Sunday, January 25, 2009

Economic Recovery

I have a problem with the Obama American Recovery and Reinvestment Plan. Actually, I have several problems with it.

Someone explain to me how $87 billion for Medicare is going to stimulate the economy.

How is $1 billion for school lunch programs a stimulus to the economy?

Sounds to me like recovery plan is an euphemism for "lets fund our feel good pet projects".

The plan by the numbers is a long range plan that does little to jump start the economy today. This plan is no better than the TARP which spent over $300 billion that no one can account for and that can't be traced to any improvement to the economy.

The plan prohibits pork. Ha! The plan congress is discussing sounds like pork disguised as a recovery plan. In the end they will feel good about passing something but will we be better off as a result?

Obama is right about one thing. It will take years to turn the economy around. Of course it will when money is spent on things that don't do a thing to effect a recovery!

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