Economics for Idiots

Vice President Joe Biden said yesterday on CNN that nobody can say “that the stimulus did not create jobs,” but he did not specify how many jobs he believes President Barack Obama’s stimulus created and how much each of those jobs cost.

According to the most recent report on the stimulus by the Congressional Budget Office, the law had created a maximum of 2 million jobs as the fourth quarter of 2011 at a cost of $412,500 per job.

It took them nearly 3 years to figure this out. I guess the government is great at creating jobs and predicting economics. 🙂

On CNN’s “State of the Union” on Sunday, host Candy Crowley asked Biden about the skepticism of those who point out “we did almost $1 trillion ins stimulus spending” and the administration said “unemployment won’t gove above 8 percent,” and yet we have not had the results the administration forecast. (Solyndra and Fisker included??)

“The problem was in the beginning, the economists said that in fact we wouldn’t go above 8 percent, because they didn’t know until this last quarter that the economy shrunk in the last term of the Bush administration almost 9 percent,” said Biden.

Yep, their bad economic forecasts and their even worse “solutions” are Bush’s fault, not the “economists” that said we had to pass the Stimulus or else (and that whole 8% thing that was pure guessing)

 “Everybody thought it was more like 5.5 percent.

And you know what they say about assuming. It makes an ass out of u and me. But we get stuck with check for their guessing. But it’s still Bush’s fault for their guessing being wrong.

And so the point was, we were all operating off of what the blue chips were looking at, and the numbers were wrong. But the fact is, if we hadn’t had that stimulus, we would be in a position now where we would be in a double dip recession some time ago.”

Instead of the recession we’ve had for nearly 3 years now and the “double dip” we already have!! A Trillion dollars of waste and 3 years later!!

And now Obama wants ANOTHER Stimulus!! and if you don’t pass it you’re a just a “rich” loving mean old fart. So he’ll just pass parts of it by executive fiat instead!

If you don’t succeed (or fail spectacularly) fail, fail again!

It shows how well Government does when it inserts itself into the economic to “create” anything other than chaos and misery.

Taking the high-end number of 2 million jobs and dividing it by the $825 billion cost of the stimulus yields a cost of $412,500 per job. (mind you virtually all these jobs are government union employees).

So given that sterling example, it should only take another $2,475,000,000,000 for the other 6 million jobs lost since 2007 but most of these are private sector jobs in the hands of evil greedy corporations. 🙂 (who cares about the $15,000,000,000,000 debt, anti-business regulations and ObamaCare!)

Damn those rich people are going to have pay up Big! 🙂

And government is very good at “creating” jobs”.

At a million-dollar  (no 1%ers there!) San Francisco fundraiser today, President Obama warned his recession-battered supporters that if he loses the 2012 election it could herald a new, painful era of self-reliance in America.

“The one thing that we absolutely know for sure is that if we don’t work even harder than we did in 2008, then we’re going to have a government that tells the American people, ‘you are on your own,’” Obama told a crowd of 200 donors over lunch at the W Hotel.

“If you get sick, you’re on your own. If you can’t afford college, you’re on your own. If you don’t like that some corporation is polluting your air or the air that your child breathes, then you’re on your own,” he said. “That’s not the America I believe in. It’s not the America you believe in.”

Hope and Change! 🙂

Yeah, government controlling everything is what you believe in. After all, government is infinitely better at running your life than you are.

You’re hopeless! So re-elect me or else you’re screwed! You’re incompetent!

“I guarantee it’s going to be a close election [in 2012] because the economy is not where it wants to be (Notice how impersonal that is phrased) and, even though I believe all the choices we’ve made have been the right ones, we’re still going through difficult circumstances,” the president said.

Doh!

Remember, Liberals are never wrong. Ever. And the economy is nowhere near where it wants (was the “it” government, free enterprise, or evil rich corporations??) to be and I and I alone can save you because your hopeless and if you don’t re-elect me the hungry capitalist raptors will eat you!!

Vote for me or Else!

NARCISSISM UPDATE

The State Department has bought more than $70,000 worth of books authored by President Obama, sending out copies as Christmas gratuities and stocking “key libraries” around the world with “Dreams from My Father” more than a decade after its release.

The U.S. Embassy in Egypt , for instance, spent $28,636 in August 2009 for copies of Mr. Obama’s best-selling 1995 memoir. Six weeks earlier, the embassy  had placed another order for the same book for more than $9,000, federal purchasing records show.

