BARACK OBAMA'S ANTI - STIMULUS, STIMULUS

The much argued and Obama touted, "stimulus," package is making its way on Capital Hill with more garbage than real stimulus.

The graph to the right shows how the money will be spent and when. Notice that this, "much needed," stimulus money will be spent late next year and beyond which of course does nothing for the economy immediately as Obama and his Congressional buddies are trying to scam the American public into believing.

Of the 20% that is supposedly being spent this year following is a list of where and what the money will be spent on.

$650 million for digital TV coupons.
$600 million for new cars for the federal government.
$6 billion for colleges/universities – many of which have billion dollar endowments.
$50 million in funding for the National Endowment of the Arts.
$44 million for repairs to U.S. Department of Agriculture headquarters.
$200 million for the National Mall, including $21 million for sod. ( most to repair damage from the Inauguration )
$22 million for renovating the State Department

Additionally there is immediate funding included for contraceptives and funding for groups like ACORN. This so called ,"infrastructure bill," only dedicates 30 billion dollars or about three percent to infrastructure projects. Only 2.7 percent is going toward small business relief and this in the form of tax credits if employees are added and then only a 3,500 dollar one time credit.

Not one of the so called stimulus expenditures actually stimulates anything except excitement from liberals who are using this package as the catalyst for expanding government spending.

Oh in case you were wondering after interest is added this 825 billion dollar package will actually cost 1.2 trillion and that is if it is paid for by the end of 2019. If longer than of course the interest will be more. If it creates any jobs based on the inflated numbers that are being given by Obama those jobs will cost 217 thousand dollars per job to create. But the probability of creating jobs actually decreases when one discovers that the package creates 152 separate spending proposals, 32 new government programs with only 34 of the proposals having any possible chance of creating or saving jobs. Providing the money is spent as stated which NEVER happens in any government program.

This is the change and hope that was promised by Barack Obama. Changing the government from huge to much larger. Hoping that the country does not go bankrupt with all of the additional spending. Change that offers nothing in return and hoping that the American people continue to buy into his scam.

Ken Taylor