Insanity, pure insanity! That’s the only way to describe the democrats and their economic agenda. Everything they do makes things worse, so what do they do? More of the same. And what do we get? More unemployment.
Today’s numbers are the worst in decades. Unemployment is now officially 10.2%, which doesn’t count those who have dropped out of the system. Anyone with a brain can understand that business owners are frightened of this administration and congress. Heck, it isn’t just business owners, just about any thinking American is scared, with good reason. All you need to do is look to New Jersey and Virginia, or any of the local races in small cities and towns across the country to know people are frightened.
Yet President Obama, Nancy Pelosi and Harry Reid are still hell bent on pursuing their destructive agenda. Pelosi’s even making her members walk the plank tomorrow by forcing a vote on health care before letting them go home for Veteran’s Day. In the Senate, they’re pushing forward with their cap and tax bill, despite what it will do to any already fragile economy.
The Heritage Foundation ran the numbers, and found the first stimulus to be an objective failure.
Today, BLS released its monthly jobs report and the numbers speak for themselves. The economy shed another 190,000 jobs in October, bringing the number of jobs lost since Obama was sworn in to 3.8 million. Worse still, the unemployment rate rose from 9.8% to 10.2% percent. With only 130.8 million jobs in the U.S. economy, President Obama is now 7.8 million jobs short of what he promised the American people. That makes President Obama’s stimulus an objective failure. …
So what are the Democrats doing? Why, another stimulus, of course. Only they aren’t calling it that.
A new package of extended unemployment benefits and fresh tax breaks will pump another $46 billion in government stimulus into the economy through the middle of next year, Congressional estimates show.
Lawmakers valued the package at $21 billion. But that may be an ambiguous, 10-year projection estimated under arcane “inside-the-Beltway” budgeting rules.
According to the Joint Committee on Taxation and the Senate Finance Committee, the new measure will trigger $45.7 billion in additional tax breaks and government expenditures through June 2010. Such stimulus will grow if Congress extends unemployment benefits again — and approves more tax breaks — next year, a mid-term election year.
The House approved the package on Thursday after the Senate signed off on it Wednesday night. It passed both chambers with broad bipartisan support.
Republicans might want to re-think supporting these inane economic policies. Call it what you will – statism, collectivism, socialism – never in the history of mankind has it produced a healthy, robust economy. Just look to Asia – even China’s realized they need to adopt capitalism to avoid economic collapse. Especially since the US, their host, is losing its ability to remain the lifeblood of their economy. But those in Washington are so arrogant and hubristic, they believe they’re just so much smarter than past statists. As if the USSR wouldn’t have fallen, and North Korea and Cuba would be world leaders with vigourous economies if only they had the enlightened guidance of American Democrats.
They know how it will end for them – at the polls – which is why they’re in such a hurry to create a whole new class of government dependents. It’s their only hope for political survival. Unfortunately, their political survival will be the downfall of our economy, our freedom and our liberty.