The CBO says that the recession will end this year without one. You can see why the Dems are so panicked to get this bill passed quickly. They’re afraid that they might, in Rahm’s words, “waste the crisis.”
[Evening update]
I have to give kudos to Doug Elmendorf. If he authorized the release of that report, he’s a brave man. He has a blog, though it doesn’t (yet) seem to mention the subject of this particular post.
Let’s just hope that he doesn’t learn the hard way about the “Chicago Way.”
A: It isn’t a stimulus.
We need a stimulus so that the Democrats can shift massive amounts of tax money to their supporters (ACORN, the unions) and vastly increase the number of Americans who directly recieve their daily bread from the government. The goal isn’t to stimulate the ecponomy (in fact, that’s not a feature but a bug) but to create a huge permanent Democratic voter base so that America can assume its proper place as a one-party, one-people, one-Messiah nation.
It’s easy to blame bama for this but in reality something like it has been coming ever since the Democratic Party decided to harness the counterculture “antiwar vote” in the late ’60s. When you sup with the Devil, bring a long spoon; and when you recruit America-hating Mao fanboys into your party to nail down their votes, accept that eventually they’ll be running the show.
Thanks, guys.
I have a stimulus plan of my own.
Have you guys noticed that every time a stimulus plan is announced, the stock market falls? And then come the headlines:
“US Stocks Weaker Amid Wait For Bailout Plan” MarketWatch
and
ABC News: “On the Brink: Dow Plunges on Fears House Will Not Pass Bailout”
No mention of the real news – “Market sees that Congress is socializing the US, and values plunge across the board.”