Lars Larson on The President’s “Economic Stimulus” package

I love this President but I don’t like his “Economic Stimulus” package.

You know that I like President Bush. I voted for him twice. I even agree with most of his policies. But, this “Economic Stimulus” package that he just announced makes no sense to me. The idea of borrowing $150 billion, that’s borrowing, not cutting federal programs, not dipping into our savings accounts, just borrowing the money. Print more of it and then sending it out.

$100 billion to individuals is the estimate. If congress goes along with the President’s plan, another $50 billion to business. Why, I don’t see how that really simulates America’s economy at all. Sure, there will be more spending short term. There will also be more debt. That doesn’t make any sense to me. I think it’s just bad medicine.

If the President’s intending just to drop this in the next President’s lap, this may fit that goal. But, it doesn’t do the good for America the President says it will.