Herman

Cain

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February 16, 2009

The Obama-Pelosi-Reid ‘Stimulus’: A Victory for Socialism

Despite an avalanche of objections from the public, the so-called “Economic Stimulus Bill” has passed Congress and President Obama will sign it into law. The result is bigger government and a smaller economy.

Since 65 percent of the $789 billion is spending by the government for the government, that means bigger government.

About half of the remaining 35 percent goes to tax cuts for workers. According to an analysis by Congressman Jack Kingston (R-GA), that means about 20 cents an hour for the average working American. That’s the same $800 per working couple or $400 per single worker that other stories have reported.

Advice, don’t spend it all at once.

The remaining half of the 35 percent goes to increased spending for government assistance programs. That’s good, because more of us may be getting in line soon.

The bill passed because of a populist new president (he says all the right things), the politics of fear and political pandering to the gullible at its best. It’s a perfect combination for more socialism.

Former Congressman Ernest Istook summed it up the best. “This stimulus bill is worse than just more big government, pork barrel projects, expansion of the welfare system and bailout of irresponsible state governments. It’s the road to perpetual debt.” (HumanEvents.com – February 12, 2009)

On the road of perpetual debt we will borrow more money from foreign countries that do not like us. We will experience more taxes, more political pandering, more politics of fear, more class warfare, more arrogance by the all-knowing political class (as opposed to the working class, the business class and the shrinking investment class) and even more national economic pain.

The Obama-Reid-Pelosi cure for more national economic pain – more spending, more taxes and more socialism! That’s just more pavement for the road to perpetual debt.

A lot of liberals are uncomfortable with the word socialism, because they do not want to scare off the gullible, those who believe the system has cheated them or those that believe that, now that Barack Obama is president, they will not have to worry about buying gas for their car or keeping up on their mortgage payment.

Liberals are even more uncomfortable when someone makes the analogy of this “rodeo” to another similar rodeo in history, namely, the fall of the Roman Empire.

That’s exactly what we are witnessing little by little and bit by bit. We are becoming just like the other smaller struggling socialist economies of the world.

And, that’s exactly what the rest of the world wants to see, a world of perfectly balanced mediocrity! Wow! How exciting.

The economy will get smaller because of less tax revenues from businesses. Many businesses can no longer hold on for some direct stimulus in the form of a tax holiday, which they did not get. My Economic Survival Tips for Small Businesses may give you some helpful ideas.

Income tax revenues will also be less because of higher unemployment. The tax on the whopping 20 cents an hour for the average working American won’t quite offset the shortfall.

Speaker of the House Nancy Pelosi stated it correctly after the House passed the first version of the Democratic-votes-only stimulus bill. They won the election, they wrote the bill, and now they have passed the bill – a victory for socialism.

But, We the People are still in this fight. 

© 2009 North Star Writers Group. May not be republished without permission.

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