Proof of the old saying was evidenced this week.
Doing the same thing over and over again and expecting a different result is the definition of insanity.
Welcome, to the Democrat Party.
We are over $14 Trillion dollars in debt. The economy is on the verge of a double dip recession and possible depression because Obamanomics is a total failure.
The Chinese are divesting themselves of our Treasury Bills.
The housing market is a worse as it has ever been.
Inflation is crushing the average American.
The Democrats childishly and stubbornly will not propose or pass a budget (April 2009 was the last one).
So what do the Democrats want to do: SPEND EVEN MORE! 😦
With the release of a discouraging economic report this week, Democrats have only one response: more government spending!
House Democrats this week have amplified their calls for new spending on infrastructure and other federal projects in the face of May’s discouraging job-creation figures.
Even as Republicans are insisting on “trillions” of dollars in spending cuts, Democrats maintain that a targeted injection of additional federal dollars in the near-term would go a long way toward reversing the hiring slump. Friday’s disappointing job report, they say, only bolsters their case.
“The American people, while concerned about the deficit, place much more emphasis on job creation, and they see a role for the government,” Rep. Raul Grijalva (D-Ariz.) (Mr. Boycott my State himself!) told The Hill. “A fast injection of job stimulus on the public side would help tremendously. … It [the job report] helps our argument about investment.”
The 2 Stimulus plus the 2 “quantitative easings” (government printing money from thin air to pump up the economy-allegedly) have done so well so far, lets just do more of it and everything will be hunky-dory.
This would be the fifth stimulus program passed by the U.S. government since 2008.
But this one will work! According to the Democrats. If they just keep doing it someday it will work!
We just have wish really, really hard! We have to relentless chant “Yes! We Can!!” “Yes! We Can!!” “Yes! We Can!!”
<<sound of a coo-coo clock going off>>
Other Democrats delivered a similar message on Friday. Rep. Eliot Engel (D-N.Y.) said “the answer” to the lingering jobs crisis is “investment” in the “communities and businesses who need confidence and resources to hire [people].”
Remember: Investment= SPENDING money we don’t have.
Rep. Emanuel Cleaver (D-Mo.) said “investing in our communities goes hand in hand with full economic recovery.”
Heard this one before? Yep. Is it working yet? Nope.
So what we need is an even BIGGER Stimulus! That will work! 😦
Rep. Earl Blumenauer (D-Ore.) said that only in Washington is targeted new spending being demonized.
“Once you get outside the Beltway, almost everyone agrees that we should be rebuilding our crumbling infrastructure and investing in clean American energy that reduces our dependence on oil,” Blumenauer said.
Well, he has that backwards. Typical delusional Liberal.
The remarks are a stark contrast to the Republicans’ plans to cut trillions of dollars in federal spending to bring down the nation’s soaring deficits. Those deficits, they argue, have crippled the ability of the private sector to hire new workers. Friday’s job report, the Republicans contend, is evidence that the Democrats’ deficit-spending strategy has failed.
“If you talk to job creators around the country like we have, they’ll tell you all the over-taxing, over-regulating, and over-spending that’s going on in Washington is creating uncertainty and holding them back,” House Speaker John Boehner (R-Ohio) said at a press conference Friday.
“One look at the jobs report should be enough to show the White House it’s time to get serious about cutting spending and dealing with our ailing economy,” he said.
The spending debate was stirred up Friday by the Labor Department’s report that the economy created only 54,000 jobs in May – about a quarter of the average job growth over the last three months. Of those, roughly 83,000 were created by the private sector. State and local governments have been shedding jobs for months, and that trend continued in May, the Labor Department found.
Leaders from both parties blamed the other side for the continued jobs crisis. Democrats flung charges that House Republicans have yet to bring a jobs bill to the floor this year, while GOP leaders countered with accusations that the 2009 economic stimulus bill was a flop.
“They passed a nearly $1 trillion stimulus bill which failed to get people back to work,” House Majority Leader Eric Cantor (R-Va.) said last week of the $787 billion stimulus bill. That proposal featured $288 billion in tax benefits; $275 billion for energy and infrastructure projects; and $224 billion for safety-net programs.
Both sides have proposed legislative packages they say will spur job creation. Democrats are pushing their “Make It In America” agenda, a package of bills designed to increase manufacturing and discourage the outsourcing of jobs. It includes proposals to boost funding for airports, highways and high-speed rail, and also develops a national infrastructure development bank.
Republicans, meanwhile, have proposed to cut taxes, eliminate trade barriers and scale back federal regulations that the business lobby considers burdensome.
If the Democrats see the government as a necessary catalyst for economic recovery, the Republicans just want to get it out of the private sector’s way.
Dennis Slater, president of the Association of Equipment Manufacturers, a trade group, suggested Friday that the most effective strategy would incorporate elements of both approaches.
“Until Congress and the administration agree to make America’s farmers and manufacturers a national priority by passing free trade agreements and investing in critical national infrastructure – both proven drivers of economic growth – unemployment will remain unacceptably high and our economy will continue to stagnate,” Slater said in a statement.
Grijalva, the co-chairman of the Congressional Progressive Caucus, said the Democrats could be doing much more to convince the public of the merits of an increase in targeted spending.
Just like all the other things (like ObamaCare) if we just talk you to death we can convince you we’re right. We just haven’t talked enough!
Oh God…not that…please make them stop! 😦
“I don’t know if it’s a question of being able to sell it, or [that] we haven’t fully embraced the concept as our own,” he said. “It’s a winner. I don’t know for the life of me why we’re not being more assertive on this point.” (The Hill)
Want an easy explanation for why the economy and hiring have slowed again? Try this: High gas prices have erased the stimulative effects of the tax-cut deal President Obama and Republicans cut at the end of 2010. That’s the view from researchers at Morgan Stanley. Other analysts made similar revisions this week. Deutsche Bank cut its 2011 outlook from 3.4 percent to 3.1 percent. IHS Global Insight cut from 2.7 percent to 2.5 percent. They all cite the effects of high gas prices.
So there you have it. In light of stunningly ineffective stimulus so far, Democrats think that the evidence shows we need more money artificially pumped into the economy, surely financed by more deficit spending, further ratcheting up our debt. (Daily Caller)
So what if we’re broke and the Debt Ceiling has been reached– Lets just SPEND EVEN MORE!!
Not that’s just Coo-Coo For Keynesian CoCo-Puffs!