Free Markets, Free People
It may seem like a trivial sum given that yesterday the government’s deficit for the year reached a trillion dollars 3 months before the end of the budget year, but it is symptomatic of the problem that got us there:
President Barack Obama plans to announce a community-college initiative designed to boost graduation rates, improve facilities and develop new technology. The effort will involve $12 billion in spending spread over the next 10 years.
We. Can’t. Afford. It.
Why is that so freakin’ hard to understand?!
The vaunted stimulus which President Obama claims is doing exactly what it was supposed to do is seen by a majority of others as a complete bust.
About 40% of U.S. workers believe the recession will continue for another full year, and their pessimism is justified. As paychecks shrink and disappear, consumers are more hesitant to spend and won’t lead the economy out of the doldrums quickly enough.
It may have made him unpopular in parts of the Obama administration, but Vice President Joe Biden was right when he said a week ago that the administration misread how bad the economy was and how effective the stimulus would be. It was supposed to be about jobs but it wasn’t. The Recovery Act was a single piece of legislation but it included thousands of funding schemes for tens of thousands of projects, and those programs are stuck in the bureaucracy as the government releases the funds with typical inefficiency.
As I and many others pointed out when it was being passed, the stimulus package was nothing more than a collection of porky earmarks on an unprecedented level. It was a lefty wet-dream come true – full access to the treasury and the power to do whatever they wanted. Democrats finally had the power to reward themselves and their constituencies and they took full advantage of it.
This wasn’t a “misreading” of the economy as Joe Biden likes to claim, but a misappropriation of funds to fulfill political dreams and promises that had been denied them for years.
Zuckerman wants to wave off the problems with execution to the “typical inefficiency” of government (but I bet he’s all for the government expanding its role in health care), but this recovery act isn’t just about government inefficiency or bureaucracy. It’s about where the Recovery Act’s money is aimed – and it isn’t aimed at creating jobs.
That’s why, despite the dire claim that if the Recovery Act wasn’t passed, unemployment would rise above 8%, unemployment continued to rise, unabated, to 9.5%. And it will climb higher. It was never targeted at creating (or even saving) jobs. Nor was it targeted toward stimulating the economy (by getting money out in the economy and circulating).
It was a 787 billion dollar payoff/payback pork bill – something both Obama and the Democrats denied but which was obvious to anyone who took the time to look into the provisions of the bill itself.
And now we’re supposed to believe that the economy was worse than they thought and they simply “misread” it.
For those of you paying attention, this is all a prelude to claiming a second “stimulus” is necessary, after having misappropriated almost a trillion of your dollars previously to pay off their political debt.
The answer, of course, is “no”.
They’ve already proven they can’t be trusted to address the problem at hand without succumbing to the lure of political payoffs. And, in fact, they gave those political payoffs higher priority than the economic distress we are suffering. They should not be given the opportunity to misappropriate anymore of your money to repeat the process.
Because they will.
Unlike the left, I’m having difficulty getting too excited about a CIA program that never got out of the planning stage. The NYT carries the story today. Essentially the gist is that the CIA, under the supervision of Darth Cheney, planned (for 8 years apparently) to deploy assassination teams to capture or kill al Qaeda operatives where ever they were to be found.
Certainly, had they actually done that and say “captured or killed” someone in a place other than Iraq or Afghanistan, I think there would certainly be legal questions (and problems) involved (assuming we did so without the knowledge and permission of the country in which the person targeted was to be found). But as is obvious in the NYT story, these plans were never executed and for all we know, it may be because of those concerns about its legality that it remained only a plan.
On the other hand, I can also understand the concern of those who say all such plans, by law, must be disclosed to the body charged with oversight, whether executed or not. That’s how rogue operations are prevented, and this non-disclosure, by definition, would make it such an operation. Oversight and disclosure are key to a free and open society, so I’m sympathetic to the complaint that this operation was hidden and that’s wrong.
But other than that, I’m not at all sure any investigation in this program is going to come off as anything other than a witch-hunt and find little sympathy for the investigators with the public at large. This, in the big scheme of things, is going to be considered slap-on-the-wrist stuff for most of the public. Al Qaeda is not a sympathetic organization and considering plans to take out their leadership isn’t going to be seen by the majority of Americans as a “bad” thing, especially when the plans in question were never executed.
What happened is UAVs provided a viable alternative. Putting these sorts of teams together presented all sorts of unanticipated problems which, in combination with the UAV option, quickly shelved the idea. Why the program continued for 8 years and why Congress wasn’t informed are legitimate questions that deserve answers.
Special prosecutors and a legal witch-hunt, however, will not shed any more light on the subject and will find a largely unsympathetic public quickly on the side of those who sought, however clumsily, to protect us and against those who push the prosecution.