That’s taxpayer money paying for book sales for Obama who will get a royalty for it as the author!

About the same time, halfway around the world, the U.S. Embassy in South Korea  had the same idea and spent more than $6,000 for copies of “Dreams from My Father.”

One month later, the U.S. Embassy in Jakarta , Indonesia , spent more than $3,800 for hardcover copies of the Indonesian version of Mr. Obama ’s “The Audacity of Hope,” records show.

A review of the expenditures in a federal database did not reveal any examples of State Department  purchases of books by former Presidents George W. Bush or Bill Clinton.

Michael Moore is an Academy Award Winning Millionaire who went from a low-pay local rag in Flint, Michigan to millionaire but he’s not “rich” (aka ” the 1%”) but when asked about it, he dodges it like any good politician asked a question you know they will never answer honestly.

The inquiry came from Twitter, where one user asked why Moore appeared so disgusted by capitalism despite benefiting greatly from capitalism. “I’m here talking against my own interests– what’s wrong with me?” he joked, but didn’t really answer the question, other than to claim that “for a documentary filmmaker, I do very well.” When Morgan pushed him to explain how “very well” did not translate to elite levels of wealth, he merely said he felt “blessed,” given his high school education level, and claimed that “they made a huge mistake, putting me on TV.”

Moore continued to bash the wealthy, distancing himself from “a system that is unfair to working people” and concluding of the people that funded his first film, “I hope they rue the day.” He did not give any numbers to explain how his lifestyle did not conform with theirs.

He’s capitalism in action. Problem is, he’s an anti-capitalism millionaire capitalist!

After all, he is suing for money from the producers of “Fahrenheit 911”. He claims he was cheated out of at least $2.7 million in profits from his hit documentary.

“discovered substantial irregularities in the accounting” that resulted in a “gross underpayment to [Moore],” the lawsuit says.  

But he’s not a greedy capitalist millionaire!! 🙂

In the NBC appearance, Obama also professed to be paying little attention to the long series of fiery debates among Republican contenders vying for the chance to take him on in next year’s presidential election.

“I’m going to wait until everybody is voted off the island,” he quipped in a reference to the “Survivor” reality show.

“Once they narrow it down to one or two, I’ll start paying attention.”

Oh, the rapier wit…

Meanwhile, I have $38,500 per person fundraiser to attend riding on my Canadian Made Uber Bus passing out class warfare and fear,despair and hopelessness.

“We’ve made great progress,” Obama added, “but we’ve got so much more work to do. Obviously in Washington, the politics that I think people are hoping for is not what they’re getting. It’s still dysfunctional. It’s still perversely partisan.’’

The Democrat said that as if it was someone else’s fault.

But don’t worry, be happy. It could have been worse! 🙂

Political Cartoons by Michael Ramirez

Political Cartoons by Glenn McCoy

No Hyperbole Here…

Political Cartoons by Bob Gorrell

The U.S. national debt on January 1st, 1791 was just $75 million dollars. Today, the U.S. national debt rises by that amount about once an hour.

Counting social security and medicare, the U.S. government is committed to future payment in excess of 65 TRILLION dollars.

And that does not even include Unions and their lavish taxpayer funded pensions and benefits. 🙂

But don’t worry, “we aren’t broke” and the Republicans are evil, draconian arseholes who just want to steal food from grandma and give it to the richest 2%!! 😦

More Evidence: Rev Jesse Jackson–

On Thursday’s “Martin Bashir” on MSNBC, Jackson, the founder and president of the Rainbow PUSH Coalition, said the budget battle on the Republican side represents an effort to make the federal government “dysfunctional.”

“[T]his really is a Civil War fight,” Jackson said. “This is making the federal government dysfunctional on the 150th anniversary of the Civil War. These guys will support three wars. They’ll support tax dodgers. They’ll support the wealthiest Americans getting tax breaks. They want to cut into education and health care. This is an ideological battle.”

“States’ right are anti-civil rights, anti-workers’ right to bargain, anti-social justice, pro-rich and significantly insensitive to poor people — that was the great divide 150 years ago and it’s the great divide today in the ideological sense.”

So just remember, this battle over piddly Billions (against a $15 TRILLION dollar deficit) is morally equivalent to Gettysburg where 51,000 people DIED.  660,000 people died in the Civil War.

Now that’s equivalent and not hysterical hyperbole. 🙂

And his view of history is truly frightening.

