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August 23, 2009

Why The Stimulus Didn't Stimulate

It's the uncertainty of it all.  Although he had to give up on his August deadline, Obama had planned to ram a health care bill through congress by telling everybody that this new trillion dollar entitlement would somehow control the cost of health care.  Nobody can see how that's going to work, and everybody wants to find out before making any serious investment decisions.  Mark Steyn sums up.

It didn't just fail to stimulate, it actively deterred stimulation, because it was the first explicit signal to America and the world that the Democrats' political priorities overrode everything else.

Of course, if you can't figure out how we are going to cut costs by adding 46 million more people to a government sponsored Medicare-like insurance system, while Medicare itself is going broke by the way, then you are nothing more than a racist retard.  Really.  According to Janeane Garofalo, anyway.

Posted by Tom Bowler at 07:09 PM | Permalink

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