Okay so we’ve been hearing a lot about the $825+ billion dollar “stimulus” package that is working its way through congress aimed at combating the country's biggest economic crisis since the Second World War. This “stimulus” idea is being backed by the illegitimate, Kenyan born, fascist, Barack Hussein Obama and his administration of tax-cheats, corporate criminals, and super-liberal fascists. Today’s lesson will dissect his “stimulus” plan and attempt to come up with something that might actually benefit the economy. First lets take a close look at comrade Obama’s plan:
Obama’s “stimulus” package
This package aims at $550 billion in spending on new “projects” and another $275 billion in tax cuts. The first draft of the “plan” can be found here:
http://appropriations.house.gov/pdf/PressSummary01-15-09.pdf
Taking a closer look at the bulk of comrade Obama’s fascist spending plan we will see that he has set up a massive amount of needless spending agenda’s, and a tiny miniscule amount ($13.51 billion) will be spent to “attack the housing crisis” which is supposedly the catalyst that put us in the economic situation we’re in now. So I wonder how the government continuing down the same path of fiscally suicidal spending is supposed to “revive the economy.” How this is going to solve our current economic problems is unknown to me, but perhaps some liberal, bumper sticker rhetoric spewing, mongoloid will tell me in one of his hate e-mails.
Now an economic stimulus works in contrast to a monetary stimulus. Monetary stimulus is the encouragement or discouragement of lending by the Federal Reserve setting interest rates. Right now the Fed’s rates are basically at 0%, and it cannot lower them any further. So now we move to comrade Obama’s “stimulus” package as another tool in the box to “fix” the economy. Economic stimulus is another means by which a government can seek to boost its economy by increasing its GDP. This does not necessarily mean trying to increase jobs, and simultaneously trying to bankrupt a nation by reckless spending.
Now I disagree with the massive amounts of needless tax cuts. I’m not saying I agree with new taxes like most libs. In fact taxes are usually the death of the middle class which happens to be the driving force of a consumer driven economy, and I’m opposed to them for the sake of sound fiscal policy. However in our current economic situation our government will have to raise taxes if they are to get their budget deficit under control. It’s a shame comrade Obama and his dimwit supporters don’t realize that this “stimulus” is a massive economic train wreck waiting to happen, and the same economic crisis they’re trying to advert will only get worse because of massive government expenditures. In many ways it seems as if there will be a massive amount of capital injected into poorly ran corporations that will only lead to overexpansion and rapid inflation the likes of which have not been seen since the first Great Depression.
Now most people with an education (no CNN is NOT an education) will see this for the massive pork barrel project it is, chalked full of ear-marks that will put further unnecessary strain on you, me, your work, and our countries already stretched-thin budget. This failed attempt at doing anything to solve the core problem (housing crisis from which all other economic problems are stemming from) will burden all of us and future generations with reckless long-term budgetary obligations.
This will cause a rapid expansion of the US budget deficit and will force the government to borrow from other countries (again), which would only serve to weaken our geopolitical and economic power, and increase the risk of the US defaulting on its international debt, thus sparking a true financial catastrophe.
It is my personal belief that this is the true agenda of the limp-dick, child molesting, illegitimate, Kenyan born, fascist, mongoloid fuehrer Obama. In all reality this Keynesian stimulus plan will be wasted on paying for the government officials to disburse the bailout, corporate corruption, and incredible inefficiencies. In reality comrade Obama’s plan will likely create and sustain higher levels of unemployment and foreclosure than right now, just like FDR's New Deal did. (Sorry Obama-heads but this guy is a fucking idiot, and so are you if you are going along with this reckless and irresponsible spending spree in a time of unprecedented national debt). I know some of you naïve Obama supporting social rejects are saying “BUT WHAT IF IT DOES WORK YOU IDIOT!!!!” Well it will only mean the next economic downturn will be impossible to contain, and will prove disastrous to everyone.
A working “stimulus” plan
Plan 1: Cut needless government spending and lower taxes on all demographics. When things return to normal raise taxes back to their current levels, but raise them on the libs since they love taxes so much anyway.
Plan 2: Abolish the communist Federal Reserve Bank of New York. Repeal the 16th amendment and abolish income taxes as well. (This would be in accordance with the rulings of the supreme court).
Plan 3: Close the majority of our military bases throughout the world; specifically in non-strategic locations. Carpet bomb the entire middle east (no nukes so we can pillage their natural resources) and install “colonies” there to take control of whatever resources we can exploit and sell to the rest of the world for profit.
Well that’s it for today’s lesson everyone.
Now if you don’t mind, it’s about time for me to buy more short positions on financial stocks. I might have to invest in copper too since comrade Obama wants to lay something like 3,000 miles of new wiring for our “updated” energy grid. Have a nice day everyone!
Sincerely,
Mr. Economics
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