Why Obama's plan will not work from The Daily Manumitter

The Daily Manumitter
"Then you will know the truth, and the truth will set you free"
WATCHMAN

Why Obama's plan will prolong the recession
The president with the highest IQ - an inexperienced fool,
a backward thinking liberal or a partisan caring only for his own party

Why Obama's plan won't work and will only prolong the recession
The president with the highest IQ - an inexperienced fool, a backward thinking liberal or a partisan liberal caring only for his own parties re-election?
Democrats call their bill for economic recovery a stimulus plan. Please note that there is a wide variety of methods that can be used for economic stimulus - but the plan they have created will only prolong the recession. The reason is pure common sense. You decide if the following will have an immediate impact on the economy... many of the programs do not go into effect until 2010, the majority of the money is spent on things that are not stimulus and only a small percent of what Democrats consider stimulus will make it's way into the economy.

First- much of the plan has projects that do not go into effect until 2010. How will that help the economy now? Well- it doesn't. However- it is just in time for mid term elections....

Second- there is a tremendous amount of money in the bill that is going to things that are not really stimulus- things that do not create jobs.... example- 335 million for STD prevention, $4.19 billion for "neighborhood stabilization activities, $6 billion to expand broadband Internet access so businesses in rural areas can link up to the global economy, $1 billion for the 2010 Census. How will this really boost the economy? Well- it doesn't.

Lastly- and most importantly- when it comes to government spending programs- only a small percent of the money makes its way to the final destination. For every dollar collected from a taxpayer to go to welfare- only 10 cents gets to the welfare recipient. And that is because of the middleman costs involved in the transfer of the money from one person to another. These costs include employee salaries that administer the programs, office rental costs, utility costs, telephone costs, paperwork, mailing costs.... As a result- I will conservatively say that 20 cents on the dollar of spending in the bill will really make it's way as direct stimulus...

As a result- if 20 cents on the dollar goes directly into the economy- it is going to take five (5) times as long for the recovery to take place than if tax cuts were used. Please note- there is no middle man for tax cuts! Tax cuts are dollar for dollar directly into the economy and the most effective stimulus for the economy. If tax cuts were involved- I would say it would take 6 months for a good recovery to take place-so multiply that by five (5) and you are looking at 30 months for real economic recovery...

The fastest and most efficient way to turn the economy around is tax cuts. It immediately puts money in the hands of consumers and their is no middleman. If Obama (the president with the highest IQ) doesn't understand this- he is either an inexperienced fool, a backward thinking liberal or a partisan caring only for his own parties re-election...

Written by Thomas George
Editor@the-manumitter.com/