Nemo me impune lacessit

No one provokes me with impunity


No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.

Article 1, Section 9, Constitution of the United States

If this is the law of the land...why in a republic (little r) and as republicans, do we allow mere POLITICIANS to the right to use a "title of office" for the rest of their lives as if it were de facto a patent of nobility. Because, as republicans, this should NOT be the case...just saying...

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Monday, January 11, 2010

Obama Wants A 2nd Stimulus

Mr. Obama is seeking anther "stimulus package" question is who did he miss paying off the first time? A recent Associate Press report has handed down (finally) that conventional wisdom now holds that the first "Stimulus Package" has failed dismally in it's aims to reduce unemployment...well no shit sherlock!

Now Mr. Obama want's to throw more money at the problem. Even though it did nothing the first time around. AP is now reporting that,
Obama wants a second stimulus bill from Congress that relies in part on more road and bridge spending, projects the president said are "at the heart of our effort to accelerate job growth."

Construction spending would be a key part of the Jobs for Main Street Act, a $75 billion second stimulus to revive the nation's lethargic unemployment rate and improve the dismal job market for construction workers. The House approved the bill 217-212 last month after House Speaker Nancy Pelosi, D-Calif., worked the floor for an hour; the Senate is expected to consider it later in January.

AP's analysis, which was reviewed by independent economists at five universities, showed that strategy hasn't affected unemployment rates so far. And there's concern it won't work the second time. For its analysis, the AP examined the effects of road and bridge spending in communities on local unemployment; it did not try to measure results of the broader aid that also was in the first stimulus like tax cuts, unemployment benefits or money for states.
What I'd like to know is this "stimulus package" meant to keep unemployment under 15%? If so, the U6 measure hit 17.3% last month. That the broader measure that includes those who have given up actually looking for a job, which "normal" government counts don't include. Therefore, what is the aim of this. It's already been shown that this sort of spending won't impact the economy at all. If $800 billion dollars won't do it...what will $150 billion do? Yet more money our great grand children to pay back. I hope they still love us when the bills come due.

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