Historic' Stimulus Is Egregious Waste
Taxing The Truth
These two editorials from Investor’s Business Daily touch on the errors of the stimulus package. In earlier blog posts I’ve discussed how government policies that encouraged banks to loosen their lending policies and the role of Freddie Mac and Fannie Mae have helped set the stage for the current crisis. Seeing all of the drama and demagoguery surrounding the stimulus package brings to mind an analogy: our current situation is similar to a doctor injecting poison into the victim’s blood, causing a person to almost die, then the same doctor heroically tries to “stimulate” the victim’s heart back to life. We’re supposed to gratefully grovel to the same person who induced the illness in the first place! It would be funny if it wasn’t going to cost us nearly a trillion dollars.
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