Tag Archives: Economy

Fear Mongering

http://news.yahoo.com/s/ap/20090205/ap_on_go_pr_wh/congress_stimulus_126

Times are tough and many of us know it.  We know it because we have friends and family who are laid off, due to the economic downturn.  And, everyone wants the economy to bounce back so our dear ones can go back to work.

However, President Obama’s knee jerk reaction to what is a cyclical downturn of the economy — something that happens over and over — is not going to fix the problem.  Spending tax dollars will NOT  stimulate companies to increase production nor encourage business to start hiring again.  Spending us into oblivion and a national debt that will never be repaid will only create more taxes which, in turn, depresses business. 

In a recession, it is important to lower taxes so business is competitive with the world economy.  Then, they can hire more people.  Once people are working again, they spend money.  In turn, businesses hire MORE people to provide the products that working people are asking for.  Just because we are in a dip in the road now does not mean that the road leads to disaster.

Through this stimulus (bailout) bill, Obama is trying to scare us into enacting more governmental programs and he is using the economic downturn as the stick.    He threatens dire consequences if this particular budget bill is not passed.  But, do we really need the foolishness that this bill encompasses?  Do we need to rebuild facilities leased by the government?  Do we need to create MORE governmental agencies, such as Universal Health Care?  Do we need to bailout industries that are outdated and uncompetitive?  Do we really need to pay more taxes so that someone else can decide where our money goes?

Even if you believe in bigger government, this stimulus bill is stuffed full of Lieberal programs!  It was meant to boost the economy, but the first bailouts have had little effect.  Democrats have succeeded in frightening people into believing that we are heading into disastrous economic times and they use this fear to try to hustle an unread, undiscussed bill with enormous consequences through Congress.  The President would have us believe that there is no time to discuss the bill, much less read it!  Considering that the bill is reaching toward the trillions, this is not only arrogant, but it is stupid.  The President and the Democrats exemplify politics at its worst.  

Obama should be using the presidency to boost morale and to encourage business, not follow the nonsensical Democratic theory of  spend, spend, spend.  And, if the Democrats won’t listen to reason, Obama must ride roughshod over his own party.  Otherwise, his calls for instantaneous passage of the stimulus bill is nothing more than fear mongering at its worst.

The Fox in the Henhouse

Although most legislators bewail the plight of the “poor” who have lost jobs or had to take pay cuts, they apparently can’t see the contradiction between their pious words and giving themselves a pay raise!    Oh, sure, it is only another couple of million dollars that will HAVE TO COME FROM TAXES, but “so what?”  is their attitude.  Why are we not surprised?  And, where are our representatives who were elected  to work for the common good, not their own financial advancement?

Based on the low approval rating for Congress, I think that most of us realize that those who supposedly represent us are actually using their offices for their own personal gain or re-election.  And,  by giving themselves a pay raise so soon after an election, they are quite sure that their greed will be forgotten by the next election.  They are probably right.   

It is a sad commentary on our legislators when we, the American public, are little safer than chickens in a henhouse, clucking loudly as the fox approaches.  We have little protection from their predations and little hope for the future.  Maybe it is time to bring out the hounds from hell to drive those foxes away!

With economy in shambles, Congress gets a raise
Posted: 12/17/08 05:41 PM [ET]
A crumbling economy, more than 2 million constituents who have lost their jobs this year, and congressional demands of CEOs to work for free did not convince lawmakers to freeze their own pay.

Instead, they will get a $4,700 pay increase, amounting to an additional $2.5 million that taxpayers will spend on congressional salaries, and watchdog groups are not happy about it.