I can't say that my personal huge extra government check won't be appreciated--after all I've got bills to pay--but the boon I'm about to realize from the economic stimulus package that Congress passed, in one week with strong bi-partisan support, is a con that doesn't begin to address the underlying causes of the recession that we are now undeniably in.
Sure, we're all getting some cash to spend, and we're expected to spend it the day we get it, because the markets are in trouble. The problem is that that spending jolt will have little or no effect on the forces driving the financial markets into the ground. It is too little an amount to make a difference, although it could have a real impact if the entire amount of the stimulus package was distributed to the "little guys" (us), but the bulk of that $150 billion giveaway is going to the very people whose shady, shoddy, unethical, and criminal dealings precipitated this mess.
As usual, I'm posting links to several good articles on this subject:
Here, and here, and here.
And why the sudden rush to action, when all of us "commoners" have been in a recession for months and years? As David Sirota explains, it's the people and corporations who control our government that are the ones feeling pinched now, and when they snap their fingers, our legislators sit up and pay attention.
And who do you suppose is going to finance this addition to our budget deficit?? Can you say "China"?
Last, but not least, here's a really good rant. I like this guy!
Government for the people? No, definitely not.
Sunday, January 27, 2008
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