Quick, Mail the Fire Department!

There is a lot wrong with the Obama "Stimulus" Package, mostly because it is simply a transfer of funds from one group to another. And, not much of anything else. But even based on the Keynesian principles upon which the package was designed, it is a bit short in the logic department. Thomas Sowell explains the problem from this angle, based on the CBO's analysis showing only $26bn of Obama's $355bn public works package will be spent this year:

Using long, drawn-out processes to put money into circulation to meet an emergency is like mailing a letter to the fire department to tell them that your house is on fire.

There is a lot of smoke and mirrors to this program, which is not necessarily a bad thing, since it is a bad program, smoke and mirrors, rather than creating actual distortions in the economy is a good thing.

Obama's First Legislative Move: Taking Money From One Pocket And Putting It In Another

GW type hocus pocus could be Barack Obama's first move if he becomes president.

Depending on actions the current administration and Congress take, Obama told AP a new economic stimulus package may be his first legislative request from lawmakers if he takes office as the 44th president in January.

So here's the biggie question, Barack, if you think a "stimulus package" is such a no cost way to "get the economy going", why don't you give everyone a million dollars?

Answer: A "stimulus package" is not cost free for every dollar paid out, a dollar has to be taxed or borrowed from some other part of the economy. It's hocu pocus stimulus