Saturday, April 18, 2009

Presidential Fail



This picture from one of the tea parties was in the LA Times (Of all places).

The article was a very fair view of the tea parties is you ask me. And it was certainly better than annoying CNN reporterette.

Keep grinning.

Tuesday, February 10, 2009

The Unstimulating Stimulus Bill

This is part of an interview with Michael Munger, professor of economics at Duke University. He was one of a number of economists who refuted President Obama's statement that there was a consensus of economists who agreed that the so-called stimulus would work.

Imagine you had a six-year-old daughter, and that she has a high fever. It’s 1820, and we don’t understand germs or fevers very well. You call the doctor, and the doctor comes to the house. “Please, do something. DO SOMETHING, and help my daughter,” you say.

The doctor takes out a lancet, and makes a small incision in your daughter’s wrist. The theory was that the fever was in the blood itself, and “bleeding” was the only treatment that people in 1820 knew.

It doesn’t work. Your daughter’s fever is still very high. So, you tell the doctor, “DO SOMETHING! You are the doctor.”

The doctor bleeds her some more. And she dies.

And the next day you blame the doctor for not bleeding her MORE and SOONER. But bleeding was the wrong thing to do.

This stimulus is the wrong thing to do. The fact that the first round didn’t work leads me to think we need to stop! But all the desperate economic parents out there say, DO IT MORE! DO IT LONGER! DO IT FAST!

I don’t blame the President. I blame voters, who have the naïve idea that government is responsible for the economy.


The link is in the title, be sure to read the whole article.

Keep Grinning