Economic Stimulus can work under the right circumstances, when done right, but this new stimulus bill will destroy what’s left of our damaged economy.

Why? I mean besides the fact that it loaded with pork?

  1. It is based on massive debt.
  2. It doesn’t put money in the right places.
  3. It rewards foolish behavior, while punishing those who act responsibly.

And now, since you’re still reading, I will explain.

President Obama says that the stimulous bill will create jobs, and that those jobs will pour money back into the economy. (Actually, most of what it creates is more government, but whatever.)

Sounds great! So what’s the logic defect?

Well, the bill creates new jobs, but not new businesses. So these new jobs will not be self-sustaining. They are only able to exist while money is being funneled into them. They don’t produce wealth, they consume it.

But that’s not all! The real problem is that our government doesn’t have the money to pay all these workers. So it will be borrowed (with interest), to be given to workers who’s jobs were “created”  to get the stimulus money into the economy, from which it was taken in the first place. Supposedly. (Sheesh, Obamic logic is hard to flollow.)

So, basically, we’re going to confiscate trillions of dollars from our own economy, pay finance charges on it, and put it back in. This helps us how?

But that’s not the worst of it. Here a few of the things Congress thinks will stimulate you.

  • $80 Million in aid to the Internal Revenue Service to provide health coverage to workers laid off because of outsourcing overseas.
  • $15 Million for Interior spending oversight. (What?)
  • $1.52 Billion for industrial carbon capture and energy efficiency improvement projects.
  • $50 Million for identifying sites to store carbon dioxide emissions.
  • $20 Million for training and research on safe storage of carbon emission.
  • $5.55 Billion for construction, repair and energy alterations to federal buildings and facilities.
  • $300 Million for the purchase of fuel efficient vehicles for federal fleet.

As you can see, the bill seems to be more focused on stimulating government than on creating wealth.

Come on, Congress, Obama! It’s a stimulus bill—you claim—so it should only be doing what you’re saying it will do; stimulating the economy!!! Do any of the above mentioned earmarks seem like they will stimulate anything, besides federal employees?

The dirty little secret: This bill punishes hard working Americans by confiscating, and wasting their wealth, and rewards lazy, foolish, and irresponsible people by providing them with things they haven’t earned or didn’t have the sense to keep.

So I ask, if you throw away your integrity and decency (something that’s all the rage these days), which side would you rather be on? The working end, or the getting end? — And what happens to our economy when no one wants to be on the working end any more?

If you’re still with me, I think you’ve probably figured out why this bill won’t save anything.