Anti-Stimulus Hysteria and Hypocrisy

February 13, 2009

Newt Gingrich is complaining about the Stimulus package being finalized. He said is full of pork and is a spending bill that will cause more debt. He is so typical of Republicans and their out of tune messages. It was okay for them to incur 10 trillion in debt and about 7 trillion in low interest loans to big business but when a package comes along to help the average person, it is a boondoggle.

Taxes for the rich were slashed years ago and about 59 percent of all US companies now do not pay any taxes at all, so how is reducing their taxes going to help? The biggest tax burden has been on the middle class. Bush's (and Republican) trickle down economic theory didn't work ... it shouldn't be a surprise... because it didn't work under Ronald Reagan either when it was called "VooDoo Economics". It was a disguise for the transfer of wealth to the wealthy. Now THAT worked... unfortunately!

It is too late for any Republican to complain about deficits when they encouraged them. It is wrong for them to say regulations caused the market crash.. it was deregulation and lack of oversight that caused it. They allowed banks and investment firms to run amuck and called it free market until October 2008.

Certainly, about 2 percent of the 2009 Stimulus Package is pork and that needs to go, but stimulation is the way to stop the free fall the Republicans created in our economy. There is no longer any choice. We are in Bush's Depression and trying to rewrite history won't change that. Republicans like Gingrich can try, but it will take at least a generation of good behavior on the part of Republicans for them to get back into power. Good behavior means going back to their roots of fiscal responsibility, strong defense and morals. They haven't had that in decades. Pitiful!