Tuesday, March 10, 2009

Porkulus Rumbles On

In once sense, the Obama administration and the current liberal Democrat power pyramid should be commended at least for being consistent.

They believe in big government and big spending in matters social and economic -- and are giving it to us in spades. (President G.W. Bush gets the non-coveted Blynken Raspberry award for going against his party's small government principles by giving us TARP in the first place.)

Only the gargantuan proportions of the trillions of dollars spent by the recently passed TARP and ARRA so-called stimulus bills could make the Senate giving final approval to a $410 billion spending bill to fund most of the federal government for the remainder of the year look small.

Visualize trillions of dollars here for some perspective.
  • President Obama said that "At this particular moment, with the private sector so weakened by this recession, the federal government is the only entity left with the resources to jolt our economy back to life."
  • Secretary of State Clinton stated: "Never waste a good crisis ... Don't waste it when it can have a very positive impact on climate change and energy security."
  • Barack Obama’s health care plan follows the Democratic template—an emphasis on dramatically and quickly increasing the number of people who have health insurance by spending significant money upfront.
  • Obama rescinds conscience rule, funds ESCR and overseas abortions.
  • House Speaker Nancy Pelosi said Tuesday she is open to introducing a second stimulus bill, but it's too early to determine the size of such a package and the timing on another major economic measure.
  • A Virginia Senator Jim Webb email states "This economic recovery package is designed to swiftly drive money into our struggling economy. While this legislation is an important step, other measures must be adopted to restore the health of our economy. These include appropriate reforms of our banking and financial systems, tax fairness, and measures to place the nation on a long-term path to fiscal responsibility. "
  • Virginia Senator Mark Warner's email states "The Recovery and Reinvestment Act is but one component of a three-part plan to restore our economy. We still have important work to do to address the foreclosure crisis and shore-up the real estate market and we also must take steps to repair our banking system."
The hits just keep on coming -- and it's only been 50 days.

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