Monday, February 9, 2009

Obama's Spending Bill

"What do you think a stimulus is?" Obama asked incredulously. "It’s spending —that's the whole point! Seriously.”

source and article

"If you knew a bill in the U.S. Senate would cause a recession in 10 years, would you support it?" asked Sen. Jon Kyl, R-Arizona. "That's what the Congressional Budget Office, the bipartisan office that supports our efforts in the Congress, says about this legislation ... there will be negative GDP (Gross Domestic Product) in this decade as a result of this legislation."

Sen. Barbara Boxer, D-California, told opponents of the bill to "get over it."

read the CNN story

My thoughts: We are dealing with a group of economic illiterates who are convinced that the economy can be manage and that we can spend ourselves into prosperity.

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