While the $787 billion federal recovery package is expected to save or create about 109,000 Michigan jobs over the next two years, the state government’s top economists predicted in January the state could lose about 190,000 jobs in 2009 and about 80,000 in 2010.
… and another 109,000 once the stimulus money runs out.
What liberals never talk about (for good reason) is this: What happens to those jobs when the stimulus money funding them dries up? The government either throws trillions more at the programs (sending the market into a deeper coma), or the unemployment rate skyrockets (sending the market into a deeper coma). Neither option is good, and that’s why these things should never be allowed to begin their unstoppable downhill roll. This is the slippery slope that is “make work programs.” Nothing but bad things can come as a result, and yet they have the gall to call it “stimulus.”
Liberals pretend to think “long term” when it comes to the climate and the frightening possibility that the average temperature might be 1.2 degrees warmer in a hundred years, but they don’t care to look beyond this afternoon when it comes to the economy.
But, if the goal is economic fairness, then “mission accomplished” — because we’ll all be poor.
A quote from Margaret Thatcher sums it all up: “The problem with socialism is that eventually you run out of other people’s money.”