Just Who Is Stimulated?

The stimulus package is an incoherent and ultimately fruitless exercise in government wastefulness and a power grab of monumental proportions. This is a policy with no precedent whatsoever that suggests it will be effective. The Investment Business Daily today had a few choice words to say on the subject in an article titled: Taxing the Truth which points out that the policies currently being pursued have never been successful. You know "never" "nada" or maybe "What part of The Great Depression was it that you didn't understand?"

So if objectively there is no reason to expect this stuff to work, and let's assume these guys have more than two neurons, so we can't simply ascribe it to idiocy, then there must be another reason. Sherlock Holmes would hit on it right away. It fits in perfectly with "a crisis is a terrible thing to waste" — this is just the biggest earmark opportunity ever. If you miss the boat on this one you're really a bozo so they all lined up.

One wonders how long Obama's honeymoon will be. So far it's hard to see anything he's done particularly right. It's going to be a long four years.