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Originally Posted by ateamstupid
It's difficult not to bring up Bush, because Republicans don't really have a leg to stand on in criticizing Obama for spending, when they defended the biggest spending administration in the history of the country. The hypocrisy is too delicious.
Why don't you tell me what exactly makes you so crazy about the stimulus? Don't link me to a Krauthammer op-ed or some WND blog post. Tell me yourself what your biggest problem with it is.
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Using Bush as a deflection device is typical.
I dont rely on op-ed pieces to form my opinions. I try to look at the facts. I also recognize a wolf in sheeps clothes which is how this thing was first attempeted to be sold.
Not everything is bad but some things are just insane. The education spending for example is totally over the top. Throwing money at education has never worked. And they are throwing about 150 billion at it. They could cut that number in half and it will have the same net effect and of course very little of it will help the economy in any way. Of course not a cent goes to private institutions which I suppose dont count anymore.
This is 85% social spending and 15% economic policy after the new cuts were made. That simply isn't a good thing at this time (or any time really but really bad now). Simply spending money that you dont have isn't economic stimulus despite what Obama says.
Where does that money come from? It has to come from someone in the form of taxes or the govt has to issues bonds to cover it. The person taxed has less to spend thus blunting the economic impact of the dollars given away. If you have a credit card you have to keep finding ways to put money in the bank if you want to keep using it. But this bill is spending money that isnt readily available and hoping that Mom or Dad will bail you out when the payment comes due. And yes Mom or Dad is rich people. You know the ones that create the jobs.