After the previous administration instituted programs which pumped trillions into the top of the American economy through bailouts and loans to the financial and corporate sectors, President Obama is readying a new stimulus package, One that will, as well as continue this top loading of money into the system, also begin vast new spending on public works, local government bailouts and entitlement programs, that will start to push money into the bottom of the economy. Is this complete folly? Nothing more than throwing more bad money after money already wasted?
That would be one way to look at it. On the other hand, it ought to be obvious to everybody, by now, that the American economy is in an irreversible decline. A large percentage of the jobs that exist today, will disappear soon. Tax revenues will shrivel. Debt will skyrocket no matter how much or little we spend. Very soon, the government will need the good will of the struggling masses. By that time the monetary system will be collapsing and there will be nothing to offer them, as the lights go out, the heat goes off and their children start to whine with hunger in the cold, dark night of a new age. It might be a good thing for them to be able to remember, that Barry O gave them what he could, when he still had something to give. The ghost of Therese Defarge knits in a darkened corner and the shadow of the guillotine lies across the land.
Happy meals for everyone. Cheap gas. Free digital cable. Unlimited weekend minutes.
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