Change, all that is left in your pockets to count…on.

I am going to give you a number that will absolutely, positively, blow your mind…9,700,000,000,000…

9.7 trillion. That is the amount of money the US government will have committed after passing this latest “stimulus” package to “solving” the country’s financial crisis and it is equal to 2/3 of the value of everything that was produced last year in the USA (Bloomberg.com). $9.7 trillion of YOUR tax money. And President Obama has promised that this is just one leg of the stool…which means there is more to come!

This amount is outrageous. Look, I know people in this country are hurting, I am not callous to that. But, how is this type of out of control spending going to help anyone?!?! One of three things will be done to pay for all of this:
(1) higher taxes—in other words, less money in your pocket
(2) print more money, inflation skyrockets and things you buy everyday will cost more—in other words, less money in your pocket

Barack Obama was right when he campaigned that we can count on change in his administration…that’s all any of us working Americans will have left in our pockets.

And what has all this spending gotten us so far…

January 2008: Unemployment= 4.9%; GDP Growth=1% in 1st Q; about 4.5% in 2 of 4 Q in 2007

$168 billion in tax cuts and rebates in 2008…the “Chinese Economic Stimulus Checks” that went out under the Bush Administration were nothing short of the most Socialist thing a government could do…just give its people money. And, since most people either paid off debt, put it in savings or bought things Made in China, it did little to help the US economy…Beijing sure appreciated it though.

August 2008: Unemployment= 6.2%; GDP Growth= 3% in 2Q

Election season politics take over, we all hear how bad the economy is…so we believe it and stop spending. People can’t pay the loans they never should have signed up for in the first place, banks collapse, and instead of letting them and allowing new banks to take over, we spend….

$700 billion in the “Bank Bailout”, which the CEOs of the banks proceed to blow. This does not include the $2.3 trillion lent by the Fed that we never heard about.

December 2008: Unemployment= 7.2%; GDP= -3.8% in 4Q

As you can see, nothing was solved by throwing all that money at the problem. In fact, things got worse. The fact of the matter is that the economy was not that bad to begin with. Since recovering from the economic blow of 9/11, the economy expanded EVERY quarter except for one. Unemployment hovered around 4.5% for all of 2006 and 2007. In fact, the worst if got in the last 10 years was during the Congressional election cycles of 2002 and 2004 when the Dems were trying to scare the bejeezus out of everyone to convince us how horrible President Bush and the Republican Congress was doing.

And now…despite all the preponderance of evidence that none of this been successful so far the Democrats in Congress just passed another massively bloated spending bill…at least $780 billion. This is serious…things will only continue to get worse if the government continues to spend like this.