I am not very happy right now and it goes way
beyond the economy. We have had many years where the Republicans in charge in Washington forgot their Conservative roots. Regular increases in
the size and cost of government; amnesty for illegal immigrants; earmarks for
anything and everything; and government stepping into the free marketplace. We
have increased our debt to China so much that not only will our children be paying it
off but our grandchildren will probably be saddled with some of it.
Market corrections that should have happened in
the 90’s were hidden by our government making more money available to us. This
has resulted in our financial market leading the way into the recession we
currently feel. There are many problems going on in the economic affairs of
this country but the lack (see Refusal) of financial backing to many businesses
has caused them to cut back. We have Legislators giving out MILLIONS of OUR
DOLLARS like they were passing out pocket change. This is supposed to stimulate
the free market. The problem is the money they gave to the banks was used to
buy their competition and provide multi-million dollar bonuses to the
executives that put them in this position. Where will it end?
Now BILLIONS are going to the Big 3 and a new
President is coming into office with a different idea of economic stimulus. It
could be called FDR light but that wouldn’t be right. The amount of money Obama
plans on putting into public works projects will far surpass not only everything
that has been given out already but everything that FDR gave out in all his
terms of office.
In the first phase we are talking $800B to $1.3T
of our tax dollars split between the states for public works projects that will
be “shovel ready” within six months. Our Governor, Mr. Photo Op, is using this
new stimulus like a special bonus for running our states finances into the
ground. Why should he be different than the banking CEOs? We on the Laconia
City Council have already been asked to provide a list of municipal projects
that meet the guidelines; are large enough to put lots of people to work and
are projects that can be started within the 6 month window. He has already made
this request of all the cities/towns in the state as well as all of the state
departments.I was in awe on Friday when I read the same AP
story in all the newspapers:
With its emphasis on public works projects,
President-elect Barack Obama's plan for economic revival presents a
"once-in-a-life time opportunity" for rail backers in New Hampshire, according to the
state's transportation commissioner.
A ONCE-IN-A-LIFETIME OPPORTUNITY????
And that’s just one Commissioner appointed by
Lynch. He goes on:
"It's certainly the best opportunity that's come
around in decades, and frankly, it's the best opportunity for infrastructure
funding that's come around since the 1950s," said Commissioner George
Campbell
Oh yes, its like manna from the anointed one. He
hasn’t even taken office yet and this appears to be a done deal. I can’t say I
was too dismayed when I read about Concord’s City Manager Tom Aspell sending a letter last week to
members of New
Hampshire's
congressional delegation asking for money from the stimulus package Congress is
expected to approve next year. Aspell said the money would build up the city's
infrastructure and create jobs. He hasn’t even submitted a list of projects to
be done, he just wants the money, by January 21st please.
I wonder if President-Elect Obama remembers
history. The Great Depression, which ended almost 70 years ago is blamed for
economic recovery not happening until WWII started. Perhaps he is waiting for
the next World War to save us.
So I guess we should
give a big THANK YOU to all of the American Taxpayers and their
descendents for kindly donating to the cause,
YOU are now INDEBTED FOR US.
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