Three Strikes&You're Out!

With amazing swiftness, there are calls for more government stimulus to spur on the struggling economy. This would be the third stimulus plan in less than a year! Third? Yes, the third. While the $800 billion Obama stimulus captures most of our attention, people seem to forget that President Bush spent $153 billion in stimulus in the fall of last year. So, the nearly $1 trillion of “stimulus” has been authorized with very little to show for it. Unemployment is much higher than the Bush or Obama administrations predicted. And, less than 20% of the Obama $800 billion has even been spent. Shouldn’t we spend the second plan first before we authorize more spending and borrowing! Nonetheless, I strongly doubt the government’s spending will help much and will more than likely hurt the economy in the long run. A third stimulus plan? I say three strikes and you are out!