Tuesday, July 7, 2009

Is A Second Spendulus On The Way? Joe "Can't Shut Up" Biden Says They "Misread" The Economy

To preface, let's start with some statistics on how well this Democratic payback plan, i.e. the spendulus bill, has been benefiting average Americans.

  • Projected to amount to nearly $10 Trillion worth of debt in the next ten years; an amount that even the healthiest economy would take generations to pay back.
  • We're broke.
  • Unemployment is at a 26 year high, hovering at 9.5% with double-digits not in the too distant future.
  • Almost 3 million more jobs have been lost than expected. People's unemployment is soon going to run out.
  • We're broke.
  • Wall Street just hit a 10-week low.
  • Outrageous spending bills introduced, most notably Cap & Trade. Let's not forget about National Healthcare.
  • We're broke.

However, as per the usual, the Democrats still are not satisfied. Outside Obama adviser Laura Tyson has actually proposed a second stimulus that is aimed at the economy. Apparently, by her own admittance, this one was not. The current $787 billion Democratic spendulus and payback bill was apparently "too small"; I guess the campaign donors are more like loan sharks than supporters. I heard Hollywood isn't such a cheap group, either.

According to Tyson, the US will not inflate away it's debt and the trustworthy Federal Reserve Board will "not allow it". Tyson also claims that the US, a country whose administration can not find or create jobs for anyone that doesn't line their pockets directly, can "afford" a second spendulus. Either she's living in the Twilight Zone or some pretty incredible medical marijuana was earmarked for the district she lives in.

Vice President Joseph "I Can't Believe They Haven't Sedated Me Into A Coma Yet" Biden, in a recent interview with George Step-on-all-of-us of ABC, claims that the administration has "misread" the economy. I'm not exactly sure how one can "misread" something that wasn't even read in the first place - i.e. the stimulus bill. Biden has also mentioned that the idea of a second stimulus is not too far-fetched, relinquishing on the statement that China isn't exactly looking forward to lending us billions more dollars that they most likely won't see a penny of until some time in the 3rd millennium.

Where do we get the money? Where the hell are we going to get the money to payback the money we already borrowed? Obama is treating America and China as his own personal piggy bank, and the hole just keeps getting deeper.

Time to start looking for caves in the woods.

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