Republicans Should Call for a Stimulus Reset

The Dems seem to like the image of the "Reset Button." Let's use it on them. Nearly 2/3 of the $800B+ Stimulus Bill passed last year has yet to be spent. Clearly, the Stimulus Bill hasn't worked. It hasn't produced any private sector jobs. It has mainly fended off state and local public employee layoffs that might have occurred due to state and local government budget crises.

Now the Dems want to double-down on stimulus. They are being careful to call it "jobs" vs "stimulus" because they know the word stimulus has become discredited. But why should net new funds be spent on a "jobs bill?" Let's hit the reset button on the stimulus bill, claw back the unspent funds (which if they haven't been spent by now can hardly be expected to be stimulating anything), and use them to fund real stimulus, i.e. meaningful and permanent tax cuts. For example, making the Bush tax cuts permanent and more.

The case that the unspent billions are not stimulative, and merely represent shameless and unprecedented pork barrel spending, is easily made. And in the current climate of voter sensitivity to runaway spending, such a case would be most compelling.

In one fell swoop, the conservatives could reverse hundreds of billions of wasteful spending and the associated debt hangover, and find a source to fund the tax cuts we need to truly get the economy back on its feet again.

They Squandered $787B on a Bogus Stimulus, But Trust the Dems on Healthcare!

Robert J. Samuelson - President Obama, Democratic Congress's Squandered Stimulus: "It's not surprising that the much-ballyhooed 'economic stimulus' hasn't done much stimulating. President Obama and his aides argue that it's too early to expect startling results. They have a point. A $14 trillion economy won't revive in a nanosecond. But the defects of the $787 billion package go deeper and won't be cured by time. The program crafted by Obama and the Democratic Congress wasn't engineered to maximize its economic impact. It was mostly a political exercise, designed to claim credit for any recovery, shower benefits on favored constituencies and signal support for fashionable causes.

As a result, much of the stimulus's potential benefit has been squandered."

I think one of the main reasons the Obama train is hitting the skids is because a majority of Americans know that the they were suckered by the Democrats on the Porkulus. Trust in the Dems and Obama is deeply eroded.

A Picture Is Worth A Thousand Words, or A Picture Can SAVE A Thousand Words...

This YouTube video is awesome. It's true, the President inherited a mess. But he loves to throw around numbers and plans and agencies and trillions of dollars in tax money based on bogus economic models and projections like the ones lampooned in this video. We all knew the stimulus wouldn't work as advertised by the President. In fact, we knew that the stimulus wasn't a stimulus at all, just long litany of pay-offs to Democratic sacred cows, approved in a frenzy, under the cover of an economic crisis.

More Americans Want to Cancel the Shamulus Than Want to Keep It

The Weekly Standard: "Forty-five percent (45%) of Americans say the rest of the new government spending authorized in the $787-billion economic stimulus plan should now be canceled. A new Rasmussen Reports national telephone survey found that just 36% disagree and 20% are not sure."

Once again, despite media attempts to cover it up, there is brain activity in the American populace at large.

Mainstream Reporter With a Brain and Some Guts

The Weekly Standard:

"During a White House press briefing yesterday, ABC's Jake Tapper pointed out that unemployment is right about where an Obama economic adviser predicted it would be without the stimulus.

Tapper also noted that Obama had announced the 2,000th stimulus project the day before, but it turns out that this is the 2,000th planned project. Tapper asks Gibbs: How many projects have actually been started?

Gibbs will, uh, look into it: 'I can certainly look for a number."

Way to go, Jake Tapper! This exchange with Gibbs is a most effective exposé of the sham argument that the Democrat stimulus bill and massive budgets have anything to do with jumpstarting the economy in the short term.

Hilarious! We need some stimulating humor...

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Welcome to the Lost Years

One element of the tragedy of the Stimulus Bill is that it sets us on a course that will extend our economic woes for years to come. The inescapable result of government spending of this magnitude, funded by easy money supply, will be stagflation. The economy and investors, decimated by the collapse in the market, will have little opportunity to recoup their losses as long as we are mired in stagflation. Retirees trying to rebuild their nest egg, couples trying to save for a home, parents saving for college won't have the opportunity to recover financially in time for their retirement, their need for a larger home, or their children's graduation from college.

Of course, the socialists in our midst don't necessarily see this as a bad outcome. In puts big government in the powerful position of doling out retirement pensions, housing, and education. And the more we rely on government for our day-to-day needs, the more freedom we will be willing to cede to it.