Republicans said the principal hang-up in the negotiations centered on the size of the spending cuts to be included in any deal to fund the government through September, when the current budget year ends. But Democrats said the GOP’s demands on social issues, including denying federal dollars for Planned Parenthood, were at the heart of the deadlock.

“It’s an ideological battle,” said Senate Majority Leader Harry Reid, D-Nev. “It has nothing to do with the fiscal integrity of this country.”

Democrats said the deadlock was all about a GOP demand to deny federal dollars for Planned Parenthood, which uses the taxpayer money to offer contraception and health care for women. Planned Parenthood is the nation’s largest provider of abortion assistance.

Yeah, the ideology of federally funded abortions!  Talk about priorities!!

Really…:(

D.C. Delegate Eleanor Holmes Norton tells Fox 5 in Washington:

“We are absolutely outraged. This is the functional equivalent of bombing innocent civilians… It’s time that the District of Columbia told the Congress to go straight to hell….

If these Republicans insist that, if they don’t get the whole pie they’ll take the whole country down with them.

But don’t worry, there’s no fearmongering and no hyperbole! 😦

And the Democrats are earnestly trying to come a deal, but those rotten Republicans (who are the only ones to pass bills that have died in the Democrat controlled Senate)  refuse to “compromise”.

Congress is responsible for creating a budget each year. The House of Representatives originates the budget, which then must be passed by the Senate and signed by the President.  This is supposed to happen well in advance of the U. S. government’s fiscal year, which begins on October 1 of the year preceding.

That means that the Democratically controlled Congress should have had a 2011 budget ready by Oct. 1, 2010.  But it didn’t. Why?  Because the House Democrats knew, well before that date, that they would likely lose control of the House in the 2010 mid-term elections. Here is it April, with the fiscal year half over and still no budget is done. Appalling is not a strong enough word.  In business, these people would have been fired long ago.

There was no political advantage for them (or the President) to struggle with the gargantuan 2011 budget right before the mid-term elections. They could just pass a series of “continuing resolutions” that allowed the government to go on spending at elevated levels until the new House came into office in January, and let those new Representatives “take the blame” for cutting programs and even for “shutting down the government.”

By failing to fulfill their responsibility to create the 2011 budget, the Democrats in Congress created the potential government shutdown.

They just put a “time-delay fuse” on it, so they could blame it on the new Republican controlled House. (forbes blog)

TA-DA!

And if you disagree with them, well, you’re just a Civil War bomber of innocent people who wants to wages war on the poor and force seniors to starve to death! 🙂

But there’s no hyperbole and fear. 🙂

And the Liberal Media will be “fair”. 🙂

The media are primed to blame Republicans for an impending shutdown that Democrats are praying will happen. The dirty secret is that government doesn’t shut down during shutdowns.

During the Clinton administration, a budget confrontation with the Republican Congress led to a government shutdown that helped Bill Clinton resuscitate his presidency and win re-election. But it didn’t have to be that way.

An indefinite ceasing of nonessential federal activities can be an enlightening event for the public. As Fox News’ John Stossel pointed out this week, most Americans won’t notice that the departments of labor, commerce and agriculture aren’t there anymore — and, as Stossel quipped, “those who would notice shouldn’t be getting those handouts anyway.”

Let enough time pass without these bloated bureaucracies engaging in their daily waste of the hard-earned money of others and people will start catching on that the country can do without them — do better without them, in fact.

Democrats — ably assisted by their allies in the establishment media — have no intention of letting that be the message beamed out to the public, however. The Democratic-controlled Senate and the White House this week rejected a House Republican stopgap measure that would have kept the government open for another week and funded the military for the remainder of the year.

The excuse given by Senate Majority Leader Harry Reid, D-Nev., was the “riders” within the measure on “women’s health” and “clean air.” But GOP provisions on carbon emissions and Planned Parenthood funding are actually not contained in the stopgap measure, the only riders being a ban on Gitmo detainees going to U.S. soil and a D.C. anti-abortion funding prohibition.

Could it be clearer that Democrats want a shutdown, seeing a Clintonian opportunity to repair their political fortunes?

Be prepared to hear charges that all a shutdown really does is give millions of federal employees an extra paid vacation; idle public employees definitely don’t lose their health benefits, and although there is no guarantee they will get paid for their time away, the administration may do all in its power to see they are paid for nonwork — then blame Republicans.

