Posted by: jhamon | July 3, 2009

Fool Me Once…

Yosemite Sam.

My Alter Ego

…shame on you.  Fool me twice, shame on me.

Actually they didn’t fool me with the TARP.  I jumped up and down like Yosemite Sam.  I faxed, emailed and called  my representatives and key committee leaders but alas, our fearful leaders mortgaged the future of the Millenial Generation with a stroke of the pen.

So imagine my disgust when I read Here Comes The Second Stimulus! yesterday:

Today’s disappointing jobs number is certain to trigger a serious push for a second stimulus bill.The talk was already happening. Earlier this wek, John Judis at The New Republic argued that one was needed. Also this week, Obama responded to a question about a possible second stimulus by saying it was “too soon” to know whether one would be needed, suggesting that it’s certainly on the table. Of course, House Speaker Nancy Pelosi was in favor of a second stimulus before the ink even dried on the first one, so it shouldn’t be much of a stretch to get it through the Congress, especially with the Democrats newly-solidified supermajority in the Senate (welcome Sen. Franken!).

And now we’ve heard it at least 10 times this morning on CNBC. The market is looking for its hit.

Prediction: We’ll get it by the end of the year.

I sure hope not.  I pray the American people won’t be fooled again.  Government spending reductions, not government spending increases, are what we need.  It’s a very bad thing for business when the government sops up the available credit.

But I guess with the American Idol upset and Michael Jackson’s death and all, we’re kind of busy right now.  More bread and circusesKohleth said: there is nothing new under the sun.


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  1. Trying the same thing over and over expecting a different result…..
    There is a word for that isn’t there?

  2. Uh, yeah… 😉

  3. […] love Calculated Risk- a cranky blogger who says “forget the bread and circus shtick, let’s look at the […]

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