Tuesday, July 21, 2009

The BS Package is Not Working

This article from the Washington Post gives a really good report on the BS Package and why the economy isn't really moving. Of course, the 'BS Package "was mostly a political exercise, designed to claim credit for any recovery, shower benefits on favored constituencies and signal support for fashionable causes." The author mentions the package was "an orgy of politically appealing spending increases and tax breaks." As if we didn't see that coming.

With an open ended spending bill that no one read being rushed through, of course the authors are going to put in a bunch of projects they couldn't fund otherwise. And, of course, there are issues with oversight and fraud in any government program, especially one as large as this. Heck, the bill isn't even creating jobs, as it was intended to do1.

Tell me again why we had to rush passage of this bill?

1 - Notice the date on the articles, February vs. May. Same Network, different news.

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