With amazing speed in the past few weeks, both Republicans and Democrats have agreed that our "economy"—which means different things to different politicians—is faltering so badly that it needs a "stimulus package".
What that really means is that this is a leap year.
Leap years have two features which are important. The first is that February has an extra day. The second is that we have a Presidential election.
This leap year has an additional feature. Our current President is term limited and his Vice President is not running which means that there is a truly open seat.
Truly open seats bring out the worst pandering possible from the taxing class and it takes only a small excuse to get politicians of all stripes to call for balanced budgets out of one side of their collective mouth while calling for pissing tax money away to somehow "stimulate" the "economy" out of the other.
The only difference is how much and who gets it.
In general, Republicans believe that businesses should get tax breaks while Democrats believe that the government should just write checks to everybody.
That makes Democrats the most intellectually dishonest since giving everyone a check means, essentially, giving back the money which was taken from us in the first place. "Here, have some of your own money."
At least the concept of encouraging businesses to invest in their own business has the effect of directly creating new employment opportunities.
During the Congressional hearings on the economic stimulus package the idea of giving upper income folks a tax rebate check was dismissed because upper income people would sensibly use the money to pay down their debt as opposed to pissing the money away on crap from China thus not actually stimulating the economy.
In short, the pols are actually begging us to act irresponsibly if they are kind enough to give us some of our own money back.
All of this begs the real question which is, what happens if we do nothing?
The real truth may well be that the only thing wrong with the economy is that it happens to be a leap year and the politicos want to use your money to try and turn out their base.
It is a fact that 97.8 per cent of all mortgages in the United States are being paid on time as agreed. That would hardly be a melt-down.
It is not the fault of the average guy who pays his or her mortgage every month if a bunch of stupid lenders loaned money to a bunch of stupid speculators who bought houses from a bunch of builders who overbuilt the market to sell to the speculators.
If they all go broke—don’t let anyone kid you—it will NOT impact YOUR long term future.
The Dow Jones Industrial Average is NOT an indicator of the economic health of the nation. It is an index of 30 stocks which is designed to reflect the stock price of a group of companies which aren’t even industrial in nature any more. And it is far closer to its all time high than its all time low.
The truth is that anyone in this country who really wants a job can find one.
Anybody who tells you differently has an agenda. And they’re lying.
The best way to stimulate our economy is for the government at all levels to get out of the way and stop screwing with it.
The last thing we need is a "stimulus package".