Sunday, March 9, 2008
George W. Bush, PhD. Economics
In the spirit of the insanity outlined in Why Me's recent post on the IRS, I found this article quoting President Bush:
"I know this is a difficult time for our economy, but we recognized the problem early and provided the economy with a booster shot," Bush told reporters at the White House on Friday. "We will begin to see the impact over the coming months."
President Bush was supported that day by Edward Lazear, Chairman of the Council of Economic Advisors, when he stated that "Most observers -- outside observers as well as those in the administration and in Congress -- believe that the stimulus package will work."
In case you are like me and find this to be a big stinking pile of horse*&%@, I am happy to provide our readers with these useful links:
1. Tax Rebates Will Not Stimulate The Economy, Heritage Foundation
2. Stimulus Package Is Welfare, Not Tax Cuts, Cato Institute
What is the appropriate role of government when it comes to moving the economy? I guess to tie it back into our theme of "An inconvenient document", I would have to rely on the framers:
If industry and labor are left to take their own course, they will generally be directed to those objects which are the most productive, and this in a more certain and direct manner than the wisdom of the most enlightened Legislature could point out. . . [A]ll are benefited by exchange, and the less this exchange is cramped by Government, the greater are the proportions of benefit to each.
Dear President Madison, Please help! Our nation needs you. We are lost. Our legislative branch is more fascinated with the possibility that athletes "may have taken steroids" than the weakening economy. The sage advice proffered by you and your colleagues has fallen on deaf ears. I hope that we can remember that the principles of our republic are just as important today as they were when it was formed.