Will Hall at The Baptist Press, had some sharp insight into the nature of the stimulus package being pushed by Obama and Pelosi:
Contrary to how the bill is being described by proponents, only around 3.5 percent (about $30 billion) of the spending proposal is actually tabbed for infrastructure repairs and improvements. The majority of the money is penned to “fund 150 federal programs — 32 brand-new programs, 19 programs which OMB [Office of Management and Budget] has labeled as ineffective or shown no results,” according to Rep. Jeb Hensarling, R-Texas, a member of the House Financial Services Committee, as reported by the Business & Media Institute Jan. 23.
A quick review of the summary released by the House Committee on Appropriations shows the bill includes $6.7 billion to give federal agencies new or renovated buildings with increased energy efficiency and another $6.9 billion for state and local governments to do the same. NASA is due to get $400 million to boost climate change research and NOAA [National Oceanic and Atmospheric Administration] will benefit to the tune of $600 million to buy satellites with sensors which enable climate modeling. On top of that, federal agencies will get $600 million for new vehicles that use alternative fuels.
I guess the Democratic Party pretty much believes in the same old “trickle-down economics” it bashed the Grand Old Party about.
That’s $1 billion for climate research, $14.2 billions for new buildings and vehicles for State and Federal government employees.
Meanwhile, Obama signs laws that will further weaken the already mortally wounded US auto industry:
Fully illustrating ideological addictions to economically counterproductive programs, President Barack H. Obama signed executive orders today that US auto manufactures suggest will destroy their businesses – in short, requiring models be produced in multiple versions to satisfy diverse emission standards in multiple states.
Industry analysts estimate that the new regulations could add anywhere from $2,000 to $10,000 to the price of a vehicle.
The more I read, the more I realize that distributing condoms isn’t a bad thing…considering what this administration is doing to us all.