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Thursday, 05 August 2010 00:00 |
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Hi - this is the candid conservative with today's candid minute...
Washington's efforts to prop up a debt ridden economy by adding more debt is running out of steam. Any form of artificial stimulation - whether to a person or an economy - has a down to match the up. Economic stimulus plans are like paint over rust - everything looks better for a time, but the rust remains to claim its day. Politicians are day traders - they think about voter satisfaction in the moment - counting on our short memories as a means to dodging accountability. Need an example? Well, should we not be at least a little perplexed with the just passed Dodd-Frank regulation bill? It's named after two guys who did about as much as anyone in government to precipitate our recent economic meltdown. The stimulus money successfully provided political cover, padded pockets, and postponed local, state, and federal accountability. It distracted us with the idea that motion was action - sort of like giving a naive cancer patient pain killers in lieu of chemo. Time and Washington frivolity have only made America sicker. The lie that government is immune from spending and debt accountability has always been a can of red bull...
I'm Dr. Carl Mumpower and you've just spent a minute with a candid conservative...
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