As the Anointed One is in the process of signing the biggest Congressional Crap Sandwich in US history, I have a sneaking suspicion of how future events will play out. I’m looking towards the 2010 and 2012 election here…
The American Recovery and Reinvestment Act of 2009 does not “jolt” the economy into shape. No… most of the spending takes place in 2010 and 2011 (which is convenient because the Bush tax cuts expire then…hmmm, “spread it around a little”…but that is another post). Of course, not many people really understand the timing, assuming they’re even paying attention.
So, here’s what will happen…
Economies recover on their own, you cannot have growth and prosperity always… you must have corrections and downturns for the market to function properly. It is a natural checks and balance.
This bill will really kick in three years after the housing collapse. This is plenty of time for an economy to recover on its own. This is America for cryin’ out loud, we get it done. The speech will be…
“See, it worked! Happy days are here again, no thanks to the Republicans who doubted us in 2009… see, WE have the answers! Vote Democrat!”
Of course, there really is no true measure to know if it worked or not. The expectations keep getting lowered, listen to the speeches these days. Vague, full of loopholes. OK, this is how politics are played, I get that.
I have a problem with them gambling with my future and my kids’ future so they can get re-elected. They will claim recovery that will occur with or without them. Yes…that is exactly what this is…
{ 0 comments… add one now }