Stimulus spending

Feb 162009
 

SCSU Scholars explains how in exchange for financing Obama’s big “stimulus” package, China will want a quid pro quo from the U.S. in the form of monetary policy. I would also expect some other pressures to be put on the United States:

  • We will need to quit providing public support for dissidents in prison
  • We will need to allow Cisco, Google, and Yahoo to support increased efforts by China to censor internet content and identify dissidents
  • We will need to shut up about Tibet

I would expect the Obama administration and the Democrats to be more than willing to help out with item 2, because they could use the moral cover in doing a little censorship of their own, e.g. with a revived “Fairness” Doctrine.

Feb 142009
 

Well, the stimulus bill has finally passed. Now our long, national nightmare is officially underway.

It’s as if the kids from “Lord of the Flies” landed not on a deserted island, but in a deserted strip mall. The larger faction has looted the place, starting with Best Buy and ending with the liquor store. Everything is in piles out in the parking lot, and they’re all pigging out. Now the Republican kids who held back (and the 7 Democrats) want some of the goodies, too.

The Washington Monthly says, “NOW THAT IT’S PASSED, REPUBLICANS LIKE THE SPENDING.” The comments are especially revealing. Here is what I posted in response:

I second Vincent’s opinion. Republicans who voted against the stimulus should be punished. Their districts should be cut out of as much funding as possible. This will demonstrate that the bill was not for the purpose of stimulating the economy, but for political aggrandizement. We already knew that, but it’s extra nice when we have constant, visible reminders long after the bill is passed.

Actually, I hope those who voted against the bill get as much of the loot as they can. I guess it’s a win-win situation. If they get some of the goodies for their own districts, then people can use some of it to contribute to dis-electing those who enacted the bill. If they don’t, we’ll have the constant reminder that the bill was not about the economy, after all.

Not a bad plot for a national nightmare.

Feb 122009
 

Are the rats leaving the sinking ship? Well, one rat, anyway.

Gregg said he pulled out because of “irresolvable” differences over policy issues, including the $789 billion economic stimulus package that has so far drawn support from only a handful of Republican lawmakers.

A clearly annoyed White House said in a terse statement it regretted that Gregg withdrew after he had pursued the job.

Or is it a case of Gregg suddenly deciding that the Senate minority will have a role to play, after all?


URL

Feb 102009
 

Don Boudreaux analyzes Keynesian economics:

The ability to write letters on a board in the form of an equation, to give those letters names that seem to correspond to some imaginable economic things, and to assemble quantitative data on those things, is not necessarily good science.

It’s like the joke I learned when I was little — one that I’ve ever since found useful to explain a lot of human behavior, including a lot of the behavior of scientists, for that matter:

1. What are you doing?

2. I’m looking for a quarter I lost.

3. What were you doing when you lost it?

4. Playing in the living room.

5. Then why are you looking here?

6. The light is better here.

Feb 102009
 

Does this mean Obama put tax cuts in his “stimulus” bill, not because he thinks they will help stimulate the economy, but to try to attract some Republican votes? That would be awfully cynical of him.

“I mean, I suppose what I could have done is start off with no tax cuts,” he said. “Maybe that’s the lesson I learned. But there was consultation; there will continue to be consultation.”

URL

Late edit: BTW, Bill Clinton would never have made a gaffe that could be interpreted this way. At least I don’t remember him ever doing anything like that. He was a masterful (if evil) politician who avoided this kind of trap that Republicans, and now Obama, seem so frequently to set for themselves.

Feb 102009
 

The Washington Post says “accused of.”

In the prime-time debut last night for a new president and a press corps frequently accused of being too enamored of him, President Obama faced journalistic skepticism from the opening question.

It could have simply said:  “In the prime-time debut last night, President Obama faced journalistic skepticism from a press corps that has been much enamored of him.”  But no, it doesn’t take at face value the many statements by others that the news media have been giddy in their support of him.

Contrast that with this statement from ABC news reporters Jonathan Karl and Z. Byron Wolf (which I mentioned in the last post):

The Senate voted 61-36 today to close debate and move forward with a gargantuan stimulus package meant to kick-start the moribund economy with $838 billion in one-time spending and tax credits.

They could instead have said, “The Senate voted to close debate and move forward with a gargantuan stimulus package that the Obama administration claims is meant to kick-start the moribund economy…”.  That would have been reporting the facts.  But no, they took at face value the claims that this bill is about the economy.

If those claims were true, how would we then explain this description of what’s in the stimulus bill, by Betsy McCaughey at Bloomberg:

But the bill goes further. One new bureaucracy, the National Coordinator of Health Information Technology, will monitor treatments to make sure your doctor is doing what the federal government deems appropriate and cost effective. The goal is to reduce costs and “guide” your doctor’s decisions (442, 446). These provisions in the stimulus bill are virtually identical to what Daschle prescribed in his 2008 book, “Critical: What We Can Do About the Health-Care Crisis.” According to Daschle, doctors have to give up autonomy and “learn to operate less like solo practitioners.”

