President WOW (Walk On Water) managed to get a stimulus bill rammed through Congress despite the Republicans finally discovering - after several years - that they had a backbone. The usual code words were tossed about in that this will create jobs, free up the credit markets, help those in mortgage free fall and punish who needs to be punished on Wall Street. Is this an echo? This is essentially the same thing I heard back in the summer. Maybe this time it will work since WOW must have a direct line to the presumed All Knowing Being (not MR) that watches all over us. Now the stimulus of taxpayer handouts back in the beginning of the year didn’t work although the $600 was nice. The various bailouts didn’t work. The companies that were given cash (ours) will soon fail or be drastically changed. Now we have the new and approved version for a price tag of 1.3 trillion dollars. Real key is housing market and that is just plain dead.
I have watched some of the talking heads and a good portion of this package is merely following up on campaign promises and has little to do with stimulus. We have heard of the ATV trails, endowment grants and all the other fluff. A good 25% of this bill is nothing more than permanent items that will stay with us forever. Now many and probably most are worthy but the intent should be NOT to add them to a package designed for something else. The Senate from what I have seen and read will examine this closely and may have significant changes. IMO the end result will be the same…this economy is going to have a lot of problems for a very, very long time and adding excessive debt to spur on inflation is not going to solve anything. Do not reward bad behavior.
I guess that’s about as close as I’ll get to the more sophisticated blogs - you know - the ones with links, cut and paste, color backgrounds and clever videos. In the meantime the talk of the illustrious Mr. Bond continues although significantly diminished as the week wore on. To some he is Benedict Arnold and to others Winston Churchill and to most I suspect the view is the same as me. A small town politician who had a public hussy fit. We have all posted our versions of the histrionics involved and some - such as Rocky - have even posted real links! I’ll overlook it this time, Rocky, but if you continue to post facts to back up your positions you are looking at double secret probation.
Post away. All are welcome.