The Twilight Zone: “Nightmare at 2,821,474 Feet”
The bizarre, contradictory logic presently being used to defend the efficacy of Stimulus Spending increasingly resembles science fiction.
“You're traveling through another dimension, a dimension not only of sight and sound but of mind; a journey into a wondrous land whose boundaries are that of imagination — Next stop, the Twilight Zone.”
Face to Face with Stimulus Spending Logic
Judged on the criteria asserted to justify the $787 Stimulus Bill, the spending has been an objective failure.
“Our plan will likely save or create 3 to 4 million jobs” - Barack Obama, January 2009
Yet according to the Administration the Stimulus Spending has worked.
Dow Jones, July 8 – “The economic stimulus plan has created or saved 150,000 jobs since its inception in February, a senior White House Budget Office official said Wednesday.
Rob Nabors, the deputy director of the Office of Management and Budget, told a congressional panel that the jobs figure is based on an economic model used by the Obama administration.
He told the House Oversight Committee that the administration didn't differentiate between jobs created and existing jobs saved.”
Not only has Stimulus Spending worked, but according to President Obama the bill “has worked as intended”. (Bloomberg, July 11)
Defiance of reality is one thing, but Stimulus supporters are now making arguments which directly contradict their own stated defense.
Apparently the Stimulus "was not designed to work in four months -- it was designed to work over two years." – Barack Obama (AP, July 11)
If this were true:
- Why was there such urgency to pass a flawed bill in February?
- Why was the intent of the design not disclosed when the Bill was proposed and debated?
- Why did the Obama Administration project unemployment to peak at 8% in September and fall throughout the fourth quarter of 2009 to approximately 7.9%?
Even stranger given the context are Administration suggestions that a second Stimulus may be required.
Why would a reasonable person consider another Stimulus Spending initiative if any of the following are true?
Stimulus:
- Has failed to realize the employment benefits asserted to justify its extraordinary, deficit-financed expense
- Is “saving and creating jobs as intended”
- Is not intended to kick in until 2010 and has not yet had time to work
Stimulus has either been a waste of money, is working as intended or has not yet had time to work. Under none of these scenarios would an additional round of Stimulus Spending be logical or prudent.
Title Explanation: The stacked height of $787 billion in $100 bills is 2,821,474 feet or 534.4 miles. "Nightmare at 20,000 Feet" was a famous Twilight Zone episode aired in 1963 starring William Shatner.






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