Thursday, February 19, 2009

What Stimulus?

There has been a big story about how a CNBC reporter ranted about the stimulus package. Although overall, the stimulus package is a waste of money, there is a point to be made about the foreclosure help. If lots of people in your neighborhood have to move out of their houses, it devalues your home and you lose equity. The problem is that only a small portion of this Stimulus is even going to foreclosed homeowners. It is ridiculous how all encompassing this bill is turning out to be. Money is going to welfare aid, health care provisions, car makers and of course the big bad bankers. Why are we printing money that we don't have to pay for things that won't help the economy? This bill is a bunch of socialist BS that no senator or congressman should have voted for if they have any sense whatsoever. Not to mention that so many things were snuck in at the last minute, people are just now finding out about all the other "earmarks." Our President is a great campaigner with a great image, but in truth it's back to politics as usual and idiotic democratic ideals. Check out http://www.realclearpolitics.com/video/2009/02/cnbc_rick_santelli_tea_party.html for more info and interesting commentary.