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Can President Obama's $800 billion-plus stimulus plan work?

by Tony El

Created on: February 10, 2009   Last Updated: March 20, 2009

Is it just me that the U.S president seems in an extreme hurry to ram this "stimulus" bill through Congress without any thorough debt, examination, or exchange of views? He just got into office. Where did he have time to gather all of the pertinent information to create a 600 plus page bill that is expected to cost over a Trillion dollars, according to the government's General Accounting Office? Or is he the one that should be getting all of the attention or credit?

This is supposed to be a bill to bring the country out of it's dissention into the economic abyss, but this bill is not only expected to do anything close to making the government's ledger balance, but take it to the edge where it will have to borrow Trillions and Trillions for generations of Americans to come, to the point of not being worthy of being able to borrow anymore money from any nation, not even the Communist Chinese. The Communist Chinese are the biggest buyer of the government's debt. And for their generosity, China takes those debt notes, is allowed to flood our markets with their imports that drives our goods and jobs out of existence, creates a military that reportedly hacks into our nation's computers over a million times a day, and will soon surpass our military in space, in the seas, and on the ground in the not too distant future. But, the question needs to be asked by us all, why is this Administration so in a rush to push through a bill, that has been describe as one to stimulate the nation's economy, by the accounts of it's accountability office, will do nothing of the sorts?

This so called stimulus bill will boost the federal government's size and scope to gigantic proportions and take over sectors of the economy, such as banks, therefore socializing these now private sectors, without any evidence that it needs the government to do such a thing, or how by the government's takeover of these sectors will stimulate economic growth. As I look at other socialized institutions, such as the U.S Postal System, and nations, such as Europe, blustering economic growth is not, nor has not, been the outcome.

If socialization was such a great engine for economic growth why is it that America has been kicking the European's butt economically but since our creation? This economic crisis is due to a bad economic mixture of high taxes on business and individuals, low individual savings, flood of cheap labor, the exodus of high paying jobs, and a fiat money system [federal Reserve Notes] that

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