Obamanomics - Failure Is The ONLY Option
Sorry I haven't blogged in a while... sometimes I just lose my muse for a while.
This stimulus is very troubling to say the least. The only thing really up for negotiation is the rate at which we're going to throw American taxpayers under the bus.
Unfortunately, NO STIMULUS package isn't an options because politicians have to DO SOMETHING when there is a crisis.
I've seen some Republicans claiming that being shut out of this process so the inevitable failure rests squarely on the shoulders of the Democrats and of course Hussein Obama. I don't think this will be the boon for Republicans they think it will be. For starters, the Dems have a much better spin machine than the Republicans so they will gesture wildly toward what seems like success and completely down play any failure. Even worse, they'll find a way to blame the failures on a lack of Republican cooperation. There is an even darker side to the failure. If Republican win in a landslide next election, they'll be so drunk with power, they will simply enact their versions of more government, more spending, more stimulus but in a "conservative way." They will show the people how to properly get this country moving again with a completely different set of spending bills, etc. They probably will not understand that the best thing for this country is to get the Fed OUT of our way, let the market take care of all the bad debt, etc. and the pain will be over quicker.
Prediction... Republicans will win in mid-term elections rivaling the Contract With America (*not that I think this is a good thing).