“Spendulus,” “Porkulus,” and “the Generational Theft Act of 2009” are all nicknames some have given to the “American Recovery and Reinvestment Act of 2009” signed into law by President Obama last month. In light of Obama’s most recent statements about the economy an even more accurate moniker might be “Scamulus” considering how obvious it now is that everything leading up to passage of the bill was a master con perpetrated on American taxpayers. The con is not over either. We have simply entered the next phase.
“Scamulus” had to be passed in a big hurry. The rush was such that not only did Democrats and Obama break their pledge to allow for a 48 hour review period prior to the vote, but not even 24 hours were provided to read the 1400-plus page bill. The urgency of the bill, according to President Obama, was because America was facing an "economic crisis as deep and as dire as the Great Depression” and we could not afford to wait even 48 hours because it might turn into a “crisis that at some point we may be unable to reverse.”
After the big rush through Congress the “emergency bill” sat for four days until President Obama signed it. If it were not obvious then that the big rush had been a con, additional evidence would continue to mount over the next few weeks. The strategy was calculated. It was deceitful. It was manipulative. It was opportunistic. It was un-presidential. And unless tax-paying American citizens speak up it will continue to be effective, with some tweaks.
One real reason the "stimulus" bill had to be passed in such a rush was because it had to happen before the economy had a chance to rebound on its own. Not only were retail sales up in January,
advancing for the first time in seven months, showing strong increases in sales of automobiles and in general merchandise, but gas prices dropped significantly over the past several months. Even those who did not lose their jobs during the recession suffered from $4 a gallon gas. When gas prices dropped so significantly over the past few months, it put extra cash in peoples' pockets, making a measurable difference in many household budgets. This all happened before the passage of the scam stimulus bill.