If we are not frightened by what is going on around us in the Federal Government, we've stuck our heads so far down into the sand that ostriches have nothing on us. In fact, we may have chosen to stick our heads in quick sand! It doesn't appear that the Obama administration is going to stop the reckless spending, the intrusion into private industry or the usurpation of states' rights. There is the problem that Congress is not reading bills before they are passed. There is the problem of smokescreens that blunt the press' reportage of the country in favor of the spectacle.
Christine Romer was just interviewed on television. This MIT Ph.d and former Berkley professor is part of the Obama economic team. Here's the skinny right from the horse's mouth concerning the effectiveness the Stimulus package. It is the same stimulus package that had to be passed immediately without time for Congress to read it and without time to separate the wheat from the chaff.
1. Only 4% of the money has thus far been dispersed.
2. By the end of the year, only 23% will have been dispersed.
3. Despite campaign promises (though she admits the Obama campaign had no “crystal ball”), unemployment, today at 9.5% is quickly approaching double digits. It is at its highest level in 26 years. (I note that double digit unemployment is endemic in socialist France and Spain)
4. Despite campaign promises, there is no predicted “end” to the recession. There is hope it will moderate by the end of this year—or next year. (Or….)
In other words, even the Administration cannot conceal the abysmal failure of the Stimulus package that has slam dunked this country and its future generations into a money pit of debt. But we, the people, are not hearing or reading of this in the news outlets. We are, except for those who search for news, being kept in a stupored ignorant state,
Yesterday CNN, reporting on California's tragic budget crisis giving rise to the issuance of IOUs to workers—an interesting turn as I assume no mortgage companies, grocery stores, gas stations, etc. will accept those IOUs in lieu of payment—stated that most troubled state governments are using the stimulus money to close budget gaps. That means paying their own bills! How in the world will that use stimulate the economy? The simple and obvious answer is that it will not. In reading the scenario, however, one can readily see how, despite the massive debt we are building to countries like China, our problems will only worsen. When the aforementioned companies, stores and gas stations do not accept IOUs, how will they pay their employees or restock their shelves or refill their tanks? And so the snowball rolls.
While I'm on the subject of CNN, this morning their “money girl” sat with Kiran Chetry and explained how money “experts” are “sifting through the numbers” looking for signs of economic improvement. That’s like looking for a needle in a haystack. But when the “experts” find one sign, that's what they report, and it makes poll numbers change on the populace's long-term outlook. These days the polls have slightly increased in the belief that things are looking a touch better. I think of that old adage, “Figures never lie but liars figure.” I also pray that offering HOPE will be an acceptable way to pay one's bills. (Does one say, "I HOPE to pay"?)
With the untimely deaths of Michael Jackson and Farah Fawcett grabbing the headlines so many of the country did not realize the House barely passed the Cap and Trade bill, a bill that will severely impact on our way of life. Now it goes to the Senate where it hopefully will be stopped. Nevertheless, one piece of the bill keeps hitting the news—Fox News—that is. When a homeowner wants to sell his home, the house must first be inspected and the seller must upgrade to fulfill any energy requirements the Federal government has instituted. Who decides on these requirements? Who does the inspections for the government? How does one factor in the cost of the improvements to the selling price of the house? None of these issues are addressed in any but the most general way, but they will impact every single seller in this country in a major and very specific way. Think about it.
I called Congressman John Hall's office twice before the vote on the Cap and Trade. I left a message at his NY office, and spoke to someone in the DC office. When I said that there was no way the Congressman could have read the 300+ page Waxman amendment submitted at 3AM that morning and therefore how could the Congressman vote intelligently on the final legislation, the answer I received was, “Good question.” No kidding. John Hall, by the way, voted for the bill. Why? Good question. I hope the Democratic party gave him a reward treat—perhaps a doggie biscuit for doing well in obedience school.
I guess I will continue banging my head against the wall by contacting my two Senators—don't laugh—Schumer and Gillibrand—asking them to consider us, their constituents, first. I do believe EVERYONE SHOULD CONTACT SENATORS to let them know how awful it will be to bury what’s left of the country in Chinese debt and to send what's left of our business to countries who do it for less. Meanwhile, it's interesting that Obama is against any trade restrictions. All of a sudden he is a free market dude. He'll create jobs, all right. Only they won't be in America.
