Stimulus Ineffective, So Let’s Do More of It
WASHINGTON: When it comes to public policy we thought these guys were supposed to be smart, veritable Einsteins as it were. The economy is still broken, apparently. First it was TARP. Then the Fed prints money like it is going out of style. (It IS going out of style.) Then the interim budget. Then the new budget. Then the Stimulus, with tons of earmarks. Followed by massive deficit spending. Surprise, nothing has fixed the economy!
So President Obama today revealed his new jobs policy. Guess what? We as nation must continue to “spend our way out of this recession.” So what didn’t work before we will now do more of. Whatever happened to Einstein’s famous quotations:
Insanity is doing the same thing over and over again and expecting different results.
Problems cannot be solved by the same level of thinking that created them.
The same morons who engineered the collapse of Fannie Mae and Freddie Mac are now putting their magic to work with GM, Chrysler, AIG, Citibank, and a host of other formerly private companies. With Andy Stern of the SEIU being the most frequent visitor to the White House, and with him playing a major role in the “jobs summit,” can we expect anything better? Of course if you had spent $27 million getting your man elected you too would want to eat lunch with the President at least once a week.
We were told we had to pass the last stimulus package or unemployment would top 8%. Well, it’s 10% nationally with many regions closer to 20%. So what is the answer? It didn’t work before, so now we’re told we have to do it all over again. It’s like watching bad golfers duffing the ball over and over again. Are we supposed to let these guys keep teeing it up?
We get it. They’re Einsteins, and we’re Charlie Browns. And just like Lucy they expect us to tee up the football for them one more time.