What Are We Stimulating?

brucefan

EOG Dedicated
May 23, 2009, 6:00 a.m.

What Are We Stimulating?
The stimulus will do nothing for the economy, but it will advance the cause of statism.

By Mark Steyn


I was in Vermont the other day and made the mistake of picking up the local paper. Impressively, it contained a quarter-page ad, a rare sight these days. The rest of the page was made up by in-house promotions for the advertising department?s special offer on yard-sale announcements, etc. But the one real advertisement was from something called SEVCA. SEVCA is a ?non-profit agency,? just like the New York Times, General Motors, and the State of California. And it stands for ?South-Eastern Vermont Community Action.?

Why, they?re ?community organizers,? just like the president! The designated ?anti-poverty agency? is taking out quarter-page ads in every local paper is because they?re ?seeking applicants for several positions funded in full or part by the American Recovery & Reinvestment Act (ARRA)? ? that?s the ?stimulus? to you and me. Isn?t it great to see those bazillions of stimulus dollars already out there stimulating the economy? Creating lots of new jobs at SEVCA, in order to fulfill the president?s promise to ?create or keep? 2.5 million jobs. At SEVCA, he?s not just keeping all the existing ones, but creating new ones, too. Of the eight new positions advertised, the first is:

?ARRA Projects Coordinator.?

Gotcha. So the first new job created by the stimulus is a job ?coordinating? other programs funded by the stimulus. What?s next?

?Grantwriter.?

That?s how they spell it. Like in Star Wars ? Luke Grantwriter waving his hope saber as instructed by his mentor Obi-Bam Baracki (?May the Funds be with you!?). The Grantwriter will be responsible for writing grant applications ?to augment ARRA funds.? So the second new job created by stimulus funding funds someone to petition for additional funding for projects funded by the stimulus.

The third job is a ?Marketing Specialist? to increase ?public awareness of ARRA-funded services.? Rural Vermont?s economy is set for a serious big-time boom: The critical stimulus-promotion industry, stimulus-coordination industry, and stimulus-supplementary-funding industry are growing at an unprecedented rate. The way things are going we?ll soon need a Stimulus-Coordination Industry Task Force and Impact Study Group. By the way, these jobs aren?t for everyone. ?Knowledge of ARRA? is required. So if, say, you?re the average United States senator who voted for ARRA without bothering to read it, you?re not qualified for a job as an ARRA Grantwriter.

I don?t want to give the impression that every job funded by the stimulus is a job coordinating the public awareness of programs for grant applications to coordinate the funding of public awareness coordination programs funded by the stimulus. SEVCA is also advertising for a ?Job Readiness Program Coordinator.? This is a job coordinating the program that gets people ready to get a job. For example, it occurred to me, after reading the ad, that I might like to be a ?Job Readiness Program Coordinator.? But am I ready for it? Increasing numbers of us are hopelessly unready for jobs. Ever since last November, many Americans have been ready for free health care, free daycare, free college, free mortgages ? and, once you get a taste for that, it?s hardly surprising you?re not ready for gainful employment. I only hope there are enough qualified ?Job Readiness Program Coordinators? out there, and that they don?t have to initiate a Job Readiness Program Coordinator Readiness Program. As the old novelty song once wondered, ?Who Takes Care of the Caretaker?s Daughter While the Caretaker?s Busy Taking Care?? Who coordinates programs for the Job Readiness Program Coordinator while the Job Readiness Program Coordinator?s busy readying for his job? If you hum it, I?ll put in for the stimulus funding.

Oh, and let?s not forget the new job of ?VITA Program Coordinator.? VITA? That?s ?Volunteer Income Tax Assistance.? It?s an IRS program designed ?to help low and moderate-income taxpayers complete their tax returns at no cost.? The words ?no cost,? by the way, are used in the new Webster?s?defined sense of ?massive public expenditure.? Whoops, I mean massive public ?investment.? You might think, were you a space alien recently landed from Planet Zongo, that, if tax returns are so complicated that ?low and moderate-income taxpayers? have difficulty filling them in, the obvious solution would be to make the tax code less complex. But that?s just the unfamiliar atmosphere on Planet Earth making you lighthearted and prone to cockamamie out-of-this-world fancies. Put in for a Job Readiness Program, and you?ll soon get with the program.

