THE OBAMA PORK PACKAGE WILL FAIL MISERABLY ...AND COULD BRING DOWN THE ENTIRE HOUSE OF CARDS THAT IS THE US ECONOMY...
HERE'S WHY...
WE ARE NOT COMING OFF OF A PEROID OF SLOW SPENDING...OR TIGHT MONEY...JUST THE OPPOSITE IN FACT...
UNDER GREENSPAN, THE FED "FORGOT" HOW TO TAKE THE PUNCH BOWL AWAY...
MONEY FLOWED LIKE WATER INTO WALL STREET...THE BANKS...THE NON-BANKS...
AND FINALLY INTO THE PONZI SCHEMES...AND BIZZARO JUMBO "MORTGAGES" FOR UNEMPLOYED PEOPLE!!
NOT TO MENTION A VAST EXPANSION OF STATE AND LOCAL BUDGETS...
SO...IN SHORT...WE ARE NOT AND WERE NEVER "STARVED" OF READY CASH...
RATHER, WE WERE AWASH IN IT...
YES.... THERE ARE A FEW "SHOVEL READY" PROJECTS HERE AND THERE...
BUT THE NATION IS NOT REALLY "FALLING APART" ... EXCEPT PERHAPS...FISCALLY AND MONETARILY...
SO NOW OBAMUS PORKULUS HAS HIS PORK PACKAGE IN PLACE...
BUT I SERIOUSLY DOUBT THAT THEY WILL BE ABLE TO FIND ANYTHING WORTHWHILE TO SPEND IT ON...
EXCEPT FOR EVER MORE GOLD PLATE ON PUBLIC SECTOR WAGES, RETIREMENTS AND UNION HEALTH CARE BENEFITS...
WHAT SHOULD HAVE BEEN DONE WAS TO RE-ESTABLISH A SUSTAINABLE NATIONAL INDUSTRIAL POLICY ...WITH UNIVERSAL NATIONAL HEALTH CARE...
AND A MASSIVE CUT IN THE OUTRAGEOUS WAR BUDGET...AND MORE EMPHASIS ON NON-WAR INDUSTRIAL PRODUCTION...WHICH THE REPUBLICANS MOVED TO CHINA OVER THE LAST 20 YEARS...
SO...
ALL HAIL OBAMUS PORKULUS...THE VICTOR OF THE POTOMAC... LET THE TRIUMPAL PARADE BEGIN... LET OBAMAUS PORKULUS ENTER THE CAPITOL ON A CHARIOT PULLED BY CHINESE COOLIES...LOADED WITH PUBLIC SECTOR PORK...
FOLLOWED BY A WAGON LOAD OF MAGICIANS AND WIZARDS WHO CAN TURN PAPER INTO GOLD WITH A SINGLE VOTE IN CONGRESS...BY SOME STRANGE ALCHEMY.
ALL HAIL TO THE VICTOR...OBAMUS PORKULUS...!
