Thursday, December 17, 2009

THOUGHTS ON THE STIMULUS PLAN

14.5% of the Obama Administration's $787 billion stimulus package was spent by early autumn.

If the economy needed stimulation so badly, how could you distribute so little of the funds authorized by Congress? Can you imagine having to report that you used less than 20% of your effort to get your job done?

I can only think of two reasons the money was not spent as promised. First, the Administration was too inept to get it done and did not really know how or where to distribute the money.

Second, they knew the economy did not need that much money, but used the recession as a ruse to tax and spend, as the Democrats have wanted to do for a long time.

So, what is the answer: ineptitude or fraud?

Either way, things do not look good for this president and this congress. And, either way, the Administration should give the money back to the people. Just think how stimulating a huge tax refund would be, especially for someone who has just paid for a wedding.
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