Author Topic: Predictions on the Economic Stimulus Plan  (Read 6325 times)

precisonline

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Predictions on the Economic Stimulus Plan
« on: February 14, 2009, 11:32:52 am »
My fellow Americans, our elected officials have made it clear that there is no stopping this $787 billion dollar "economic stimulus plan".  While we the people will be forced to pay for this plan, the government has seen it fit to hide the details of this plan from our view before they force it down our throats.  So I'd like to respond to this new "transparency in government" policy with a few predictions about how this is all likely to go down...

1)   Total spending for this plan will exceed 5 TRILLION dollars before this administration leaves office.

As the children's book states, "If you give a moose a muffin... he'll want some jam to go with it".  Giving this criminally negligent government $787 billion to do with as they see fit will only open the floodgates of more "stimulus" in the coming months.   I suspect within 6 months we'll see Mr. President on the TV again (made possible by all the MASSIVE dollars in this stimulus for DTV converters) saying "well, it didn't work like we had hoped, but if we just put this additional money behind it...".  SIX MONTHS.  Mark your calendars the day this thing passes.

2)   Following passage of this bill the stock market will show a brief rebound followed by a collapse of most if not all key market indicators.

The stimulus bill itself states that Americans "borrowed and borrowed and when they couldn't borrow any longer, the bottom fell out".  Yet, this is exactly what this plan is proposing.  Our government continues to borrow and borrow and eventually when there's no potential for any more free money, the bottom is going to fall out, decimating every segment of the American economy.  We complain now that the DOW is under 8K, but what's going to happen when it drops below 6K?  4K?  Lower, perhaps?

I believe a time is coming during this administration when we will look back fondly at when the stock market was in the 7000 range, with hopes that maybe, just maybe, it may get that high again in our lifetime.

3)   Countless Americans will lose their lives under the provisions of this "plan".

When the free money finally runs out and the hope of any economic future whatsoever has been completely decimated by this "plan", the rate of suicide, homicide, and other violent crimes will likely skyrocket.  Others with no bent towards criminality will simply starve.  More egregiously, with this "plan" having no appreciable increase in support for social services (police, fire, emergency) there will be little for local governments to do but watch the people die and the property burn.

This administration has, however, planned to spend loads of cash improving medical record keeping.  With this they should have no problems keeping track of how many Americans their recklessness has killed.

4)   The plan will not work as expected.

How can it?  The President himself stated in his latest news conference "We don't know how this is going to work."  If the author of this thing doesn't know how the last page is going to read, then what confidence do we that is, the people who are paying for it have that we're not going to be the victims in this story?

While I applaud the President for being bold in taking action, he should have considered that taking the wrong action is worse than no action at all.  Striding boldly forward without a clear picture of the end game didn't fare so well for the Titanic, and it won't likely fare any better for the American economy.  Of course, he might get lucky... or he might not.  In other words, our President is gambling a large percentage of OUR future earnings with no more chance of success than a game of roulette.

What do you suppose it might do to the economy if the president of Coca Cola or the head of one of the auto makers or a CEO of any of the large banks took a large percentage of their company's earnings and went to Las Vegas to bet it all on a single number?  If they pick a winner, people keep their homes.  If they lose, a lot of people are going to be negatively impacted, many displaced, and some even economically destroyed.  Yet, isn't this exactly the risk that this administration is assigning to "we the people"?

5)   Despite the total decimation of the American economy, the Obama administration will be completely sheltered from its impacts and exempted from responsibility.

Now that the President has spent all that free Party money he has the microphone and a contingent in this country so in love with his mantra of change that they would starve themselves and their children simply for the chance to shift blame away from him and his administration.

But let us not forget this plan is the brainchild of one man with a dream of change.  And regardless of how this turns out, there will be change.  In that way, this administration stands to be a roaring success.  The question remains, however:  Can we the American people survive such success?
-Kevin
Accidents "happen"; success, however, is planned and executed.

GBoiceJr

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Re: Predictions on the Economic Stimulus Plan
« Reply #1 on: February 16, 2009, 08:09:43 am »
Kevin,

I totally agree with your opinion.   When FDR forced his "New Deal" programs on the American people, it prolonged the Great Depression by many years.   It didn't work then, so what makes the crooks in Washington think it will work now?

Plus, with a provision in the bill, it will give the federal government oversight on health care.   So, instead of you and your doctor to decide what will be the best treatment for you, the damn government will to decide what's best for you.   

