Wednesday, January 28, 2009

Republicans Figure It Out! No to big government boondoggle!

To my surprise, Republicans in the House found their voice....finally. They united with some Democrats who flipped to oppose the trillion dollar boondoggle bill.

Last year, before the financial woes, pork barrel was a bad name....now it is the answer to all of our problems if you believe the Left. Uh...excuse me the "post-partisan progressives" as they now want to be called.

The Heritage Foundation has an excellent article echoing my arguments of the futility of using public works spending to create jobs and economic growth. http://www.heritage.org/research/budget/bg2208.cfm

It might be helpful to remember that Hoover's first response to the Great Depression was to enormously increase federal public works spending. FDR picked this up with a fervor and nothing worked to reverse the problems for more than a decade. Good arguments can be made that economic polices of that era lengthened the depression.

Let's go to work creating new investment in long-term better paying jobs and real growth. Bring U.S. business taxes into line with the rest of the industrialized nations (we are the second highest taxer) and watch the private sector surge. It's the advice that the US (even the UN-UNCTAD) gives to emerging economies, which the Dems just cannot seem to apply at home.

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