Punching Stupid and Evil in the Face Since 1986!

"We are on strike, we the men of the mind. We are on strike against self-immolation. We are on strike against the creed of unearned rewards and unrewarded duties."-John Galt

Friday, October 9, 2009

It's the uncertainty stupid

After spending all that money last February the folks at the capitol now think some tax cuts might help stimulate the economy.

Confronted with big job losses and no sign the U.S. economy is ready to stand on its own, Democrats are working on a growing list of relief efforts, leaving for later how to pay for them, or whether even to bother.

And now Nan wants to listen to economists.......hey that might have been a good idea back in February.

Pelosi said lawmakers need to hear from economists before settling on a package to create jobs. "What is it that we can afford? What works the fastest?" Pelosi said.
While I realize the President continues to assure us that the previous stimulus has worked and was necessary, there is simply no way to have that argument or rely on that as "truth". You cannot predict what would have happened if nothing, or less, or anything else had been done. Considering very little of the actual stimulus has been spent up to this point, I can argue just as effectively we could have done considerably less and had the same result. It seems someone agrees with me:
Rep. Dave Camp, D-Mich., the top Republican on the Ways and Means Committee, said: "The fact that they're putting forward all of these things is really an indication that the stimulus was a failure. It didn't work."
What our lawmakers fail to understand is businesses aren't hiring or expanding because the government keeps messing around with stuff. They are stepping in and changing contracts, they are making new laws concerning credit (which effects banks willingness to lend), they are ever-expanding government programs-spending money with no end in sight, and putting people in high places who are clearly against the free-market, capitalism and freedom.

The reason business isn't hiring and the economy is slow to recover? It's the uncertainty stupid.