Feb 6, 2009

Stimulus?

truths about the stimulus package.
  1. There are two ways to pay for this massive pork bill: raise taxes, or print money.
  2. The bill will come due, either through inflation or tax burdens. Either way, you are going to pay.
  3. The fundamental thinking behind this package is flawed: it will not help to take from those who earn a living and spend wisely, and pass it to those who waste with monumental efficiency, expecting 7 figure incomes for their efforts.
  4. Small business needs a break from government's stranglehold, not more access to loans.
  5. You can't jump-start the auto business by handing cash to auto companies for doing nothing. You need to create an environment where people aren't afraid to buy a car because they might lose their jobs or have to deal with dramatically higher taxation and inflation.
  6. You can't jump-start the lending business by handing them cash. Lenders need release from the requirement that they make bad loans.
  7. 100% home ownership is not a good thing
  8. Where are the caps on Union Boss income?
  9. More money for Acorn (the group nailed for voter registration fraud)? How does that help?
  10. You are being duped. Your kids and grandkids are going to be billed for this debacle for a very long time.

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