Keeping doctors informed of the newest medical findings is important, but enforcing uniformity goes too far.

New Penalties

Hospitals and doctors that are not “meaningful users” of the new system will face penalties.  “Meaningful user” isn’t defined in the bill. That will be left to the HHS secretary, who will be empowered to impose “more stringent measures of meaningful use over time” (511, 518, 540-541)

Some stimulus.   Here it’s at best about saving instead of the spending that is supposedly needed to kickstart the economy.   (Never mind the question of whether savings can really be achieved by top-down, one-size-fits-all controls from federal bureaucrats.)  If ABC reporters Karl and Wolf had done their homework and had taken items like this into consideration, they would not have accepted at face value the notion that the bill is about economic stimulus.

Feb 092009
 

Last week President Obama said to Republicans: “Don’t come to the table with the same tired arguments and worn ideas that helped to create this crisis.”

I wonder if President Obama has been informed that his own ideas are a bit long in the tooth, too. And that there are any number of people out there who have been explaining how his ideas, including the ones in the current “Stimulus” package, helped to create the current crisis in the first place.

He probably wouldn’t agree, but he should at least be open enough to agree that it’s an issue that needs to be debated. Instead, he’s trying to marginalize those who would like to hold this discussion.

It’s a far cry from the Obama who once said

Wisdom is not the monopoly of any one party

Feb 092009
 

The following is what I posted on a forum at lancasteronline.com, in response to an item still making the rounds about the elimination of Michelle Obama’s $317,000/year job at the University of Chicago Hospitals. A comment about it in the Chicago Daily Observer is here. National Review has apparently questioned how important the job was if there was no need to fill the position when she left. (I say apparently, because I don’t have access to the issue in which this point was allegedly raised.) In response to critics, I said:

Besides, the 317,000 is well under the 500,000 that her husband thinks should be the maximum for senior executives at banks that received federal funds. And I’ll bet if you look at her time logs, you’d see she worked at least 63 percent as hard as a banking executive. And she probably did a lot to save on health care costs, too.

I admit it, those comments were intended as bait. But all I caught was a possibly racist Obama-hater who seemed to think I was one of the Obama faithful.

I’m used to people not noticing my sarcasm. Sometimes I even like it that way.

I wish, though, that people would wonder how Barak Obama can possibly know that $500,000 is the proper maximum compensation level for a senior banking executive. There are any number of people on his side who without batting an eye will tell you why Michelle Obama was probably worth $317,000/year. Some of those people responded in the same forum in which I did. Couldn’t those same people apply their apologetic skills to the salaries of bank executives?

I also wish people would question why it is that we have to pay $317,000 a year so someone can develop programs to encourage people to use local health clinics rather than hospital emergency rooms. If people aren’t motivated to make those choices on their own — if we need “programs” to convince people to do that — something is terribly wrong with our health care system, and that something is only going to get worse if we get the kind of universal health care being promoted by the Obama crowd.

Back to my bait, though. I think we need some kind of contest — to see who can come up with the lamest, most pitiful rationalization to excuse Obama behavior — and have that rationalization picked up and used by Obama’s supporters.

This would not be an easy task, because these people come up with some very lame rationalizations on their own. Those who are old enough got a lot of practice during the Clinton years.

Now you might ask if it isn’t just going to poison our political discourse if we go around saying things we don’t mean. I say no, that well has already been poisoned beyond repair. When you have people who can switch faster than the speed of light from defending certain behaviors to hating Bush for the same things, and then without slowing down switch back to defending them when Obama is elected, there is no point using anything but ridicule on them.

Feb 062009
 

Next we’re going to hear news reporters tell about the remarkable success the Republicans have had in convincing people that the earth is round, not flat.

The president’s tactical turnabout is a response to the Republicans’ remarkable success during the past two weeks both in influencing the congressional debate over the Democrats’ stimulus plan, and shaping a public image of the bill as pork-laden and ineffective.

URL

Feb 062009
 

Obama then:

Issues are never simple. One thing I’m proud of is that very rarely will you hear me simplify the issues.

Obama now:

Mr. Obama’s recent courtship of Republicans gave way to blunt derision of their ideas for the stimulus, as he tried to raise the political pressure to pass a measure with a price tag of over $900 billion in the Senate.

Republican proposals are “rooted in the idea that tax cuts alone can solve all our problems, that government doesn’t have a role to play, that half measures and tinkering are somehow enough, that we can afford to ignore our most fundamental economic challenges,” the president said in an address at the Department of Energy Thursday. “Those ideas have been tested, and they have failed.”

(The “Obama then” statement is from page 92 of Pocket Obama.)