Of course, it?s not just ?low and moderate-income taxpayers? who have difficulty completing their tax returns. So do high-income taxpayers like Treasury secretary Timothy Geithner. Tragically, they?re ineligible for the ?Volunteer Income Tax Assistance? program. Indeed, the Treasury secretary seemed under the misapprehension that it was a ?Volunteer Income Tax? program, which would be a much better idea. But, being ineligible for VITA, Secretary Geithner was forced to splash out $49.95 for TurboTax and, simply by accidentally checking the ?No? box instead of ?Yes? at selected moments, was able to save himself thousands of dollars in confiscatory taxation! Oops, my mistake, I meant that, tragically, by being unable to complete his tax return due to a lack of Volunteer Income Tax Assistance, Timothy Geithner was the only one of 300 million Americans to pass the Treasury Secretary Job Readiness Program.

SEVCA serves two rural counties with a combined total of a little over 40,000 households. If you wanted to stimulate the economy, you?d take every dime allocated to Windsor and Windham counties under ARRA and divide it between those households. But, if you want to stimulate bureaucracy, dependency, and the metastasization of approved quasi-governmental interest-group monopolies as the defining features of American life, then ARRA is the way to go. Oh, you scoff: ARRA, go on, you?re only joking. I wish I were. We?re spending trillions we don?t have to create government programs to coordinate the application for funds to create more programs to spend even more trillions we don?t have.

The stimulus will do nothing for the economy, but it will dramatically advance the cause of statism (as Mark Levin rightly calls it). Last week?s vote in California is a snapshot of where this leads: The gangster regime in Sacramento is an alliance between a corrupt and/or craven political class wholly owned by a public-sector union-bureaucracy extortion racket. So what if the formerly Golden State goes belly up? They?ll pass the buck to Washington, and those of us in non-profligate jurisdictions will get stuck with the tab. At some point, the dwindling band of citizens still foolish enough to earn a living by making things, selling things, or providing services other than government-funded program coordination will have to vote against not just taxes but specific agencies and programs ? hundreds and thousands of them.

The bad news is our children will not enjoy the American Dream. The good news is they?ll be able to apply for an American Dream Readiness Assistance Coordination Grantwriter Program. May the Funds be with you!

? Mark Steyn, a National Review columnist, is author of America Alone. ? 2009 Mark Steyn
 

driver8

EOG Addicted
Re: What Are We Stimulating?

Well the Bush administration was all about big government statism. So....
 
Re: What Are We Stimulating?

May 23, 2009, 6:00 a.m.

What Are We Stimulating?
The stimulus will do nothing for the economy, but it will advance the cause of statism.


All the same shit Obama is doing was tried in the 1930's and failed miserably. The only thing that Cretin oBama is stimulating is his dick from all that masterbation he engages in because he can't get any pussy anymore.
 

brucefan

EOG Dedicated
Re: What Are We Stimulating?

