Tuesday, August 10, 2010

How stupid does Congress think we are?

Congress on Tuesday gave final approval to a $26.1-billion aid package for cash-strapped states that will keep 161,000 teachers and thousands of police, fire and other local government workers from being laid off. The legislation was quickly signed by President Obama.
Prior to the vote, Obama, joined by teachers in the Rose Garden, urged swift passage.

"We can't stand by and do nothing while pink slips are given to the men and women who educate our children or keep our communities safe," Obama said. "That's why today we're trying to pass a law that will save hundreds of thousands of additional jobs in the coming year."

It would be better if Obama stood by and did nothing, considering that everything he does is intended to destroy this country, and every one of his public statements is a lie calculated to do the same.

The Republicans are right - this is just another bailout of a bankrupt economy. It's a means to SIMULATE an infusion of taxes into state and local governments, as if there were an economic recovery, and right before an election, in order to give the impression that they're doing a good job. There is no improvement in the underlying economy - just an infusion of money that should be provided by (low) taxes on a sound economy. But the GOP has no solutions either, of course, because there's none in their politically-correct scripts. The Fed has no solution, either. Only LaRouche has a solution, and it boils down to ending bailouts (in fact, taking back the recent bailouts) and issuing credit for the creation of new physical wealth in the form of great infrastructure projects, putting Americans back to work doing something truly productive, which is what gives money value.