Monday, September 21, 2009

Economists, conservatives were right that the stimulus would have no positive effects

I've just finished going through some stacks of articles from earlier this year. Folks, many economists and conservatives wrote over and over for months, while the so-called stimulus was being debated and jammed through Congress, that the stimulus would not help the economy.

They were right! We were told (and sold a bill of goods) that unemployment would remain under 8 percent if the stimulus passed. Many ideas were presented by Republicans and conservatives on how to help the economy without deficit-busting, gov't larded pork spending.

We've been told now that it worked as planned (Biden), but now we have Obama himself telling us high unemployment will be with us for another year! Since actual conditions have consistently turned out worse than O's people have told us, will they ever admit to any failure of their policies? Not likely.

All economic downturns eventually bounce back up, but this recovery is not likely to be robust (4-6 percent increases in GDP) with the high tax, high regulatory, high deficit burden put on it by the O-dems. I hope I'm wrong, but we on the right were dead-on when we applied the learned lessons of how the New Deal didn't help (it delayed recovery by 7 years, according to UCLA researchers), and how ineffective gov't stimulus has been whenever it's been tried, compared to the Kennedy/Reagan tax reduction policies that really did boost their respective economies.

I hate for the harm to people and our country that occurs when the economy sucks, but it is not rocket science that the gov't cannot make prosperity--only when people, businesses, companies and corporations have more money--when taxes take less--only then does prosperity spread.

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