Saturday, January 31, 2009

A Mark Steyn Masterpiece on The Stimulus Bill

Graphic hat tip to Aye Chihuahua.

"In the Western world, countries that were once the crucible of freedom are slipping remorselessly into a thinly disguised serfdom in which an ever higher proportion of your assets are annexed by the state as superlandlord. Big government is where nations go to die."

Another stunningly brilliant column. You'll want to read it all. Here are some teasers:

Stimulated right into being another Europe
Plan also could trigger protectionist backlash, just like during the Depression.
By Mark Steyn
OC Register
January 30, 2009

Nancy Pelosi, Speaker of the House, is on TV explaining the (at this point the congregation shall fall to its knees and prostrate itself) "stimulus." "How," asks the lady from CBS, "does $335 million in STD prevention stimulate the economy?"

"I'll tell you how," says Speaker Pelosi. "I'm a big believer in prevention. And we have, er… there is a part of the bill on the House side that is about prevention. It's about it being less expensive to the states to do these measures."

Makes a lot of sense. If we have more STD prevention, it will be safer for loose women to go into bars and pick up feckless men, thus stimulating the critical beer and nuts and jukebox industries. To do this, we need trillion-dollar deficits, which our children and grandchildren will have to pay off, but, with sufficient investment in prevention measures, there won't be any children or grandchildren, so there's that problem solved.

The more interviews Speaker Pelosi gives explaining how vital the STD industry is to restarting the U.S. economy, the more I find myself hearing "syphilis" every time she says "stimulus." In late September, America was showing the first signs of "primary stimulus" – a few billion lesions popping up on the rarely glimpsed naughty bits of the economy: the subprime mortgage racket, the leverage kings. Now, the condition has metastasized in a mere four months into the advanced stages of "tertiary stimulus," with trillions of hideous, ever more inflamed pustules sprouting in every nook and cranny as the central nervous system of the body politic crumbles into total insanity
The rules in this new "post-partisan" era are pretty simple: If the Democratic Party wants it, it's "stimulus." If the Republican Party opposes it, it's "politics" – as in headlines like this: "Obama Urges GOP To Keep Politics To A Minimum On Stimulus." These are serious times: As the president says, it's the worst economic crisis since the Thirties. So politicians need to put politics behind them and immediately lavish $4.19 billion on his community-organizing pals at the highly inventive "voter registration" group ACORN for "neighborhood stabilization activities."
"Stimulus" comes from the verb "stimulare," which is Latin for "transfer massive sums of money from what remains of the dynamic sector of the economy to the special interests of the Democratic Party."
it seems clear that large numbers of people voted for this president because they wanted something different, something other than "politics as usual." Not just something pseudo-different like the dreary maverickiness of John McCain "reaching across the aisle" (one of those dead phrases no one outside the Beltway gives a hoot about), but something really different. But the "stimulus" package is just politics as usual with a few extra zeros on the end. Will you notice anything? No. Don't get your hopes up. If you're broke now, you'll be broke in October. The Congressional Budget Office estimates only 25 percent of it will be spent by early next year. The other 75 percent is as stimulating as the gal in the Nancy Pelosi Pussycat Lounge telling you she had such a good time she's penciled in a second date for spring 2010. A third of all the spending won't come until after 2011.

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