at best[/I]. Real world data debunks nearly every Keynesian theory. It's junk science, yet we're led to believe that billions in spending was and is necessary because these junk scientists tell us so.
What proof is there that these Stimulus programs were unnecessary? Of course it's impossible to "prove" now, but the best evidence is historical. In only one recession have we even approached the record level of stimulus and deficit spending that has been happening. It's called "the Great Depression, " and it lasted longer and was deeper than any other recession. By comparison, Europe did not engage in anywhere near the government stimulus FDR rammed through (measured as a percentage of GDP), and its economies recovered more quickly and its unemployment rate stayed lower at all points than the USA. In all other recessions, we have not spent anywhere near what this team has, and we suffered less (measured in nearly any way possible) and emerged more quickly. So, you can't conclusively prove what would have happened without the massive stimulus, but the smart money bets on experience.
So, if it's not the junk scientists with their demonstrably false Keynesian models, then who should we believe as to why stimulus spending is necessary? Obama and Geithner? Geithner's the same guy who either can't figure out how to pay his taxes, or was attempting to evade them. We've either got a buffoon or a crook running Treasury, yet we're supposed to trust him to spend nearly a trillion dollars wisely. This is the same pair who went to the G-20 meeting in June to trumpet the success of the USA stimulus packages and to chide Europe for even thinking about cutting spending to get their budgets in line. [url]http://www.businessweek.com/news/2010-06-26/geithner-says-g-20-needs-focus-on-domestic-demand-not-deficits.html[/url]
They were laughed out of the room by European leaders, particularly Germany, which cut spending instead. Turns out, Germany had the first and last laugh. Their economy is healthy by all accounts, while the Obama/Geithner Stimulus has succeeded only in driving up the deficit. The Obama-led Stiimulus does feed his arguments, though: He claims we [I]can't afford[/I] tax cuts for the wealthy. Why not? Well, because he was so busy blowing our wad on worthless Stimulus projects. (He usually forgets that last part in his stump speeches.)
These are the sorts of issues that are driving the Tea Party. It's one thing to raise taxes for worthwhile projects. But, taking other people's money is justified only when the government gets its house in order and cuts all the wasteful spending that is abundantly apparent. ObamaCare and cash for clunkers are but two of many examples, and they are on top of the worthless Stimulus programs. Obama's "wish list" spending proposal today is just more evidence. Dems may think that the Tea Party is driving a wedge between the Republican party. But, the truth is, the Tea Party is symptomatic of the general disgust at the misguided policies and wasteful spending that has occurred and is still being proposed by this administration. Absent this, the Tea Party wouldn't exist. Come November, thankfully, we'll be done with all of these ludicrous stimulus proposals, brought forth by a team that couldn't govern its way out of a paper bag.
I think that you will be surprised
[QUOTE=Esten; 412342]Glad to hear I made someone laugh!
BTW, do you realize that a woman who advocates abstinence and a righteous lifestyle just ruined any chance you might have had to fuck a Madahos hottie at my expense? [/QUOTE]Despite the noise around the race, Delaware is in play with O'Donnell as the republican candidate.
Once again, I don't count my chickens before they hatch and I do not believe that control of the Senate this fall is required to legitimize the conservative ascendancy (while it may be a condition of your bet).
The Republicans could wind up with 53 (that's right 53) seats in the Senate with both DE and CT in play (I am saying that they are both in play, although I am not hearing many others say that).
I am sure you have heard the expression "A rising tide lifts all boats. " Think of this more as a ten foot tidal bore.
It's never over till it's over!
[QUOTE=Esten; 412342]Glad to hear I made someone laugh!
BTW, do you realize that a woman who advocates abstinence and a righteous lifestyle just ruined any chance you might have had to fuck a Madahos hottie at my expense? [/QUOTE]There may be a few more surprises left that get me to that 50 number. Time will only tell. That said, as long as there are more GOP senators that DEM senators, one might consider that as a win? Your thoughts. Happy Mongering All. Toymann
P. Remember I win the ties.
You know when the cards are treating you well
You're sitting with ten, jack, queen, king but nothing of value waiting for the river.
You think, "give me an ace, give me an ace, give me an ace! "
And down comes an ace.
This is kind of the sensation with the news coming out of the democrats these days.
Not that it directly impacts the November outcomes, but I find it funny that just when Team Obama was trying to reintroduce Michelle the Mooch to electioneering, out comes this Sarkosy book. It is too funny. "I hate being first lady (flying to NYC on AF1 just for dinner and a show; huge boondoggle to Spain, free housing for my mom, etc)" is going to play well with the masses. Wonder why the declined to have dinner with the Sarkosys?
You know Obama is in trouble when he GOES TO CHURCH
[QUOTE=Esten;412385]The Tea Party is going to spark a moral awakening ![/QUOTE]Who is he trying to fool? The 20% of the country that thinks he is a muslim or the 50% that knows he favors Muslims, of any nationality, over Americans?
The fornicating issue is due to the wide spread infestation of "raticulae Mario Cuomo" not due to any Tea Party platform.
Our resident propagandist, Esten, is at it again. The Conservatism of the Tea Party is based upon fiscal conservatism first (I. E. Smaller govt, lower taxes) and not primarily based on social conservative issues. Esten knows this, as do his Marxist comrades throughout the left. However, they need to bring out the scare tactics and distortions to try to fight back the coming tide.