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Economy Stimulus Truth

The Stimulus Package That Will Not Stimulate

Rod Thomson

President Trump just announced a $1 trillion stimulus package. Democrats will greatly lard it up in Congress. I have severe reservations.

Given everything we have ever known about how Congress and D.C. works, a “stimulus” package that would chuck $1 trillion at industries and people over the next month or so sounds like a perfect disaster. Remember, all of it, like the obscene overspending we’ve been happily skipping along with, comes from our children’s pockets. That’s immoral.

First, a reminder for Congress and the White House that money doesn’t grow on trees and we’ve already been spending like drunken sailors for 20 years. Sure, this is a highly unusual situation, but because of the corrupt and obscene spending that is part of life in Washington, we just can’t throw money at things. We’re not financially sound enough.

Second, stimulate what? We’re not supposed to be out there “consuming.” 

Stimulus packages, if you are a Keynesian, which I am not and last I knew most conservatives were not, operates on the principle that the economy can be goosed by the government injecting money into it. That is an unproven theory at best as it seems that FDR’s endless spending and federal programs in the 1930s prolonged the Great Depression. Obama’s stimulus package in 2009 after the last panic set the stage for the worst economic recovery in the history of recorded economic recoveries. But also, we’ve all but pushed pause on the economy, so there is about zilch to stimulate.

This is a bailout. And guaranteed that once it gets to Congress, it will be larded up further. (Maybe Democrats can take another run a getting publicly funded abortions like they did a week ago. Really disgusting.) Expect the final product to be well north of $1 trillion.

But then what? Seriously. What do we do in May? Will we chuck another truckful of our grandchildren’s money at this? And June and August? We’re not going to just jump up from this like nothing happened.

The pain from completely shutting down the economy will not be gone in a month or two. Even if we are struggling back to normalcy by summer, the impacts will be much longer. Everyone’s running for re-election at that time. The money spigot will just keep gushing.

I get it. I lost one client yesterday until we are past this, and could lose more. A lot of people will be hurt financially. But throwing money that we don’t have at it — which is, quite literally, taking money from our children and grandchildren for our needs and wants of this moment exactly as we have been for too long — is a terrible and immoral idea.

Alas, in our soft and history-ignorant culture, it is probably good politics.

My gut tells me that President Trump’s gut is uncomfortable with this. But everyone in D.C. is telling him this is the way to go. Even Democrats are on his side for once in shoveling our children’s money at the problem. 

Rod Thomson is an author, past Salem radio host, ABC TV commentator, former journalist and is Founder of The Revolutionary Act. 


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9 replies on “The Stimulus Package That Will Not Stimulate”

There is substantial evidence the covid-19 virus is a bioweapon developed by the ChiComs.
The ChiCom military has identified the virus as a bioweapon released by the US! They admit it is a bioweapon and of course deny they released it. This is an act of war.2.5 million Americans and Brits alone are projected to die a result of this attack. That’s more than WW II. Millions more will die throughout Europe and the rest of the world.
The ChiCom economy built on smoke and mirrors is failing. In order to divert attention, public outrage and disorder they released the virus on their own population and spread it around the world before making the epidemic public. The Chicoms have a cover for the collapse of their economy, have established even greater control over their slave population and have infected the West and orchestrated a panic with the object of bringing Trump down and replacing him with a Manchurian President such as Sanders or Biden or Hillary. This isn’t a coincidence, it is carefully planned and executed attack on the US designed to enhance Chinese power and destabilize the USA.

The ChiComs have launched World War III. They have covered up their collapsing economy, imposed incredibly restrictive measures on their own people, and thrown the West into Chaos. They released a bioweapon that will probably kill 2.5million people in the US and the UK according to recent projections of the Imperial College in the UK. In The Meantime, they have collected hundreds of billions of profits from their carefully orchestrated “panic.”
In the past 4 days the world’s markets have declined by the following:
🇺🇸 -26%
🇬🇧 -26%
🇨🇦 -25%
🇧🇷 -27%
🇷🇺 -20%
🇦🇪 -19%
🇿🇦 -16%

🇦🇺 -24%
🇮🇳 -14%
🇸🇬 -17%
🇭🇰 -12%
🇰🇷 – 17%
Now, look at this:
🇨🇳 (China) + 0,3%
China, the creator of the pandemic, has miraculously “recovered”, has almost no more cases of coronavirus. The world is now beginning to feel the effects and panic about the disease. Who recovered first ?? China itself! It seems to be that this virus was a move by the Chinese government in response to the loss of the trade war with the United States. The goal: to throw the world into recession !!!
Is the scenario not clear? They are already growing! China bought almost everything it devalued on the stock exchanges around the world … with that the Chinese became owners of the global companies that are in China and without the money leaving ChinaTHE CHICOMS HAVE DECLARED WW III and NO ONE NOTICED!

China ain’t about shit.
Stupid commmies.
If China went to war with us, that would be the end of Wal-mart for them to sell their junk, and they’ll lose their market for dildos and sex dolls.

Since America is the only financial super power, who is it exactly that we owe money to? Who cares!
What will China do since their economy depends upon ours?
They chose to be asses and Trump allowed them to cut their own leg off.
If we go under the rest of the world will be underneath us.
We are building a border wall in case that happens.
KAG!

It will be about as effective as Odumbo’s shovel ready BS jobs were all the money will end up in dem/communists pockets just like last time Trump has been had.

I was initially opposed to this spending package, but someone pointed out to me that good economics is rarely good politics and vice versa. State of emergency, travel ban, stimulus: the media will look foolish saying he isn’t doing enough. Hopefully in 2nd term the president will not need to play politics at the expense of the economy, but he stands to lose many votes saying COVID-19 panic is overblown, mostly affects old people, etc. Has to throw away insane $ to demonstrate compassion. Problem isn’t Dems or the media, the problem is universal suffrage. Sorry Rod, but people don’t need to be smart or moral to vote.

I was initially opposed to this spending package, but someone pointed out to me that good economics is rarely good politics and vice versa. State of emergency, travel ban, stimulus: the media would look foolish saying he isn’t doing enough. Hopefully in 2nd term the president will not need to play politics at the expense of the economy, but he stands to lose many votes saying COVID-19 panic is overblown, mostly affects old people, etc. Has to throw away insane $ to demonstrate compassion. Problem isn’t Dems or the media, the problem is universal suffrage. Sorry Rod, but people don’t need to be smart or moral to vote.

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