SEARCH BLOG: ECONOMY
Does it not seem incredible that the U.S. Congress that debated a long month over loans of $15 billion to keep the domestic automobile industry afloat is the same Congress that spent an entire weekend to decide to spend $827 billion on everything in and out of sight... and did it when public attention and press coverage would be at a minimum? Loan $15 billion with a web of strings versus spend $827 billion without so much as a whimper?
Excuse me, but someone might get the idea that there is some irresponsible leadership out there.
However, as President Obama says: “It is inexcusable and irresponsible to get bogged down in distraction and delay while millions of Americans are being put out of work.” It's practically unpatriotic to pay attention to those who point out that this action will result in less of a long-term recovery as the burden of debt grows. Still, as Alfred E. Neuman famously said, "What, me worry?" After all, we didn't get anything from the $700 billion to Wall Street and we still kept our problems, so why should we worry if we don't get anything for our $827 billion? We can still keep our problems. Someone is bound to benefit. Right, Alfred?
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