Tuesday, February 3, 2009

"Stimulus"

The Deacon wonders if anyone actually understands what the Stimulus is supposed to be. At this point in time, the country needs a cash injection for infrastructure rebuilding and corporation crutches, i.e., we need to establish job growth. When we needed to do this during the Depression (possibly soon be called the 1st Depression?), we built things; after WWII veterans came home and needed work, we built things. Well, those things need to be rebuilt, and we need jobs, so let's go!

So, what is the problem the Deacon has? Well, you have health groups asking to call your Senators so the NIH receives it's $50 billion in the Stimulus package, groups like the Pickens Plan who want you to call your Senators simply because there is funding for wind energy technology within the over $800 billion package, even if you don't agree with the rest of the package. What? Let's burden everyone else for your selfish dreams? Who cares if there's wasteful spending in there! We can get something we want, and that's all that matters! That's the mindset that put us where we are. The Deacon wants you to think for a second. What happened with mortgage lenders? They were getting what they wanted, regardless of outcome, and where did they end up?

Say the Stimulus passes, and all those hundreds of billions of dollars is doled out to groups. Oh, they'd be so happy! In the years to come, what will they say when the budgets are introduced, and there's no money for them because of what happens in the next few weeks? They'll whine and whine and whine, and we'll fall farther.

Infrastructure, infrastructure, infrastructure, and the jobs will follow, the lending will stabilize, and the ship will be righted.

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