Wednesday, January 7, 2009

The Next Stimulus Package?

The President-Elect is talking up another Trillion Dollar stimulus package. Unlike the UAW Bailout Bill and the CEO Bailout bill supported by Rep. Gordon, the next bill, even if huge and 1/3rd of annual tax collections may actually have some positive parts to it.

It will add 10% to the National debt, a debt that has taken us 200 years to accumulate, but it may actually have spending that positively effects the economy, the citizens, and is in the purview of the government, even if it is mostly in the state or local realm of government.

The President-Elect is talking about tax cuts (which he campaigned against) and spending on infrastructure. In the former, it appears that it was simply rhetoric, campaign promises he knew he would break, or was too naive to know that it wouldn't work. At any rate, tax cuts are generally a positive thing. The more of your money you get to keep the better.

Unfortunately, I expect more out-of-control spending, rather than the correct and necessary spending cuts to go along with the tax cuts that are needed.

As to the 2nd part, infrastructure spending; this may be beneficial, though the amount he's talking about is worrisome. Already California and New York are lining up their pork projects and bailout bids. Though the TVA flooded my ancestral lands, burying them under lakes, the fact remains that it put Americans to work.

If, and that's a big if, this package is done right, it can have a significant effect on the economy and employment, beginning with the construction trades. It may just be the package needed. I'll withhold judgement until we see it.

The problem remains that in a 12 month period over two calender years, Congress, including our Representative have added 20% to the National Debt, not including the Annual Budget and first 10% was squandered on nationalizing banks and bailing out the very organization that strangled the American Car companies.

The problem is we have the same credit cards in the same college kids hands in this Congress as we did the last. They are following the dictates of Speaker Pelosi en masse. Corrupt Chicago Politicians, NY Elitists, and California Idealists continue to attain the rubber stamp of The Party, including our Blue Dog Democrat. Representative Gordon, you must break from the dictates of the far left. Please demonstrate that you are a free thinker and a true Representative of the Common Sense Citizens of Tennessee, not a lackey of Pelosi, Reid, and Obama, not a lackey of New York CEO's and Washington lobbyists.

Tennessee Taylor©2009, TNT, all rights reserved

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