Saturday, February 21, 2009

Your American Recovery and Reinvestment Act of 2009

Finally, after the Stimulus bill was signed into Law, We the people are allowed to see how the Democrats plan on spending out money, and it 'Ain't' pretty! After carefully reviewing the "American Recovery and Reinvestment Act of 2009", or the Stimulus Law for short, I've came to the same conclusion as our own economists and our Congressional Budget Office (CBO). There isn't any 'recovery' in the Law if anyone is looking for any 'quick fixes', the spending is spread out over a 10 year time frame beginning this year; 2009-2019. The CBO reports that they expect short term increases in GDP and employment. In the long term, the CBO expects the legislation to reduce output slightly by increasing the nation's debt and crowding out private investment, but noted that other factors, such as improvements to roads and highways and increased spending for basic research and education may offset the decrease in output and that crowding out was a not an issue in the short term because private investment was already decreasing in response to decreased demand.
On January 28, 2009, a full page advertisement with the names of approximately 200 economists who are against President Obama's plan appeared in The New York Times and The Wall St. Journal. The funding for this advertisement came from the Cato Institute. The ad stated, "... we the undersigned do not believe that more government spending is a way to improve economic performance. More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s... To improve the economy, policymakers should focus on reforms that remove impediments to work, savings, investment, and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth."
For the first time, but to late (as usual!) "We the people" are given a "By Pork" breakdown of how our present and future Tax Dollars are going to be wasted, and it's NOT recovery we are looking at folks, it's reinvestment! As usual with any Democratic orchestrated legislation, the big loser's in this "Act" is our Department of Defense, The Department of Veteran's Affairs was at the very bottom of the recieving line, (once again), at a paltry $1.2 Billion Dollars. Thats always how our Nations Veterans have been treated by the Democrats... The big winner's are; Education, Energy, Transportation, Civilian HealthCare. You notice I said "Civilian HealthCare" didn't you?
The National Republican Trust (PAC) has began a 'grass-roots' drive to give this Country what Obama promised, but is failing to deliver - Change! They, like the rest of us republicans, are fighting mad that our Party has let us down prior to voting on this piece of junk legislation! (Three republicans turned Rhino on us in order for the Dem's to pass the junk!) Senator's Susan Collins and Olympia Snowe of Maine, and Arlen Specter of Pennsylvannia. By turning their backs on their own party, they gave the Democrats the needed 60 votes to pass the Bill. In other words... without their votes the Stimulus Bill would have died in the Senate! The National Republican Political Action Committee and Republican National Committee (RNC) will work to replace these three Rhino's and send a message to all republican politico's "If your not a part of the answer, then your a part of the problem, and we will replace you!"

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