More "stimulus plan" stupidity..

[ironglow]

  B Hussein puts our kids in hock to the tune of nearly $ 1,000,000,000,000 by way of a "stimulus plan".. Most of it has fail   ed and the money gone ...but the kids will still have to pay, long after jumpshot is whiling away his retirement in the Kenyan sunshine.
   Last year B Hussein was bragging about spending big on "green energy"..something cooler business heads warned him, was a "non starter"':        http://www.youtube.com/watch?v=y7OmuRrF-Uk
 
    Here's what happens when a "community organizer" refuses to listen to brighter, more experienced people..:
 
   http://in.reuters.com/article/2011/08/31/solyndra-idINN1E77U0ZF20110831
   
        From the article;
   "We smelled a rat from the onset," Representatives Fred Upton of the Energy and Commerce Committee and Cliff Stearns of the Oversight and Investigations Subcommittee said in a joint statement. "In this time of record debt such disregard for taxpayer dollars cannot be tolerated."
 
 
Another "green" company hits the dust..to China
  http://www.masshightech.com/stories/2009/11/02/daily41-Evergreen-Solar-moves-manufacturing-to-China.html
 
   More liberal lunacy...Put million$$ of public funds in "green stuff"..then tax them out of the country..this from the article:
 
      " Yet despite narrowing operating losses year over year by 73 percent to $6 million, a heavy tax hit resulted in Evergreen posting a net loss of $82.4 million".
   
   Of course, the firm still wasn't showing an honest profit..


   
   
   
 
   

[ironglow]

More "stimulus plan" stupidity;
   http://www.humanevents.com/article.php?id=45582
 
 
  ....And more
 
  http://www.youtube.com/watch?v=GFeD1ILpEjY
 
 
  A bit of common sense in the mix...via John Stossel:
 
      http://www.youtube.com/watch?v=iWAU516Zjx4

[Gary G]

Here is an economic law explained clearly by Henry Hazlitt:

Jobs can only come from increased production. Increased production comes from capital investment. Capital investment comes from the savings that people deposit in banks loaned to business. Government has no money except that which it extracts from the people, destroying available capital.

Now if government would close the doors and go home, we would have plenty of jobs. There is always work that needs to be done and if the capital had been left in the private sector, jobs would happen. This is basically why the socialist countries all failed; too much government.

People are not taught basic economics in school and too many think that government can create jobs. Sometimes those in government also believe the lie. Tea party people see that it has not worked, but don't know why. A few have read Hazlett, Mises, Tom Woods, Ron Paul, and they know.

http://www.amazon.com/Economics-One-Lesson-Shortest-Understand/dp/0517548232