The Senate, on a party-line vote (let's face it, Collins, Snowe, and Specter are hardly Republicans), passed the "stimulus" bill (which, ironically, has very little stimulative power) on Tuesday, joining the House Democrats in the wrong-headed idea that government spending is the answer to all of our problems.
If that were true, wouldn't the Bush Administration have overseen the most impressive growth of our economy in the history of the US?
Matt Kibbe at Freedom Works wrote an excellent commentary about how President Obama should study the history of the deep recession early in the 20th Century (no, not that one...the other one...from 1919 to 1923). In his commentary, "Obama Should Channel Harding, Not FDR" posits that the current direction we are taking is the wrong one...worth the read!
The one take away from the piece is that all you know about the Great Depression and FDR as the savior of the US is wrong...
A recent study by UCLA economists Harold L. Cole and Lee E. Ohanian show that FDR lengthened the Great Depression by seven years with his anti-market “stimulus” policies. They write that prior to FDR’s interventions, “The economy was poised for a beautiful recovery, but that recovery was stalled by these misguided policies.”
Time for a reassessment, people! I am hopeful that the idiots on Capitol Hill will push too hard in conference and derail this horrendous pork spending bill (most of which will not come on line for more than two years) and cause the three RINOs of the Apocolypse to reconsider. Time to turn the screws to these idiots! Call them early and often over the next several days:
Olympia Snowe
Maine
(202) 224-5344
Susan Collins
Maine
(202) 224-2523
Arlen Specter
Pennsylvania
(202) 224-4254
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