I did not see Obama’s address to Congress on TV but, I did catch some of it on YouTube. I read about most of the address from news articles. As was expected, this address was about the economic crisis and how the recent stimulus bill would fix things. If you’ve ready anything I’ve written about the bill, you’ll know that it will not work–Obama is just blowing smoke.

I wasn’t sure that I was going to blog about this at almost 3AM on the East coast but, then I heard this statement from his address:

“Tonight I want every American to know this: We will rebuild, we will recover, and the United States of America will emerge stronger than before.”

Of course he did not go on to explain how this will happen. He just says it will. As if he can command the forces of economics to do his bidding if he just signs it into law. Let’s not be ridiculous. You can no more change the laws of economics as you can change the law of gravity.

“Because we cannot consign our nation to an open-ended recession,” Obama had urged Congress to do whatever proves necessary. What does that even mean? Completely vague and useless as is most of Obama’s fantasticly spoken speeches. It all sounds great, it just doesn’t mean anything.

The recession was never “open-ended”. It would end as soon as the bad debt was liquidated from the system. A lot of pain and suffering would have occured but, the recession would not turn into a depression. The almost $800 billion stimulus bill will make a recession that would have lasted a couple of years in the worse case scenario to something that is now open-ended.

No one knows how long this will last. You cannot solve the problem of too much credit and spending with more credit and spending. The idea that you need to fill the “gap” left behind by a decrease in consumer spending with government spending is idiotic.

Read more

I saw articles of Murdoch apologizing for the apparently “racist” cartoon in a recent edition of the NY Post. Here is the cartoon:

I didn’t read what the racistness was about before I looked at this cartoon and I must say, I didn’t see the racism–I often don’t see racism. I interpreted the cartoon as mocking the stimulus bill for its stupidity–as if it was written by a Congress full of monkeys.

I didn’t support the stimulus under Bush and I didn’t support this new one under Obama. I understand economics and we cannot spend our way out of a problem caused by too much spending.

I’m not ignorant to the use of chimps or other primates as a racial slur. I just didn’t see much of a correlation between this monkey and Obama. Why not have the chimp in the Oval Office if it was trying to depict Obama? Maybe a banner for “change”?

If you look hard enough at anything, you’ll find what you are looking for. Whether it really exists or not.