I think George Orwell had it right in his book, 1984, and it seems that we are heading this way.   ::)

  • War is Peace.
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And most of all, remember, Big Brother is Watching You. :)

In 2010, we Americans must take back our government.  If not, expect the new version of Newspeak to be out in our local bookstores, shortly afterwards.   <Doubleplus Good>   >:( :'(
« Last Edit: February 16, 2009, 08:20:11 am by GBoiceJr »
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precisonline

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Re: Predictions on the Economic Stimulus Plan
« Reply #2 on: August 30, 2009, 08:33:12 am »
Well, six months have passed since the "economic stimulus plan" was signed by President Obama.  Let's look back at my predictions and see how we've done:

1)   Total spending for this plan will exceed 5 TRILLION dollars before this administration leaves office.

Six months in, we're well on the way.  While this plan did in fact stimulate something, it seems that its greatest impact has been in stimulating the greed of those who are getting all this money, that is, members of Congress.  We the people are merely the funnel by which they are guaranteeing the presence of funds for upcoming campaigns.

2)   Following passage of this bill the stock market will show a brief rebound followed by a collapse of most if not all key market indicators.

The stock market has trembled a bit from time to time, but surprisingly it's not doing all that bad right now.  Now that the cash for clunkers - i.e. post-stimulus giveaway - money has run out, there's a very real potential that all this did was get the automakers all dressed up, and now with no more free money (for now), will there be any place for them to go?  This is also the risk of all this stimulus money, once all of the industries have gotten all dressed up for this free money, where will they go when that pipeline runs dry?

3)   Countless Americans will lose their lives under the provisions of this "plan".

While we've seen no trend towards this kind of violence in the past six months, the ill effects of all this free money are not likely to be demonstrated until the money starts to dry up.  Then we'll really see how great of an idea this was.  Watch what happens with the automakers and the "cash for clunkers" program; however this goes should be an interesting indicator of what to expect with the big money plan, of course, on a big money scale.

4)   The plan will not work as expected.

On July 5 (earlier than the six month prediction, btw), Vice President Joe Biden sort of admitted that the plan did not work as expected when he stated "We misread the economy".  (http://blogs.abcnews.com/george/2009/07/biden-we-misread-the-economy-.html) Of course, he also stated that they believe that the plan was the right thing to do at the time, and that they were forced into this by the previous administration.  Wouldn't this be a much more effective administration if, instead of pointing fingers back to the previous administration, they simply said "well, this sucks.  Let's fix it".  But no, it's all about blaming the other guy first, and giving themselves a political token they can cash in when their own ill-conceived plan goes awry.

The economy is not a Democrat issue nor is it a Republican issue.  It's an American issue.  We the people are all in this together.  And unless our elected officials pull their collective heads out of their butts and realize that their parties and the B.S. divisiveness ARE THE PROBLEM, nothing is ever going to change, at least not for the betterment of we the people.  And don't go giving me that "bipartisan" load of crap; That word is no more than a political buzzword to deflect attention away from the criminal actions and intent of a abusively negligent Congress.

So here we are.  This sucks.  We can fix this.  But what is more likely to happen is a Democrat-led Executive branch and Congress will blame the Republicans for the mess and when their ill-conceived plans get ugly, it'll be the Republicans fault.  But this is just one side of the equation; Republicans will do their own share of blaming the Democrats for all this debt, all the while trying to distance themselves from their own misdeeds.

We need leadership who can step up to the mic and say "hey, we screwed up".  If Vice Present Biden wasn't bought and paid for by the Party, I think he would actually come out and say "we screwed up".  But of course, the Party won't allow that, and so we have the unwilling, led by the unknowing, attempting the impossible, paid for by the future of we the people.

5)   Despite the total decimation of the American economy, the Obama administration will be completely sheltered from its impacts and exempted from responsibility.

This is a given.  Despite moderately shrinking acceptance numbers, President Obama is still a rock star in the eyes of the media.  Of course, the poll numbers that show his acceptance are all media-derived; all long as the media gets what they want the numbers will be solid.  Should Mr. President turn on the media and, well, DO THE RIGHT THING, his numbers will plummet.  But that's not likely to happen.  Mr. President, for all his faults, is smart enough to know better than to bite the hand that has put him where he is.

So, we're on the way my friends.  Let's see what kind of bizarre thing that Washington will do to we the people in the next six months.
« Last Edit: September 01, 2009, 06:39:07 pm by precisonline »
-Kevin
Accidents "happen"; success, however, is planned and executed.

precisonline

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-Kevin
Accidents "happen"; success, however, is planned and executed.