The Change We’ve Been Waiting for? Stimulus and the “Summer of Recovery”

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The discouraging economic news has been plenteous — and worse, completely predictable.

Unemployment numbers are absolutely dismal. The demand for manufactured goods is constricting. Existing and new home sales are plummeting. Even auto sales are plunging. The Dow Jones Industrial average has declined for six days in a row, dipping that economic indicator back below its powerfully symbolic 10,000 mark.

This is all bad news for America, and calls into question the Veep’s odd and precocious thoughts of a Summer of Recovery.

All the while, we have Speaker Pelosi positing the economic theory that UNEMPLOYMENT CHECKS are an ECONOMIC STIMULUS. Morever, and hold your laughter, UNEMPLOYMENT BENEFITS are a JOB-CREATOR. Read it again. No, I promise she said it. Don’t believe me? Watch the video.

PROVIDING ANSWERS

Honestly, where’s the media on this. Here are some questions I want people to ask various government officials — especially Robert Gibbs, Speaker Pelosi, and Harry Reid.

- Just in theory, how does taking money out of the private economy through taxes or borrowing money from a foreign source, and then re-injecting that money through unemployment benefits add net value to the economy? Even if it isn’t WORKING pragmatically, what’s the theory?

- We can see that spending isn’t a stimulus. It didn’t work for FDR in the New Deal, and it isn’t working here as indicated by all the bad numbers. All the stimulus is doing is ARTIFICIALLY propping up bankrupt state governments. Can we admit that?

- Does government debt have practical consequences on our economy right now or in the future?

- Where is Area 51?

- Wait, what? Nevermind.

- Have you even thought about any of these questions before?

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Cory Truax @ July 2, 2010