Wednesday, July 7, 2010
Obama's "Stimulus" Has Failed
Mostly because there was NO WAY it could succeed (at least, by OUR standards)! Using tax dollars (taken from American citizens) to “stimulate” the economy doesn’t work because that does not create NEW wealth. It takes EXISTING money and redistributes it (that’s collectivism). ONLY new wealth created by the PRIVATE SECTOR can make the economy better. New wealth is created by entrepreneurs who take their own (earned) money and INVEST it in projects that both CREATE JOBS and PROFITS without taking money forcefully from others.
Of course, Obama is now trying to get a NEW “stimulus bill” passed under a new name. There have been SEVERAL “stimulus bills” passed under several different names, and NONE of them have helped a whit. The definition of insanity is doing the same thing over and over while expecting a different outcome. That’s what Obama and his accomplices are doing. All it does is create “slush funds” he can use to give money to his friends, who have already given much money to his campaign fund. (Financial Planning)
Of course, Obama is now trying to get a NEW “stimulus bill” passed under a new name. There have been SEVERAL “stimulus bills” passed under several different names, and NONE of them have helped a whit. The definition of insanity is doing the same thing over and over while expecting a different outcome. That’s what Obama and his accomplices are doing. All it does is create “slush funds” he can use to give money to his friends, who have already given much money to his campaign fund. (Financial Planning)
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