The White House unveiled a sweeping proposal Tuesday to spend as much as $2 trillion in public and private funds to prop up the nation’s financial system as the Senate narrowly approved an $838 billion stimulus intended to jump-start the failing economy.
Even as President Obama and Congress worked to wrestle their way out of the worst economic crisis since the Great Depression, stock prices plunged on Wall Street. Major indexes skidded by more than 4%, and the Dow Jones industrial average fell 382 points.
“It’s gotten worse,” Obama said in Fort Myers, Fla., the latest stop on a tour around the nation the president hopes will build support for the stimulus. “The situation we face could not be more serious.”
Trillions aimed, indeed. But certainly not at recovery.
By the time the small, truly stimulative percentage portion of this porkfest is put to work in the market place, our economic emergency will either have solved itself or the economy will have succumbed to the malicious ministrations of the majority party.
‘Malicious ministrations’? Surly I jest!
No. I regard the efforts of the majority party as nearly fully congruous to the application of primitive healing skills exercised by physicians of the 18th or early 19th century when the ill humors of the body were excised by bleeding the patient until he recovered or died. Usually, the patient died and the physician truly believed he hadn’t bled the patient sufficiently to restore health. At least the old time physicians actually believed they were acting in the best interests of the patient. There is so much pure pork in the stimulus bill there can be no serious consideration that this monstrosity is anything but a self-serving wish list of every socialist dream ever considered, but rejected since the FDR administration.
#1, agreed. And at the cost of repeating myself it seems to me it took WWII to get out of the Great Depression. Let us pray to God that it wont take anything like a WWIII for a bailout.