WTF???!!!??
"Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades."
The rest of the article is pretty even handed but this line alone made me, as Bill Maher recently put it, "drop my Bible that I was using to help me masturbate into my gun."
I suppose it's only a matter of time before the right begins to accuse the Wall Street Journal of being a communist newspaper:)
2 comments:
Are you crediting TARP or the stimulus bill?
The first line tells that this is an opinion piece with the work "appears" and yet the bill(s) were not significantly targeted this year. The rest of the article is all over the map with opinions and no direct evidence that the bills helped anything. Guess what? Stimulus and TARP were neither timely nor targeted correctly and the economy is recovering without any significant help. See:
http://www.heritage.org/research/economy/wm2454.cfm
and
http://www.nationalledger.com/artman/publish/article_272626828.shtml
Note:
"Many experts also warned that government spending of such magnitude couldn’t be disbursed in a timely way, and now it’s clear that most of the stimulus money hasn’t even been put to use. According to the White House website, recovery.gov – which tracks how the stimulus money is being spent – only 6.2 percent of the stimulus bill has reached the economy as of June 12. And the nonpartisan Congressional Budget Office projects less than a quarter of the total “stimulus” money will be spent before the end of this year, with the bulk of it distributed over the next three years. "
That's right, nothing significant happened this year and yet the economy is showing life. As much as the media and Obama want to claim credit, they did nothing except provide state governments temporary relief for their overspending.
“President Obama is attempting to rewrite history and hoping that Americans won’t notice. While the President may think Americans are not paying attention, they remember clearly his empty promises. He pitched this enormous debt package as an immediate boost to the economy that would quickly lead to more jobs. To suggest the ‘stimulus’ was sold as a plodding, drawn-out program with benefits to be realized in 2011 is a cavalier insult to Americans who must now pick up the tab for generations to come . If the stimulus wasn’t designed to create jobs quickly, what was the point? With the perseverance of our people, the economy will eventually rebound, but it will be in spite, not because, of this stimulus.”
—Republican Study Committee Chairman Tom Price (R.-Ga.), July 13
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