Even the Congressional Budget Office recognizes that any small positive effect of the stimulus bill would be erased by long-term economic stagnation and debt. And that was the previous version of the legislation. As Joshua points out from the Wall Street Journal, the "compromise" version the House votes on today is even worse:The latest version of the economic-stimulus package is expected to provide less near-term support for the economy and make it less likely that the economy will pull itself out of recession before late this year. Meanwhile, Karen Hanretty (via Jon Henke) explains why Barack Obama and the Democrats are trying to speed this disaster through:President Obama is in a race against time. Because you don’t build … [Read more...]
Beware Stimulus Spam from Nancy Pelosi and Congress in Your Email Inbox
You think the Nigerian email scammers are bad? Be wary if something like this shows up in your inbox. Well-timed and well-done comic relief from Big Hollywood's Ernie Mannix. Check it out. On a serious note, it isn't too late to make your voice heard about the bloated waste and economic poison most commonly known as the federal stimulus bill. If you're ambitious, you can follow Rossputin's lead and pen a letter. The least you can do is sign Americans for Prosperity's No Stimulus petition. … [Read more...]
Sign the “No Stimulus!” Petition
Update, 2/9, Noon MST: Here is a wonderful, brief article by Dr. Paul Prentice explaining the fallacy of the name "stimulus" for this bill and why it's a terrible economic prescription. Update, 2/9, 11:30 AM MST: Many, many visitors report difficulty getting to Americans for Prosperity's No Stimulus petition. Thanks to one commenter for pointing out another No Stimulus petition you can sign (from John McCain's Country First PAC). Keep up the good fight, everyone! Update, 2/2, 2 PM MST: Numerous commenters have pointed out they've had problems getting on the site linked below to sign the No Stimulus petition. Site hosts confirmed to me that a sudden and dramatic increase in traffic occurred after a mention on Rush Limbaugh's show, … [Read more...]