As Rep. Michele Bachmann, R-Minn., noted this week, “three-fourths of the federal workforce would stay in place” during a shutdown — making it not a shutdown but a slowdown. In addition to Social Security, “the military would continue to be paid, and all essential services” would go on, Bachmann told reporters.

The White House on Wednesday said that of the nearly 3 million federal workers, only 800,000 might be furloughed. That makes this “shutdown” largely a show. (IBD)

A politically motivated show.

Can you say set up?

I knew you could.

Remember liberal politicians and apparatchiks have no morals or ethics whatsoever. Win at all costs. No matter what.

As Charlie Sheen would say, “Duh, Winning…” 🙂

Political Cartoons by Lisa Benson

Political Cartoons by Glenn McCoy

Political Cartoons by Michael Ramirez

Putting Your Money Where His Mouth is

“After a decade of profligacy, the American people are tired of politicians who talk the talk but don’t walk the walk when it comes to fiscal responsibility,” he said. “It’s easy to get up in front of the cameras and rant against exploding deficits. What’s hard is actually getting deficits under control. But that’s what we must do. Like families across the country, we have to take responsibility for every dollar we spend.”

To put Obama’s Olympian hypocrisy in perspective, one need only examine the federal budget tables posted on the White House website by Obama’s own Office of Management and Budget.

They reveal these startling facts: When calculated by the average annual percentage of the Gross Domestic Product that he will spend during his presidency, Obama is on track to become the biggest-spending president since 1930, the earliest year reported on the OMB’s historical chart of spending as a percentage of GDP. When calculated by the average annual percentage of GDP he will borrow during his presidency, Obama is on track to become the greatest debter president since Franklin Roosevelt.

Obama will outspend and out-borrow the admittedly profligate George W. Bush, a man Obama and his lieutenants routinely malign for fiscal recklessness and who, when in office, was often hailed even by his allies as a Big Government Republican. Obama will even outspend—but not quite out-borrow—his fellow welfare-state liberal FDR, who had to contend with both the Depression and World War II.

In determining this was the case, I credited the presidents prior to Obama with the federal spending and borrowing that occurred during the fiscal years that started when they were in office. I credited Obama with the spending and borrowing that his own OMB estimates will occur during the fiscal years from 2010 to 2013, which are the four fiscal years starting during Obama’s four-year term. (Before fiscal 1977, fiscal years ran from July 1 to June 30. Since then, they have run from Oct. 1 to Sept. 30.)

FDR was inaugurated in March 1933 and died in April 1945. He is thus responsible for the 12 fiscal years from 1934 to 1945. During those years of depression and world war, according to OMB, federal spending averaged 19.35 percent of GDP. During Obama’s four fiscal years, OMB estimates spending will average 24.13 percent of GDP. That is about 25 percent more than under FDR.

In the first eight fiscal years of FDR’s presidency, before Japan attacked Pearl Harbor, federal spending as a percentage of GDP never exceeded 12 (despite the Depression). During those years, it averaged only 9.85 percent. Under Obama, annual spending as a percentage of GDP will average almost two-and-a-half times that much.

In fiscal 1942, when the U.S. started dramatically ramping up expenditures to fight World War II, federal spending equaled 24.3 percent of GDP. In 2010, the first full fiscal year of the Obama era, spending will reach 25.4 percent of GDP.

Under current estimates, Obama will not beat FDR’s overall record for borrowing, although he will nearly double FDR’s pre-World War II rate of borrowing. From 1934-41, FDR ran annual deficits that averaged 3.56 percent of GDP. Obama, according to OMB, will run average annual deficits of 7.05 percent GDP. When you include the war years of 1942-45, FDR ran average annual deficits of 9.76 percent of GDP. Even without a world war, Obama’s overall prospective borrowing is at least competitive with FDR’s.

And Obama and FDR share one historic debt-accumulating distinction. By OMB’s calculation, they are the only two presidents since 1930 to run up annual deficits that reached double figures as a percentage of GDP. Obama will run up a deficit this year of 10.6 percent of GDP. The last time the deficit hit double digits as a percentage of GDP was 1945 — when Germany and Japan surrendered.

The U.S. won the Cold War without ever running a double-digit deficit. President Reagan’s highest deficit was 6 percent of GDP in 1983 — and he bankrupted the Soviet Union not the United States.

So how does Obama compare with the much-maligned George W. Bush? In Bush’s eight fiscal years, annual federal spending averaged 20.43 percent of GDP, significantly less than Obama’s estimated 24.13 percent of GDP.

