The Economy's Gonna Improve...
Didn't I tell ya?
Did you take me up on
the bet I made with my readers last Friday?After downplaying the Senate's passage of a new
Porkulus "Stimulus" Package the Senate was touting their astute ability to work together to reduce the package below $800 billion, I wrote these prophetic words:
I bet everyone who reads this a dollar of my "stimulus" payment that the final numbers meet or exceed the $900 billion plus cost they started out with Yesterday.President Obama went on TV tonight to defend the process which is coming to a close this week in conference committee just as the
Drudge Report is linking to this story tonight saying
the new numbers are now up to $970 Billion.And they're not finished.
They're saying this thing contains enough money to PAY OFF 90% of the home mortgages in the ENTIRE COUNTRY.
And the other funny thing is that it is all supposed to be about producing jobs...now nearly 4,000,000 of them.
Do the math...that's a cost of $242,500 PER JOB.
And what kind of jobs are we talking about here? Most likely...GOVERNMENT JOBS...because I've worked for myself for over a decade and I've hired a few people and produced a few jobs and private sector jobs don't cost anything close to a quarter million dollars each to create.
Do the math again...$970,000,000,000.00 is enough money to give every single person in the country--legal and illegal--about $3000 each.
And that $9.7 with an 11 exponent behind it??? ...that's not the end of the spending either.
That's just the start of the spending, because much of it will not go away in a couple of years. It's going to become permanent programs and entitlements that will not only go on for years but will GROW into money losing monsters like Social Security and Medicare/Medicaid.
(cue the sounds of the crickets chirping...)
But you know what?
I'm starting to not worry in spite of what they end up doing because a couple of things came to me in the past couple of days that made me feel better.
First of all, there's nothing I can do except complain because the election was over last November and my side lost.
Second, the telephone is starting to ring here in my consulting office's opulent World Headquarters situated on the banks of the mighty Tennessee River. In less than two months of business I'm getting proposal requests and within another couple of months I expect to have business coming in.
You know what the government is going to do for me in the process?
ABSOLUTELY NOTHING, except come in with a gun and take 1/4 to 1/3 of whatever I manage to earn and use it to pay for this ill founded illness we call government "stimulus."
Just give my money to someone that's spent the last two months sitting around cheering for the process and waiting on their stimulus check.
Third, I don't believe that they would seriously be spending this kind of money if they didn't know what a large minority of the country already knows after living through Carter, Reagan, Bush, Clinton, and Bush.
That is, that the economy is cyclic, it takes time to move, and whoever is in the Office of President is usually not responsible for whatever is going on in the economy--positive or negative--for the first two or three years in office...AND...
I say they know things are coming back regardless of what they do, so they're taking advantage of the achievers and producers for twenty years into the future by spending money on their constituents and if things really do improve the President and the Democrats will get the credit for getting things turned around.
They can't lose here, and if this "stimulus package" doesn't do it they'll just spin their eyes around in their heads, the media will join in with the
clammoring unemployed masses, and they'll be back knocking on my door in 12 months looking for another trillion and a half dollars to throw down into the Abyss.
They know I and people like me can't afford to fail, and therefore we can't afford for them (the Congress and their brand of Socialism) to fail no matter how much I disagree with them and their policies.
No matter how much I hate having to work for three or four months each year--from January to April--just to pay taxes, here I sit this morning working on the couple of forensic projects I have and working on marketing my services to other companies.
I don't need the President and the Government, state and local, to do anything for me but get the hell out of my way and let me do business.
Do things like reducing or eliminating "incorporation fees" when starting a new business, or not
having to pay "business license fees," "professional engineering registration fees," and having to spend a week of my time each year filling out ten pages of income tax forms?
Things like that is what I want in my "stimulus package," Mr. President.
You and your government, just go help somebody else.
Please?