Christine Romer was just interviewed on television. This MIT Ph.d and former Berkley professor is part of the Obama economic team. Here's the skinny right from the horse's mouth concerning the effectiveness the Stimulus package. It is the same stimulus package that had to be passed immediately without time for Congress to read it and without time to separate the wheat from the chaff.
1. Only 4% of the money has thus far been dispersed.
2. By the end of the year, only 23% will have been dispersed.
3. Despite campaign promises (though she admits the Obama campaign had no “crystal ball”), unemployment, today at 9.5% is quickly approaching double digits. It is at its highest level in 26 years. (I note that double digit unemployment is endemic in socialist France and Spain)
4. Despite campaign promises, there is no predicted “end” to the recession. There is hope it will moderate by the end of this year—or next year. (Or….)
In other words, even the Administration cannot conceal the abysmal failure of the Stimulus package that has slam dunked this country and its future generations into a money pit of debt. But we, the people, are not hearing or reading of this in the news outlets. We are, except for those who search for news, being kept in a stupored ignorant state,
Yesterday CNN, reporting on California's tragic budget crisis giving rise to the issuance of IOUs to workers—an interesting turn as I assume no mortgage companies, grocery stores, gas stations, etc. will accept those IOUs in lieu of payment—stated that most troubled state governments are using the stimulus money to close budget gaps. That means paying their own bills! How in the world will that use stimulate the economy? The simple and obvious answer is that it will not. In reading the scenario, however, one can readily see how, despite the massive debt we are building to countries like China, our problems will only worsen. When the aforementioned companies, stores and gas stations do not accept IOUs, how will they pay their employees or restock their shelves or refill their tanks? And so the snowball rolls.
While I'm on the subject of CNN, this morning their “money girl” sat with Kiran Chetry and explained how money “experts” are “sifting through the numbers” looking for signs of economic improvement. That’s like looking for a needle in a haystack. But when the “experts” find one sign, that's what they report, and it makes poll numbers change on the populace's long-term outlook. These days the polls have slightly increased in the belief that things are looking a touch better. I think of that old adage, “Figures never lie but liars figure.” I also pray that offering HOPE will be an acceptable way to pay one's bills. (Does one say, "I HOPE to pay"?)
With the untimely deaths of Michael Jackson and Farah Fawcett grabbing the headlines so many of the country did not realize the House barely passed the Cap and Trade bill, a bill that will severely impact on our way of life. Now it goes to the Senate where it hopefully will be stopped. Nevertheless, one piece of the bill keeps hitting the news—Fox News—that is. When a homeowner wants to sell his home, the house must first be inspected and the seller must upgrade to fulfill any energy requirements the Federal government has instituted. Who decides on these requirements? Who does the inspections for the government? How does one factor in the cost of the improvements to the selling price of the house? None of these issues are addressed in any but the most general way, but they will impact every single seller in this country in a major and very specific way. Think about it.
I called Congressman John Hall's office twice before the vote on the Cap and Trade. I left a message at his NY office, and spoke to someone in the DC office. When I said that there was no way the Congressman could have read the 300+ page Waxman amendment submitted at 3AM that morning and therefore how could the Congressman vote intelligently on the final legislation, the answer I received was, “Good question.” No kidding. John Hall, by the way, voted for the bill. Why? Good question. I hope the Democratic party gave him a reward treat—perhaps a doggie biscuit for doing well in obedience school.
I guess I will continue banging my head against the wall by contacting my two Senators—don't laugh—Schumer and Gillibrand—asking them to consider us, their constituents, first. I do believe EVERYONE SHOULD CONTACT SENATORS to let them know how awful it will be to bury what’s left of the country in Chinese debt and to send what's left of our business to countries who do it for less. Meanwhile, it's interesting that Obama is against any trade restrictions. All of a sudden he is a free market dude. He'll create jobs, all right. Only they won't be in America.
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politics opinion Obama energy Cap and Trade stimulus economics California government tax "Christine Romer" CNN "Kiran Chetry" "John Hall" Congress Senate "New York" Gillibrand Schumer China jobs MIT Berkley
