Monday, August 9, 2010

100 Stimulus Projects


Would you spend $1.2 million to renovate this shack?

Senators Tom Coburn and John McCain have released a very good report on the complete waste of money called the Stimulus Bill. In it, they identify and discuss 100 of the most wasteful projects on which my money and yours is being wasted. It's a fun (in a perverse way) read.
http://coburn.senate.gov/public//index.cfm?a=Files.Serve&File_id=a7e82141-1a9e-4eec-b160-6a8e62427efb

Note that the Republicans are not much better than the Democrats on this issue, if they are any better at all. Almost all politicians, regardless of party, love to spend other people's money once they drink the water in the swamp.

Listen to Coburn around 0:37 in the video on his site. "There is no question that this stimulus bill has had a positive effect on the economy, to a certain degree." Really? This guy is supposed to be a fiscal conservative? I usually like Tom Coburn, but he needs to be reminded that government redistribution does not help the economy.
http://coburn.senate.gov/public/index.cfm/pressreleases?ContentRecord_id=20532b9f-f9ae-46d7-b2bf-0f01cd75d90d&ContentType_id=d741b7a7-7863-4223-9904-8cb9378aa03a&Group_id=7a55cb96-4639-4dac-8c0c-99a4a227bd3a

Next, check out McCain's comments starting around 12:25 in the video. "The stimulus package was supposed to create jobs. Unemployment was going to be 8%. That's what the president said. That's what his chief economic adviser said. That's what the Secretary of Treasury said, when they sold this debt to the American people. It does not create jobs."

I don't think McCain is that naive, but with him you never know. (Remember the McCain-Feingold bill, in which he thought he could keep money out of politics by muzzling our First Amendment Rights.) No one with a brain could actually BELIEVE the president and his incompetent, incoherent coterie. Surprising absolutely no one, Pelosi and Reid chose projects to reward their constituencies rather than to stimulate the economy, which they don't know how to do (because it can't be done), and wouldn't do even if they could (as you can see by the projects they chose, they didn't even try).

I'm being a little hard on Coburn and McCain. In fairness to them I should point out that both voted against the Stimulus Bill.

The video can also be found here:
http://www.youtube.com/watch?v=70SO_MDDXUA&feature=player_embedded#!

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