Tuesday, January 20, 2009

And Now the Money Moves to Favored Democrat Players

John Lott writes:

Barack Obama claims that the House of Representatives’ new stimulus plan is needed to save the economy. Democrats promise to be “creating or saving of four million jobs.” News media report in all seriousness: “The democrats vow no earmarks or special projects will be attached to the bill. The focus is on jobs.” Also "more than 90 percent of the jobs created are likely to be in the private sector."

Unfortunately, though, the $825 billion “stimulus” package has nothing to do with creating or saving jobs -- it has everything to do with moving jobs from industries that Democrats don’t like to industries that they do.

The “stimulus” package is just a wish list of every government program that liberal Democrats have long wanted. As Rahm Emanuel, Obama’s Chief of staff, announced after the election last fall: “Rule one: Never allow a crisis to go to waste. They are opportunities to do big things.”

He also observes this interesting fact about the unemployment benefit provisions of the plan:

Will the unemployment rate go up? Democrats seem to want to make sure that it does, at least this coming year. But they apparently feel differently about next year (when there is an election). While the stimulus package is over two years, there is one interesting part that isn't -- the $9 billion increase in the size of monthly unemployment benefits lasts only until December 2009. Of course, this last year we saw how unemployment jumped as soon as Democrats increased unemployment benefits in July. Is there anyone willing to bet that Democrats will not extend unemployment benefit through next year’s election?

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