Rich Galen

Now that H.R. 1 has been signed by Obama, there will be a call from a senior Member of the House or Senate to a new Deputy Junior Assistant Associate Vice-Secretary of the Department of Transportation demanding that this particular part of H.R. 1 be enforced - and suddenly one of those "others as may be designated" is Bob's Transmission Shop in Lower Iguana which finds itself with a grant of $23 million to develop seat belts for buses used to transport Federal employees to and from lunch in Des Moines.

I have no idea if this is going to work or not. Obviously the geniuses on Wall Street - who are largely to blame for getting us into this mess in the first place - did not believe yesterday that it was going to work.

Most of us spend our working hours … working. And, thus, we don't spend the day tracking the Dow, the S&P, the NASDAQ or any of the other indices which indicate when we might be able to retire.

Given the state of my accounts I am now absolutely going be able to retire on a Thursday in the year 2154 at the age of 208.

If the stimulus package works coupled with the next round of bank/insurance company bailouts, more loans to the automotive industry and a subsidy to every person who has a mortgage they had no business receiving, then Barack Obama will not need Air Force One - he will be carried about by a team of Angels surrounded by a celestial chorus accompanied by heavenly trumpeters.

In this time of remembering the 16th President we should remember that when Abraham Lincoln coined the phrase a "government of the people, by the people, for the people" he did not have in mind that those toxic assets and bad debts would be transferred to the central government; to … us.

Either way, this is now Obama's Economy. He's welcome to it.


Rich Galen

Rich Galen has been a press secretary to Dan Quayle and Newt Gingrich. Rich Galen currently works as a journalist and writes at Mullings.com.