Here ya go Tank, another one that needs cheering up :doh1

<!-- end of the calendar div -->Denninger: Either Accept the Math and Damage Now Or Suffer Political and Economic Collapse
Author: Mac Slavo
<!-- end author div -->- July 9th, 2010
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Karl Denninger of TheMarket Ticker provides insights into why recessions are a necessary part of our economic system.
Contrary to popular opinion, government intervention is not required during recessions, and most often results in hindering the rebalancing of the system. Denninger gives us the hard mathematical truth:
I don?t know how much larger one could have made the so-called ?stimulus.? But just as in 2003 it failed to produce lasting prosperity or turn around the economy because the Ponzi Economic ?pull forward? on demand (via increased credit) had hit the wall.
That?s the ultimate failure of all of these so-called ?economists.? They simply disregard debt - on purpose.
This is idiotic, and worse, it?s intentionally misleading. Anyone with half a brain knows that debt has to be repaid, and that if you have an economic system with $100 in currency and yet permit someone to loan what part of it they have at interest it is inevitable that the interest will ultimately consume all of the $100!
The answer to that is usually ?emit more currency!? Yet this leads to a second conundrum - one can only emit more credit or currency (both spend the same) at a rate that matches growth in output, lest you get inflation. Inflation means that you really didn?t accomplish anything, as while there are more units of currency (and/or credit) available in the economy each one purchases fewer goods or services.
The only way to prevent this from happening is to accept periodic recessions in which both borrowers and lenders who take and make the weakest loans fail and go bankrupt.
That causes the credit and debt (remember, credit and debt are the counter-balancing entries on both sides of the balance sheet) to be removed - and balance restored.
Recessions are particularly hard on creditors that loaned capital unsecured, as they take actual uncompensated losses. Those who loaned capital in a secured fashion get the collateral, which may adjust in price downward to it?s actual value, but it doesn?t go to zero. The unsecured lender, on the other hand, is faced with a complete loss.
The feedback mechanism (losses suck!) cause lenders to increase the price of capital - that is, the interest they demand. This in turn causes people to be more adverse to taking out credit for anything other than productive purposes - that is, to speculate or consume.
Through this natural set of feedback mechanisms (known as economic pain by those who experience it) the market works to restore balance - and protect the monetary system as a whole.
Government interference with this process always introduces undesirable distortions. By picking winners and losers government causes misallocation of capital - that is, it subsidizes losing behavior. By preventing fools from suffering their economic fate, government suppresses rates of interest charged for capital, which inevitably leads to negative real rates and thus speculative asset bubbles (after all, if you?re going to get paid to borrow, you will borrow as much as you possibly can!)
?
We either accept the math and the damage that must be taken through our economy or we will suffer a political and economic collapse.
Those are the only options folks - we argue only ?when?, not ?what.?
Read the full article, complete with charts and math
We don?t need the government to help home prices, energy prices or employment to stabilize. The economic system will move towards equilibrium by cleaning out bad debt from the system - as long as the government stays out of the way.
Chances are that the government will not move out of the way. Thus, if Karl Denninger is correct about his mathematical assessment, then we should all prepare for the end result of their attempted machinations - and it?s not going to be pretty.
It seems to us that while Mr. Denninger attempts to provide a road map for our government officials to follow, he has also resigned himself to the likelihood of the end result being an economic collapse and destabilization of our entire system because no one in Congress is listening. The shit is going to hit the fan sooner or later, and as Denninger himself suggested in a previous piece If You Haven?t Acquired Self Defense Capabilities, the Time to Do So Was Yesterday.
We?d suggest that you also look into other ways to preserve your well being, as self defense capabilities will only get you so far if the system around us falls apart.
<SCRIPT type=text/javascript>AKPC_IDS += "6532,";</SCRIPT><!-- AUTHOR BIO INFO -->Author: Mac Slavo
Date: July 9th, 2010
Visit the Author's Website: SHTF Plan - When the Shit Hits The Fan, Don't Say We Didn't Warn You.


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tank

EOG Dedicated
Re: What Are We Stimulating?

Yes Bruce none of the stimulus's have worked and I never said they would but please continue to spread your manic depressant, the world is ending ,food riots ,anti-Christ,buy Gold ,MRI's, bottled water,Marxist,Communist,hyperinflation,chimp,and whatever else ''good'' news you can spread .When all this shit hit's the fan everyone will remember Brucefan and wished that they stocked up on the MRI's and bottled water.Oh the Gold too.Cannot forget the the Gold right Bruce??
What a sad lonely world some people live in!!
 

brucefan

EOG Dedicated
Re: What Are We Stimulating?

The sad lonely people in the world ,are the people who do not know the truth

They are being spoon-fed the garbage that the MSM feeds them, and listen to the lies and complete bullshit that comes out of the mouth of King Hussein

If the Dr tells the patient he has cancer, why is the Dr the bad guy?

