Economic or voter stimulus?

In January 2008 a reliable predictor showed a 6% chance of recession. Contrast that with the media misery dished out daily. It’s hard to understand where the economy is headed given such a conflict of information. Americans seem positively addicted to good times. If the good doesn’t get better month over month, the markets panic.

I feel that our national government is taking advantage of this addiction by offering a stimulus package – most notably in the way of checks to the hands of voters (euphemistically labeled “rebates”) prior to the upcoming presidential race. Once one side mentioned the option, the other had to follow in order to save political capital with constituents. Nobody wants to be the big bad politician that wouldn’t give voters their check.

These “rebates” were last used in 2001 under the same timetable in anticipation of the mid-term 2002 congressional and senate elections. If you’re a political groupie like me, you know 2002 was a stellar year for many Republicans riding the Bush coat tails. Republicans swept onto Capitol Hill to expand control of the House and gain control of the Senate. Is this hyped stimulus package really about the economy?

In 1992 Bill Clinton stomped out a win over incumbent Bush I with the phrase, “It’s the economy, stupid” driving his campaign. I long for a candidate that will acknowledge, “It’s the spending, stupid” instead. Real growth for the US is in jeopardy if our elected leaders don’t check in for rehab soon.

Comments

  1. ‘I long for a candidate that will acknowledge, “It’s the spending, stupid” ‘

    Ask and you will receive.

    Ron Paul is your man!

  2. What? You don’t like the idea of issuing more government debt to cut checks to people who will use them for a down payment on more personal debt? Sounds like a great idea to me!