President Obama's economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday. CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing.There are sane voices out there, but in the insane zeal to ram this turd through, is anyone listening?
That Biden bozo is already trying to manage the inevitable public outrage:
"While I appreciate the efforts of my colleagues to bring down the price tag of this bill, the fact is we still face a trillion dollar spending bill. Making it worse, the bill is 93% spending and only 7% stimulation.
"The good news tonight is that the American people are catching on to the fact that this is the largest spending bill in history and are becoming more and more vocal in their opposition.
Vice President Joe Biden acknowledged today that Democrats could face political repercussions in 2010 for their support of the $900 billion economic stimulus package. “If we do everything right, if we do it with absolute certainty, there’s still a 30% chance we’re going to get it wrong,” was his message at the meeting.If you ask me, "Hope" was a clearly a Trojan Horse. Now "Fear" has popped the hatch and is now pouring down the ladder.
So much for the president who in his inaugural address two weeks earlier declared "we have chosen hope over fear." Until, that is, you need fear to pass a bill.
And so much for the promise to banish the money changers and influence peddlers from the temple. An ostentatious executive order banning lobbyists was immediately followed by the nomination of at least a dozen current or former lobbyists to high position. Followed by a Treasury secretary who allegedly couldn't understand the payroll tax provisions in his 1040. Followed by Tom Daschle, who had to fall on his sword according to the new Washington rule that no Cabinet can have more than one tax delinquent.