New Economic Stimulus Plan

It has taken me a while to catch on, but I think I am starting to get the economic stimulus program that President Elect Obama is proposing. We can see the program taking shape in the inaugural whistle stop tour leading toward the 20th on the mall in Washington, as hundreds of millions of dollars are bring spent to create jobs and stimulate local economies along the way. If people are losing jobs in the recession, all that needs to be done is to hire unemployed workers for security and service jobs along the way, fill up the hotels and provide the local restaurants and street vendors with crazed and trapped DC visitors to spend their money, and viola-instant recovery plan. 

Once this starts to take hold, then we can use this model all over America to employ people in short term solutions so they have money to spend, and even throw in a dose of tax "cuts" to spur the recovery along even further. Never mind that the cost projections for this inauguration are estimated to be 5 to 6 times the cost of the '01 Bush inauguration, or that all of these jobs are temporary at best, or that our spending deficit is at obscene levels and projected to continue for several years. Never mind that defining a tax cut to include people that do not pay income taxes is a play on words at best and deceitful at worst, and never mind that the projected 825 Billion "shock and awe" stimulus project that will likely be voted on within days of Obama taking office includes over 500 Billion in entitlement projects that we were promised would not happen. I was one that intended to wait and see what Obama was going to do, for often those who are the most fervent supporters during an election are among those who are most disappointed after the election, but the respect due to his office must be tempered with some anxiety that he now plans to take our nation in a direction that has be tried before, and failed on the shoulders of oppressive taxes, regulation and government run programs.

This is welfare, plain and simple, promoted by the government using tax dollars that could be used much more efficiently by family, friends and neighbors to provide for those in need than by our federal government. When that money is taken from us, we are less able to provide for those needs on a personal level, and the inefficiency of the programs designed to provide for those needs wastes our combined resources. I am plenty angry about my money being taken and used in ways that I may or may not agree with, but I am more angry about those resources being removed and lessening my ability to support needs that I can see right in front of me.

We have managed to elect a President that is using the current economic mess, one created by the combined reckless spending of Republicans and Democrats alike, as an excuse to actually go even further down the road of reckless spending instead of an excuse for restraint. I use the word restraint because it was the word Barack Obama used during the debates with Senator McCain when referring to economic policies that included entitlement spending. The high cost of this inauguration alone is symbolic of where we are going. I realize a big chunk is being paid for by private donors, but Sharon Stone and Steven Spielberg paying out millions so they can come and weep at their accomplishment of helping elect Obama is less than a third of the total cost. Who pays the rest? The taxpayer.

The government is going to be allowed to intrude even further into our lives, and to take an even greater role in continuing the sloppy and wasteful management of people's needs that can only be solved by limiting governmental influence in their lives and turning over their "care" to local communities, faith based organizations and families that know and love them. We cannot rely on the media to report in an unbiased way on this subject, they are weeping along with the Hollywood elites and can't see through the fog of their own tears, choosing to spend their time whipping President Bush on his way out and coddling the new administration that they elected by virtue of their reporting. If they would only show a shred of fairness and report these inauguration costs as they had blasted Bush about them in '01 (40 million compared to an estimated 200 million for Obama), I would start to give them some credibility again.

People have needs now more than ever, and those needs must be met by other people that know their situation and care about them on the local level. We need neighbors to look out for those that are out of work, helping them with electric and heating bills until they can find something else, keeping an ear open for jobs that can provide for their families. We need businesses to be allowed to spend time looking into ways to promote new income and hire more people, which starts with time spent focused on their business instead of onerous regulation and laws, complicated and overly expensive tax issues and new requirements that will only stifle American entrepreneurship. As a small business person, you can get to a depressing place very quickly, a place that replaces the care and obligation for employees that are helping to grow the business with a feeling of apathy and comments like "let Obama take care of them." 

This is not a healthy place to be, and the more we coddle and support this direction, the worse it will get. I warned of the potential for economic disaster several years ago when the stock market was at 14,000, even to the point of suggesting that a small % of your investments should be in "hard" assets. I wish I had suggested more, for given the direction we are heading, the consequences of inflation and higher interest rates are sure to erode our ability to provide for our families even further. The only "shock and awe" program that can get us moving again in a long term solution is something akin to the Fair Tax, a huge jumpstart in the private sector that will stimulate businesses in a way never seen before, rather than a replay of the Great Depression programs that did not lead to long term employment and paved the way for the eventual demise of our hardworking and productive society.