On Jan 23, 2009, at 9:18 AM, Jared Earle wrote:
On 23 Jan 2009, at 14:13, Charles Bennett wrote:
In so much as Obama wants to effectively nationalize the banks and
the
health care system and take an ownership stake in the car industry I
hope his attempts fail too.
You'd rather the economy crash further than be wrong?
Surely you should be wishing for a full recovery regardless of what
medicine it takes ...
"regardless" ?
Of course not.
"regardless" is a Faustian bargain that doesn't actually lead to
more freedom long term by the promise of increased nanny state care.
It leads to wasteful squandering.
You want the folks that are managing the debacle of the first TARP
fund to manage the banks, the auto industry and the housing?
OMG, are you kidding me? I'd sooner give a teenager a bottle of
whisky and the keys to my car. He would be more responsible..
Besides, the CBO predicts that the recession will end in 2010 before
even half of the so called stimulus money will be spent
but, oddly, just in time for the 2010 house of representative's
election to spend it on pork. The projects spreadsheet are here.
http://www.cbo.gov/budget/econproj.shtml
None of those projections involve a stimulus package, nor the
government nationalizing the auto, banking and mortgage industry.
So "regardless" they project the recession ends 2010.
Why institute massive government involvement if your own projections
say that a year from now it will be moot.
What not let the people KEEP their Trillion dollars at home and spend
it however they want .
Why do the *VERY * thing the left has been bitching about the entire
Bush years of deficit spending and putting what will end up being
2 or 3 Trillion dollars of debt on the next generation if your own
projections say it's isn't needed?
The "why not" is that yelling 'crisis' lets the Left do things they
would have caused a revolt in years past.
I guess the why is that Americans are too stupid to pay attention.
2009->2016 progected GDP growth.
-0.4% 2.5% 5.2% 6.2% 6.1% 5.4% 4.8% 4.4%
No thanks.
=c=
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