Senator DeMint’s Straight Talk on Stimulus Plan
Anyone with even the slightest knowledge of things economic, realizes that the stimulus plan won’t work and is nothing more than politicians paying for their re-election votes. As with most things political, the politicians are buying their votes with taxpayer dollars.
It’s refreshing to see that at least one political leader has the courage, integrity and honesty to describe the stimulus for what it is. In a word, it’s pandering. Watch Senator DeMint as he calls a spade a spade.
Hat tip to Hot Air.com.
Senator DeMint on Stimulus Plan
In previous posts, the Mortgage Guy has explained why the stimulus plan misses the mark. The mark is the malfunctioning credit markets. Due to them, lenders won’t lend.
Without lenders lending, there is no way to avoid or find our way out of recession. The government can drop $100 bills to it’s heart’s content and the Fed can drop short term interest rates to zero and it won’t help with the economic problems we face today.
Our political leaders are making a huge mistake not focusing on the real problem. Keep in mind that it was mistakes on this scale, that allowed our political leaders to lead the United States straight into the Great Depression.
Of course this matters little to our political leaders of today. In their view, nothing is as important as their re-elections. Consequently, we are at square one in dealing with this recession and we have lost valuable time as well.
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