AP Calls Trillion Dollar Porkfest– Obama's "Shock & Awe"
Oh Please. These pathetic Obamabot supporters in the press really need to stay off the Kool-Aid for a few days and let their heads clear.
AP writers Nancy Benac and Calvin Woodward are calling the Democrat’s pork-bloated bill Obama’s “shock and awe” plan for the economy.
What they fail to mention is that only one-tenth of the trillion dollar Obama “shock and awe” bill will be spent this year.
You’d think that would be important to mention in their report?
The Washington Post posted this graphic earlier in the week:
Click to Enlarge
Only $107 billion is targeted to be spent on projects this year. The CBO projects that the current recession will be over in 2009 without the stimulus anyway. That means nearly a trillion dollars will be spent in 2010 and beyond on Democratic pet projects. There are even reports the spending is to provide funding for a permanent Democratic patronage system.
From the AP:
America is bringing shock and awe to the home front, using dollars instead of bombs.
It’s the military doctrine of lightning force — fast and brute, or as brute as the shaken country can manage — applied to the campaign for economic recovery.
With a record-busting stimulus plan, the U.S. is marshaling resources against economic catastrophe in ways not seen since Franklin Roosevelt put the New Deal in motion.
President Barack Obama is going with the best deal he could get. The stimulus bill is a landmark legislative achievement for a new president who inherited economic spoilage along with the spoils of power. Now the nation anxiously waits to see if it works.
Undermining federal balance sheets that were already deeply in the red, Obama and Congress settled on a nearly $800 billion plan that aims to spend more on the crisis at hand than the government has spent waging the Iraq war for six years.
The idea: fast cash, and lots of it, but with a strategic view to the future.
The only “shock and awe” from this plan is when the bill comes back to the taxpayers.
What catastrophe lies ahead, only God knows.