Saturday, December 5, 2009

Obama Toys With More Stimulus

The President is "warming" to the idea of another round of stimulus to help create jobs. President Obama promised to create new jobs with the enormous $787 billion stimulus. Unfortunately that didn't work to well as the unemployment rate continued to climb. Now democrats are yearning for more spending and more deficits to create jobs. The catch here is that most of the $787 billion won't be spent until next year or the year after, so this package alone may hit the economy at a time when we no longer need it and could overheat or otherwise distort the economy.

The current administration's idea here seems to be that if at first you don't succeed just spend more! I feel sorry for my grandchildren already.

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