Herman
Cain
Read Herman's bio and previous columns
February 2, 2009
It’s the Political
Stimulus
This extended celebration of President Obama’s official move into the
White House, plus the current economic crisis, has given the Democrats
in Congress a convenient cover to try to steamroll their long-awaited
list of socialist policies and pet pork projects into law. In the
process, we the people get the shaft again.
In
response to the latest pork projects derby disguised as an economic
stimulus bill, Speaker Nancy Pelosi said, “We won the election, we wrote
the bill.” (Wall Street Journal Editorial, January 28, 2009)
So
why did President Obama even bother to meet with House Republicans to
talk about bi-partisan cooperation, which was a front page USA Today
story last week? Pelosi and the House Democrats proved that it was just
more bipartisan rhetoric, as they proceeded to pass the so-called
stimulus bill with zero Republican votes.
President Obama has also met with Senate Republicans to gain their
support for bi-partisan cooperation, as the Senate considers the House
Stimulus Bill. The Senate will probably not get the same result of zero
Republican votes, because a few RINOs (Republicans In Name Only) have
always voted with the Democrats. The best we can hope for is that the
Democrats will not get the 60 votes needed to end debate, which might
force the Democrats to gut some of the pork out of the legislation.
President Obama said during his transition from senator to president
that he would not allow the economic stimulus bill to contain a long
list of pet pork projects. Let’s see, according to the same WSJ
article referenced above:
“There’s $1 billion for
Amtrak, the federal railroad that hasn’t turned a profit in 40 years; $2
billion for child-care subsidies; $50 million for that great engine of
job creation, the National Endowment for the Arts; $400 million for
global-warming research
(It snowed in Las Vegas
– the desert – a few weeks ago) and another $2.4 billion for
carbon-capture demonstration projects. There’s even $650 million on top
of the billions already doled out to pay for digital TV conversion
coupons.”
I
suppose it depends on how you define “long list”, and that’s just a
sampling of the pork report on the legislation.
Overall, the House stimulus bill is two-thirds spending and one-third
business and tax incentives. Most of those incentives are so small and
scattered that it is unlikely they will have a big impact on anything.
Fox News has reported that 39 percent of the House stimulus spending
bill will go to state and local governments. That means more government
jobs, while many businesses are being forced to reduce their workforces.
That means less tax revenue to pay toward the skyrocketing federal
deficit.
The impact of the federal deficit on the tsunami national debt is not
even a consideration by the new administration and congressional
Democrats. Remember,
President Obama said “deficits don’t matter,” and the Democrats in
Congress quickly jumped on the bandwagon.
By
all objective accounts, the House “stimulus bill” is not an economic
stimulus bill. Business commentator Ben Stein called it a political
stimulus bill. He’s right.
The economic crisis is going to be here for a while. So the longer
Obama, the Democratic leaders in Congress and the mainstream media can
continue to extend the celebration, the more they will be able to
steamroll legislation into law.
In
the meantime, we the people continue to get the shaft.
© 2009 North Star
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