Is is better to tell the poor slob he's fine, just keep eating fruits and veggies and I am sure that tumor will go away?

Do you think you will get this information I have posted, (the truth ), anywhere else except for maybe Glenn's show?

The media is complicit, the government cant tell you the truth, and President Obozo makes speeches about how much worse it would be without his trillion that got flushed down the toilet,

Then he makes sure you know, that the republicans acted alone in destroying our economy

If one person reads this info, buys some gold and silver to protect their purchasing power , it was all worth it.

If I can wake up one person who actually was dumb enough to believe in hopey change , and now is awake it was worth it

 

tank

EOG Dedicated
Re: What Are We Stimulating?

The sad lonely people in the world ,are the people who do not know the truth

They are being spoon-fed the garbage that the MSM feeds them, and listen to the lies and complete bullshit that comes out of the mouth of King Hussein

If the Dr tells the patient he has cancer, why is the Dr the bad guy?

Is is better to tell the poor slob he's fine, just keep eating fruits and veggies and I am sure that tumor will go away?

Do you think you will get this information I have posted, (the truth ), anywhere else except for maybe Glenn's show?

The media is complicit, the government cant tell you the truth, and President Obozo makes speeches about how much worse it would be without his trillion that got flushed down the toilet,

Then he makes sure you know, that the republicans acted alone in destroying our economy

If one person reads this info, buys some gold and silver to protect their purchasing power , it was all worth it.

If I can wake up one person who actually was dumb enough to believe in hopey change , and now is awake it was worth it

Welcome to the 21st century Bruce.I feel sorry for the people that think this all just happened overnight.What is really sad is when you have a viable 3rd party candidate and the corporate media and money master's bury him to suppress the truth.Anyone dumb enough to blame one party when it is obvious they are in this together and work for one ''man''will always be blinded by the truth.Keep up the good fight though Bruce and keep blaming Obama and one party while they both screw us.
 
Re: What Are We Stimulating?

Once the "stimulus" money runs out, the Bush tax cuts expire, energy rates "necessarily skyrocket" (including gas and oil) thanks to Hussein's draconian cap and tax, this Marxist health care kicks in...the economy is going to make brucefan look bullish. :blink:
 
Re: What Are We Stimulating?

Once the "stimulus" money runs out, the Bush tax cuts expire, energy rates "necessarily skyrocket" (including gas and oil) thanks to Hussein's draconian cap and tax, this Marxist health care kicks in...the economy is going to make brucefan look bullish. :blink:

Everything that Bush did should expire, not just his elitist tax cuts that primarily benefited the Wall Street executives.

I don't know what cap and tax is, but the oil prices only increase due to the greed of oil companies, political elite, and speculative oil traders. Everything else like supply and demand is only propaganda, as the Middle Eastern countries are filled with oil.
 

Munchkin Man

EOG Dedicated
Re: What Are We Stimulating?

Everything that Bush did should expire, not just his elitist tax cuts that primarily benefited the Wall Street executives.

I don't know what cap and tax is, but the oil prices only increase due to the greed of oil companies, political elite, and speculative oil traders. Everything else like supply and demand is only propaganda, as the Middle Eastern countries are filled with oil.

To ACCC:

It sounds to the Munchkin Man like you've been drinking:



The Munchkin Man hopes you sober up soon.

Best Wishes,

Munchkin Man
 
Re: What Are We Stimulating?

To the Munchkin Man:

I know that it is normal for you to criticize any post that does not praise Bush, Cheney, Limbaugh, or Hannity.

Your reply was coherent and insightful as always. :not:

Based on the picture of the fat Kool Aid man, it seems that you read my post as being ovelry pro-Obama. While I am not very satisfied with Obama, I would take a lifetime Obama presidency before another day of George W. Bush.

 
Re: What Are We Stimulating?

ACCC wants to spread the wealth around to losers and fundamentally transform the United States into Zimbabwe. 2938u4ji23

 
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