Support for Stimulus Package Falling Rapidly

Rasmussen Reports released a poll yesterday showing that support for the pork-heavy stimulus package is continuing to fall.  The package has already passed $900 Billion and still has room to grow.

 

Do you favor or oppose the economic recovery package proposed by Barack Obama and the Congressional Democrats?
Date Favor Oppose
Feb 2-3 37% 43%
Jan 27-28 42% 39%
Jan 19-20, 2009 45% 34%

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Posted under Economy

Written by admin on February 5, 2009

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Pelosi: 500 Million Americans Lose Jobs Every Month

Yeah yeah, I know “misspeak!”…  I just find this humorous (besides, as much as everyone made fun of Bush’s pronunciation of ‘nuclear’ the door is open anytime a pol makes any sort of mistake).  Seeing as how our population is around 300 million (including elderly, children, illegals, etc), everyone is losing their job twice a month on average.  I guess I should be happy I was only laid off twice in 16 months!

Regardless if this is a misspeak, ignorance, or exaggeration, this approx $1 trillion pork-filled package isn’t an instant cure.

 

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Posted under Economy

Written by admin on February 4, 2009

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Found a Job!

Just a heads up that I have landed a new job.  I will be starting soon and hope to get everything lined up again so I can post regularly again in the near future.  Thanks for your patience!

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Posted under Uncategorized

Written by admin on January 19, 2009

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Saving the Republican Party: Bobby Jindal

I must say, Bobby Jindal grows on me more and more as time goes on.  For those unfamiliar with Jindal, he is the Governor of Louisiana, the youngest in the US at 36.  He was rumored as a favorite to run with McCain as Vice-President.  He was even re-elected to Congress in 2006 with 88% of the vote.

On CBS’s Face the Nation, Jindal outlined three things he said the GOP must do to get back on track:

“Number one, we have got to stop defending the kind of spending and out-of-control spending that we would never tolerate in the other side. You know, when voters tell us that they trust Democrats more to cut their taxes [and] control spending, that tells you something is wrong with the Republican Party. We’ve got to match our actions with our rhetoric.

“Number two, we’ve got to stop defending the kinds of corruption we would rightfully criticize in the other party. The week before the election, our most senior senator is convicted on federal charges – and that’s only the latest example.

“Number three, we have got to be the party that offers real solutions to the problems that American voters, American families are worried about. We don’t need to abandon our conservative principles; we can’t just be the ‘party of no.’ We need to offer real solutions on making health care more affordable, on the economic challenges facing families, on the international threats.”

I have to say, the man is dead on with this.  McCain lost the election by being a moderate.  He failed to clearly offer alternatives to Obama’s solutions and in doing so allowed this to be a referendum on Bush.  The GOP needs to go back to Conservatism.  Take clear action and speak clearly on policy.  Stand against corruption, and I’m not talking about pulling a Pelosi and just talking loudly about fighting a “culture of corruption” while doing nothing.

Jindal could be the GOP’s Obama.  He is young and very intelligent.  If he plays his cards right, I think he could be a clear front-runner for 2012.

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Posted under Misc

Written by admin on November 18, 2008

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Obama Falling for Public Works “Stimulus”

It seems Obama is falling for the same flawed economic logic that fooled FDR back in the 1930’s.  The New York Post is reporting that Obama is wanting to push through a $500 million (4% of US GDP) stimulus package similar to FDR’s “New Deal”.

While investing in infrastructure, replacing bridges, and rebuilding roads is great for the construction industry, it suffers from “lag”.  Often, by the time the investment is felt from an economic standpoint, the economic issues are past.  It is not a quick fix to economic woes, as Roosevelt found out in the 30’s.

Jason Furman, one of Obama’s chief economic advisers, wrote, “In the past, infrastructure projects that were initiated as the economy started to weaken did not involve substantial amounts of spending until after the economy had recovered.”  Alan Blinder, another of Obama’s economic advisers, said that spending money on public works for the purpose of economic recovery was “wasteful”.

So here we are, looking at what essentially is pork (even larger than Ted Stevens’ wildest dreams) and it’s being pandered as an economic recovery package.  I have no problem with backing the repair of our aging and sometimes dangerous infrastructure, but I certainly don’t like the packaging.

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Posted under Economy

Written by admin on November 18, 2008

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