You have got to be joking……….

Just when you think the government couldn’t possibly find more ways to waste our money, Barrack Obama today outlined his plans to introduce ANOTHER stimulus package. According to President Obama:

“the nation must continue to spend our way out of this recession until more Americans are back at work."

I wonder if that would work for my credit card too?
Meanwhile, the President misses the irony of his announcement coming a day after the CBO’s latest stimulus report. According to the Congressional Budget Office, the cost per job created with last years stimulus money was just under $250,000.00 a pop. And that doesn’t even show how many jobs were prevented in the private sector by wasting a $1.4 trillion on government.

Obama seems intent on repeating the same mistakes that prolonged the Great Depression. In true Herbert Hoover fashion, he called for more government spending on infrastructure projects such as roads, bridges and water projects; and for new tax breaks for consumers who invest in energy-efficient retrofits in their homes.

The Keynesian view of the world that this president has is truly disturbing. Every time he talks about the economy he promises to spend more money that we don’t have. The government simply refuses to acknowledge that it has grown too large to sustain, so they come up with half-baked-reasons to catapult spending to new heights. If you want to grow the economy you have to increase the PRIVATE SECTOR workforce. All he is doing is taking limited resources out of the market and using them for his preferred area of business.

Meanwhile, images of Obama’s first major infrastructure project have been leaked on the internet. It aint the Hoover Damn, but I think it looks promising…….