Caution : Falling Standards
August 28th, 2009 by 
Kevin
Porkulus, it\’s an amazing thing. Seldom has mankind created an entity that could spend money as fast as they\’ve managed with Porkulus. In fact, with Porkulus, Obama has managed to increase our deficit and national debt by amounts that other Presidents took decades to accomplish.
And seldom has a program had the criteria for it\’s success change as often and as fast as Porkulus. First according to Obama, Porkulus was supposed to provide an immediate stimulus to our economy. Then when that predictably failed to happen it was supposed to stimulate in the long term. Then when that also failed, it wasn\’t meant to stimulate at all, merely stabilize. Well as it turns out that isn\’t the case either.
The US banking system will lose some 1,000 institutions over the next two years, said John Kanas, whose private equity firm bought BankUnited of Florida in May.
It seems only a matter of time before the success criteria changes yet again for Porkulus. Only problem is I\’m not sure how much farther you can lower that bar without digging. What\’s the new criteria….simply that the money got spent?? A cynic would argue that that was the one and only purpose all along.
Email This Post
| 
Print This Post
Posted in The Messiah | 
2 Comments »
August 28th, 2009 at 10:44 am
Our leaders in Washington must seriously consider new and innovative policies that promote a better, more confident, prosperous, and secure America in the 21st century. One of the things I think we can do to help make that happen is support American businesses and the U.S. Chamber of Commerce (http://bit.ly/oanAT). They’re doing things to reach out and show people that they can get involved, too.
August 28th, 2009 at 11:07 am
Just for comparison, it is interesting to note that it took Obama less than 1 year to create a bigger deficit than “borrow and spend” George Bush managed to accumulate in all EIGHT of his years. Of course, Obama promises to cut the deficit in half by the end of his second term, after he quadruples it in his first year.