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Tuesday, January 13, 2009
David Limbaugh :: Townhall.com Columnist
Obama's Conflicting Goals
by David Limbaugh
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President-elect Barack Obama's enormous stimulus package would be scary enough without learning the details. To inject the same staggering amount of government-created or borrowed money into the economy as has already been spent or set aside for the government bailout when there's no proof it will jump-start our economy and no thought given to how we're going to recoup this money is madness. But when you hear some of the uses he has for this money, it is way beyond madness.

Let's put aside for a moment our valid objections to the Keynesian idea that the government can create prosperity simply by printing and distributing money as if it were "Monopoly" money. If that were true, the only limit to our sustained prosperity would be the amounts of paper and ink we could produce.

Let's also put aside the enormity of the liberal hypocrisy of railing against deficit spending for the past eight years, as Obama stands blissfully poised to dwarf those records.

Instead, let's just examine Obama's inflexible commitment to two conflicting goals, as evidenced in his interview on "This Week" with George Stephanopoulos: 1) spending the "Monopoly" money in a way most likely to stimulate the economy (assuming here the validity of Keynesian theory) and 2) spending the money in a way most likely to satisfy liberal social planners.

Obama said: "Here are a few things we're going to do. We are going to double alternative energy production. We are going to weatherize 2 million homes. We are going to create a much more efficient energy system."

Can someone explain how these ideas, apart from constitutional objections, are going to do much more than lower utility bills for those the liberal planners decide are worthy and please the High Church of Al Gore? But stimulate the economy? Please.

But Obama was just getting warmed up. "I think," he said, "we can create a new green economy. And that's going to be one of the keys to the 21st century." Perhaps someone can provide Mr. Obama and his advisers with some history textbooks detailing the miserable failure of the Soviets' various five-year plans, assuming such texts haven't been burned.

Obama further promised to use some of the "Monopoly" money to invest in health care and education, as if throwing play money at these problem areas has worked or will work to improve their quality or reduce their costs -- much less stimulate the economy. But who can doubt that they will make leftist planners happy?

Moving on, Obama, to make doubly sure to mollify his leftist critics out there, quickly dismissed the notion that tax cuts, even targeted ones, are as dear to his heart as spending. When Stephanopoulos asked him whether the tax cuts would really create jobs or he was including them just to get Republican votes, he said: "Well, let's look at the package as a whole; the bulk of the package is direct government spending." Boy, that's a relief -- knowing that most of this stimulus package will be based on failed theories. Continued...

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About The Author
David Limbaugh, brother of radio talk-show host Rush Limbaugh, is an expert in law and politics and author of Bankrupt: The Intellectual and Moral Bankruptcy of Today's Democratic Party.
 
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Very good article, David
Excellent analysis and explanation. Thanks

wobbie the liar
exactly why should we pay the slightest attention to a pervert who tells us how hot his daughters look when they dress like hookers.

Only sickos like you have sexual fantasies about their own children.

But the messiah won with fraudulent campaign donations, the efforts of groups like acorn to fraudulently register voters and the msm never ending attacks that painted him as a liar and blamed him for every thing that went wrong with the country.

But he ran against mccain who was the msm choice as they saw him as the easiest repub to beat and even if mccain had won, he is more of a dim than a repub anyhow,

So for the left there was no way they could lose the last election, both parties ran candidates fully in love with socialism
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