Latest Thoughts on the Federal Stimulous Bill

I still oppose the bill and see that more Americans, as they learn about the bill, oppose it too. Last week 42% supported it, now 43% oppose it: A Rasmussen poll shows 37% of Americans support the bill and 43% oppose it. Most Americans believe that a dollar of tax cuts is better for the economy than a dollar of government spending. There are forms of "tax cuts" (about a third of the house bill) for individuals, including those that don't pay and Federal taxes at all. There were no business related tax cuts in the bills that I've seen that would give investors new incentives to invest. Such a plan would cost much less than 850 billion, be much more sustainable, and give the sign that America is open for business: Sustainable Economic Stimulus: Repeal Capital Gains and Dividend Taxes

I find that there are some more problems with this stimulus bills (House and Senate are very similar I've heard), even if you ignore all the waste and controversial areas I mentioned in my previous blog post. According to a report posted on the conservative think-tank, the Heritage Foundation: The Obama administration seems to be doing wrong things... increasing the government programs and spending to save the economy. This would be basically increasing our debt and kick up our debt to GDP ratio by 13% in 2009 and 23% in 2010. Doing this would have a inflation on the short term Interest rates and this would probably increase even more over time. "That would mean that today's mortgage rate of 5.33 percent would be between 6 percent and 6.4 percent. Such increases in interest rates would significantly weaken the economy further and delay for many months any hope of significant recovery." See "The Global Government Debt Bubble Threatens the Economy". This article has solutions but the Obama admistration is on track to do the opposite. SCHIP is another example, of how the President and Democrats are increasing the federal spending unnecessarily. SCHIP apparently has some big problems: http://www.heritage.org/Research/HealthCare/schip/

The more libertarian Cato Institute quoted the WSJ "$646,214 Per Government Job" and said the government spending is going to areas were there are already low unemployment in the government. Manufacturing and construction have the highest unemployment (not to mention jobs for engineers like me)... for the new government jobs the est. cost per job is ridiculous at $646,214 / job.

Besides the 34% of the bill that are tax cuts or tax breaks for education or home buyers, seems like Obama believes in Keynesian economics (that says spending on infrastructure can help get you out of a recession / depression) but there is only $30 billion spending on roads and $32 billion on a smart grid for energy (that's only 8% of the 819 billion total). I guess the idea is that non-infrastructure spending, all the other governments spending will do the trick. Remember the 1970's, the interest rates were high and Stagflation was in effect... Keynesian was in the model apparently. According to Wikipedia... that's when Keynesian economics was thought to be dead and that brought about the Supply Side economics we saw in the 80's.

BTW: I just heard on the radio just now that the Obama administration predicts the unemployment rate will virtually not change at the end of two years. Currently the rate is 7.2% and they predicted it's 7.0%. So what's the deal with it? It's only going to increase our debt and not reduce unemployment by a significant margin. I found a source: http://finance.yahoo.com/news/Obama-endgame-What-2010-may-cnnm-14049554.html

Alert: President Unveils His Homosexual Agenda

FYI: I thought that this was important to share because as Christians we know that marriage is between a man and a woman, and if we don't do anything, then who will be the voice of public opposition to the Obama admistrations plans? We can be informed, share with others, write the timely letters to congress and the media... Marriage is God's plan for family and society while homosexuality is not what God wants and it's not healthy for the people in it as well as society, so citizen Christians must oppose this with what we can do, with the fear of God in mind... but this movement affects more than just the military (repealing "Don't ask don't tell") and workplace (anti-discrimination and probably the Affirmative Action status)... it also affects churches rights to hire/fire who they want (and ultimately affect their tax exempt status), outlaw speech/preaching about what the Bible says about homosexuality (could outlaw the very effective Christian ministries to gays too), all the orphan children would not be adopted by married couples but be able to be adopted by homosexual couples and then schools would teach even probably in early elementary school, that homosexuality is okay, natural, and good, and I'm sure there is much more to this...I have blogged on the importance of marriage to our society when addressing Obama as the presidential candidate and believe that we need to up hold the states the have upheld marriage between a man and a women, and have even add it to their constitutions (like in CA)... this is an issue that most people agree with us about except the liberal elitists that have the power to change the federal laws. We must hold our ground and argue on the benifits of marriage to individuals and society. If you disagree, I would like to hear from you... or if you agree it would be nice to hear from you too...

To see the Coral Ridge article, "President Unveils His Homosexual Agenda", Click Here.

It shares about what the President shared on day 3 of his presidency:

His just-revealed gay rights agenda, posted on the Whitehouse.gov website, is a dream come true for the homosexual lobby. Our new president wants to force Americans to accept homosexuality in the workplace and in the military. Plus, he will push hard to pass hate crimes legislation and give marriage benefits to same-sex couples.

Here’s a short list of what our new president wants to do:

• Pass hate crimes legislation that will criminalize opposition to homosexuality.
• Allow homosexuals to enter into civil unions, which will “give same-sex couples legal rights and privileges equal to those of married couples.”
• Repeal the federal Defense of Marriage Act. Oppose a federal constitutional amendment to limit marriage to a man and a woman.
• Repeal federal law to allow open homosexuals to serve in the U.S. military.
• Give homosexual couples the right to adopt young children.
• Fight AIDS with sex education, condoms, and needle-exchange programs.

Right now, the President has the political wind at his back. Most in the media and Congress are cheering for him and his agenda to succeed. That means he most likely will unless men and women of moral conviction and courage stand up and say “No!”

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David Weichelthttp://www.djweichelt.net/

15 Truths About Abortion

President Barack Obama is wasting no time destroying the rights of unborn babies. Using warm-and-fuzzy buzzwords like “choice” and “women’s health,” as well as taxpayer dollars, he and those in his administration are working hard to promote the “slaughtering of innocents.” Here are 15 truths about the abortion holocaust taking place in America.

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