Anyone who has a knee jerk (i.e. less than critical) reaction to political events in general and the recent U.S. stimulus package in particular, should shut up and think before ranting.
That said, I just don’t like the thought (much less the passing) of the new stimulus package (and I’m not at all anti-Obama – to be crystal clear). $US838 BILLION – on what I can’t help but see as a kind of massively over-sized whallop to a horse that is eventually going to die. Yes, I’m aware of the complexity to all this, and No, I don’t think there are any quick fixes. But I still cannot understand or begin to support spending nearly a trillion dollars on trying to preserve the “American Way of Life” ™.
What kind of precedent are we setting for future generations? What are we saying to the rest of the world – much of which is living in some mild or severe form of poverty; a different kind of poverty indeed to the ‘poverty’ some are facing in ‘developed’ nations around the world.
Some may think, “Oh, but financial prosperity for the ‘rich west’ will enable them to be generous to the ‘poor rest’…” That kind of capitalistic mentality (a.k.a. ‘the rising tide will lift many small boats’) is utter Bull. Greed does not engender generosity.
Instead of our bank account levels needing to go ‘up’, we need our standard of living to go ‘down’ to a realistic and sustainable place. And as long as ‘going out and spending money to stimulate the economy’ is part of doing your ‘patriotic duty’, then I think I want to be unpatriotic.