Shocker: Only 10% Of “Stimulus” Money To Be Spent In 2009
A CBO report released around the beginning of February indicated that Obama’s “stimulus” spending spree would likely hurt the economy because it would represent a whole lot of government spending, that’s inevitably going to have to be paid for with a whole lot of new taxes, to “stimulate” an economy that was probably going to recover on its own by the end of the year.
Which is perfect timing for Obama, because that’s actually just before most of the “stimulus” spending will take place anyway. Meaning the economy will recover just in time for Obama to take credit for it.
Only 10 percent of the spending from the stimulus occurs in 2009. Which means that the vast majority of the almost $800 billion will be spent after the economy has begun to right itself. In other words, after the horse has already decided to return to the barn and close the door on its own.
For liberals, this isn’t a bug. This is a feature. In roughly a year’s time the economy will show signs of coming back to life (our infinitely adaptable free market can usually adapt to all but the most difficult road blocks thrown in its way by Government), and the media and Obama’s sycophants (I repeat myself) will be falling all over themselves to credit The One as our great economic savior.
Because he ram-rodded through Congress the most expensive, most unnecessary spending bill/expansion of government power this country has ever seen. And most of the public will probably buy it. Because they don’t know any better, and our objective and truth-seeking “fourth estate” isn’t interested in telling the whole story.
