12 October 2009

Second Stimulus?

So now, recently there has been talk of a second stimulus bill to help the economy. Now there are a couple points i want to make from this. The first, is that they (specifically Nancy Pelosi) has said they don't want to call this a 'stimulus' but that is basically what it would be. Why not? Because stimulus has a bad name they claim. And almost everyone would agree it does. It didn't work, so why would you want to tell people you're gonna pass another one?

Point two is some what like the last part of my previous point, which is, it didn't work. The stimulus did nothing to stimulate the economy. It helped quadruple our national debt, jack up unemployment to 9.8 despite Obama told us with the stimulus unemployment wouldn't go over 8% (although when he said that it was 8.1%.) All it did was re-hire some workers, and spend money we don't have, thus raising inflation and interest rates. So why a second stimulus? because the first one didn't work. And they know it. But it's all apart of their left wing agenda.

Now regarding unemployment. We were told we had to pass the stimulus, and if we didn't it could get worse than the great Great Depression. So we were told unemployment would shoot up, if we didn't pass it. With the stimulus it was projected unemployment would drop. So far it has gone over, the projections for what it would be, if we had done nothing at all.

Where are the jobs? Where is the growth? Most economists will tell you with these economics policies, we are headed for a double dip recession. Stocks are up, yes but right now, they are in fact way down from the summer. This summer stock rally was most likely due to the fact that in the summer, people spend more. Now that it is October, stocks are falling again.

So when you look at the stimulus, what it's done, and what it hasn't done, what is costs, and what economists predict will happen, then how can anyone with common sense say we need another one. Another trillion dollars to our debt.

A second stimulus?

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