Bush ran annual deficits that averaged 3.4 percent of GDP—and that includes fiscal 2009, when the deficit soared to 9.9 percent of GDP and Obama signed a $787 billion stimulus bill (some of which was spent in fiscal 2009) after Bush left office. Obama, according to OMB, will run deficits that average 7.05 percent of GDP—or more than twice the average deficits under Bush.

The bottom line on Obama: He puts our money where his mouth is.(CNSnews)

The Bush Deranged who will blame every ill in the universe on George W. Bush, who admittedly was a fiscal socialist like them in his last years.

The fact that Congress was taken over by The Reid-Pelosi types in 2007 didn’t help any.

Whether that was trying to buy off his legacy from people that had already spent years piling on him or just weakness., it’s hard to say.

Bush in his last couple of years was a train wreck.

But the current administration takes that train wreck and brings in Godzilla, King Ghidorah, Hedorah, and all the other monsters and has a stomping party on it.

Then proclaims not only is it the other guys fault but they have “saved us all”!

How great are we! 😦

BUT He made me do it!!! 😦

Bovine Fecal Matter!!

That’s like saying, after an all-night binge drinking session and getting pulled over for DUI that it was the bar’s fault or your friends who egged you on.

It’s complete crap.

So you have “fiscal responsibility” after the biggest spending binge in American History….then you propose EVEN MORE OR THE SAME  (aka Health Care, Cap & Trade, Amnesty for New Democrats,etc) and that’s supposed to work because you have re-imagined it!

The definition of insanity is doing exactly the same thing every time and expecting a different result.

They are insane.

But this is the wet dream of  several generations of socialist Democrats at precisely the wrong time.

But they can’t understand that.

Like children who have been lusting after a toy for Christmas since the day after Christmas from when they were 2 they think the message is not the problem, but how it’s phrased and delivered.

That somehow the 1000 lb. White Elephant in the room is not the problem, so let’s call in a stylist and call it a The Blanco Pachyderm Supreme, as if that will help sell there socialism.

In true Orwellian fashion, it’s not the ideas that are bad, it’s the presentation.

The almost child-like arrogance and stubbornness is not appealing.

Neither is the finger pointing.

But they can’t see that.

And that’s why they are headed straight for the iceberg aboard the Titanic.

Unfortunately, we are all the Passengers and we will all go down with them.

And it’s all those Damn Republican’s Fault! 😡

Vice President Joe Biden complains that Washington is “broken” and “dysfunctional.” In fact, Republicans blocking Democrats from further wrecking the economy is the American system at its best.

Appearing on the CBS Early Show, the vice president lamented that “Washington, right now, is broken,” adding that “I don’t ever recall a time in my career where to get anything done, you needed a supermajority, 60 out of 100 senators. … I’ve never seen it this dysfunctional.”

The man one heartbeat away from the presidency obviously has a conveniently short memory.

During the Bush administration, when Republicans outnumbered Democrats in the Senate but were lacking a supermajority, Democrats were only too happy to use the filibuster to block judicial appointees like Priscilla Owen and Janice Rogers Brown — because they weren’t liberal activists. (The courts are where liberals are able to wield the kind of sweeping powers that the people would never give them through the ballot box.)

Now, with the tables turned, Biden has come to think a lot less of the rules of that “world’s greatest deliberative body” where he spent more than 30 years.

Others on the left agree.

Lawyer Thomas Geoghegan, writing in the New York Times last month, charged that “the Senate, as it now operates, really has become unconstitutional” and argued that the Founding Fathers “were dead set against supermajorities as a general rule, and the ever-present filibuster threat has made the Senate a more extreme check on the popular will than they ever intended.”

But the derailing of the radical health care revolution being pushed by the White House and the Democratic majorities in Congress is a perfect example of how America’s legislative system can rise to greatness — protecting the majority.

Defending the filibuster last month on the Witherspoon Institute’s thepublicdiscourse.com, Radford University political science Professor Matthew J. Franck noted: “The Senate has chosen a set of rules that prize the power of senators as individuals to shape and to slow down debate in the chamber, while the House has chosen rules that streamline debate and advantage the majority party.”

The Senate filibuster is “in purpose and effect, an aid to legislative deliberation” because, according to Franck, “the Senate has always prized the freedom of action of the individual senators, to speak at length during debate and to turn the deliberations on a bill in new directions by way of amendments.”

In the case of health reform, the people, who overwhelmingly oppose the Democrats’ plans, have indeed been deliberating.

