Here we are in just one of the worst economic periods in our country and the people that we have voted into office to run the government are more concerned with lining their own pockets and the pockets of their friends, than they are in solving this problem.
During the 90s Japan tried to spend their way out of a recession. You might have heard Obama bring up how Japan's recession lasted 10 years. What you didn't hear Obama say was that the reason it lasted 10 years was because they tried to SPEND their way out of it, and it didn't work. It never works.
Historically our Government spends between 17-21% GNP. Whenever we spend over this amount unemployment rises with it. If you go back 30 years you will see that every time we have gone above these numbers the unemployment went up with it. After it got up to 24% or so and unemployment was above 10% and they got spending under control and brought it down to 17%GNP, guess what? the unemployment dropped to all time lows of 3 - 4%. The projections for GNP spending after the stimulus bill has been put into action and the bank bailouts and such could approach 39% which would be an ALL TIME high. Look for unemployment to push close to 15%.
The Democrats got what they wanted. This bill will not do much in the way of creating any jobs for up two years. The Republicans had a stimulus plan that was designed to create 6 million jobs, or about twice the Democrat Spendulus bill and it would have cost HALF as much. Imagine that two times as many jobs for half the cost, but there was a downside to the Republican bill, it wouldn't have paid off the unions and all the other people that the Democrats wanted to funnel money to.
The Congressional Budget office, a not-partisan organization, has estimated that the Stimulus bill over ten years will cost 3.7 Trillion dollars.
Obama and his pals have really screwed the United States by putting themselves first, and the country a distant second. It is a shame that we are all going to have to suffer so much to prove to the masses that voted for Obama and his cronies that you got sold a bill of goods that didn't exist. He was a smooth talker and you drank the Kool-aid. Wake up America. Big government hurts us all. Conservatism is the way out of a recession not liberalism. You cannot afford to be liberal in a recession.
Those that don't learn from History, have no Future.
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