Wednesday, February 25, 2009

The Confused and Scuffling Bustle of Local Agency

Barry Obama (aka Hawaii Forty-Four) holding a conference on fiscal responsibility is like Michael Phelps and A-Rod going on a high school speaking tour to keep people off drugs.

The trillion dollar "stimulus" plan is a bizarre economic expiriment that will either cause a recovery or massive inflation. It's kind of like the detonation of the first atom bomb at Alamagordo, New Mexico in 1944. Physicists weren't sure the bomb would not destroy the whole earth. Something would have to be pretty dire to justify this kind of gamble. Estase would like to know who will benefit from the high speed rail between LA and Vegas. Not all spending is investment.

"Sir, the very man, of all others, who has the deepest interest in a sound currency, and who suffers most by mischievous legislation in money matters, is the man who earns his daily bread by his daily toil." - Daniel Webster

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