Last month they used a special Senate election in one of the most dependably Democratic states in the Union to obstruct the Democratic majority’s locomotive running through Congress.

Massachusetts Republican Sen. Scott Brown’s 41st vote means the radical left will have to wait longer to get what they crave: extensive government control over the U.S. medical system.

What Joe Biden calls “dysfunctional” is American government working as it should — thanks to the Republicans doing their job in opposing still more spending and dangerous government intrusion. (IBD)

So let’s stay in Campaign Mode.

Democrats in charge of both the White House and Congress are firing all their guns at once to tout the benefits of the $862 billion stimulus package passed a year ago this week. They’ve even planned a 35-city tour to support it. Their message?

“One year later, it is largely thanks to the recovery act that a second depression is no longer a possibility,” President Obama said Wednesday. The stimulus act has created 2 million jobs, he claimed, predicting 1.5 million more this year from the program.

Is it just a coincidence that the 3.5 million jobs he is claiming is exactly what the White House predicted early last year? We doubt it. But whatever the case, Obama’s claims are false.

Start with this: Stimulus didn’t save us from an economic cataclysm. Obama himself said so back in March, noting that the economy was “not as bad as we think,” and that he was “highly optimistic.” It’s clear he didn’t think we were on the brink of a Depression.

He was right. In an editorial at the time, we pointed to 13 separate economic indicators signaling an imminent economic recovery — with all of them flashing before the stimulus was in place.

We knew at the time that our resilient private economy would climb out of its hole, and that politicians would try to claim credit. That’s why we wrote: “No politician who voted for these job- and growth-killing measures should claim any credit for our eventual rebound.” Following Wednesday’s fact-bending dog-and-pony show, we think that bears repeating.

The claim that stimulus has “created or saved” 2 million jobs is complete fiction. It rests on the obviously false idea that money can be taken from the productive private sector and given to the nonproductive public sector and create a net gain in jobs.

Based on the imaginary existence of a so-called “Keynesian multiplier,” this kind of thinking hypothesizes jobs that don’t really exist. Sadly, when we count actual jobs, the reality is a bit starker: 8.4 million jobs lost since December 2007, the start of the recession. And more than 4 million lost since the start of 2009.

So when Vice President Biden says Americans are “getting their money’s worth” from stimulus, it should be treated as a punch line — not a policy view.

Look Ma, how great I am. 😦

Worse is the administration’s claim that stimulus is responsible for the fourth quarter’s 5.7% spurt in GDP. This, too, is utterly false.

Two-thirds of that number was made up of inventories. Businesses had liquidated so much in inventories as Obama came into office, helping to make GDP declines last year deeper than expected, that when they finally stopped the economy appeared to be growing strongly. It wasn’t.

Real final sales, a measure that excludes short-term inventory swings, rose just 2.2% in the fourth quarter — hardly a boom.

What bothered us most, however, was Obama’s reference to a “lost decade” under President Bush — a now-popular insult Democrats use to imply Obama’s predecessor is to blame for everything.

So, let’s review the Bush record one more time.

As background, Bush’s presidency began after the largest stock market crash in history, which destroyed nearly $8 trillion in national wealth. Business investment had collapsed, in part due to the Y2K debacle. The economy in early 2001 was already in recession. And within nine months we were hit by the 9/11 attacks.

Thanks to Bush’s tax cuts in 2001 and 2003, the U.S. economy came back. From the end of 2000 to Bush’s exit from office, 4.6 million jobs were created, industrial output rose 5%, productivity soared 25%, real after-tax income jumped 21% and net wealth grew by $8.6 trillion. And that includes last year’s financial meltdown.

Calling this a “lost decade” is simply wrong. Curiously, the economy was far healthier before Democrats took over Congress in 2006. Is it just coincidence that the unraveling of our financial system took place just as they regained control?

Today, stimulus, TARP and other programs intended to boost the economy are instead adding trillions of dollars in debt and spending that our kids and grandkids will have to pay off in coming decades. And let the record show: They’re not creating jobs.

Recent polls show Americans overwhelmingly believe the stimulus is a failure. They’re right. And no amount of snake oil sold by slick White House salesmen from the back of a government truck is likely to convince them otherwise. (IBD)

But Don’t tell the Democrats or liberals that, it’s Heresy. 🙂

And they will be signing it’s praises regardless.

So, How do you want your $14 Trillion Dollar Blanco Pachyderm Supreme?

Take out or Delivery? 🙂