Sunday, May 10, 2009
Money Like Water
One day I will look this and laugh, well maybe not laugh, maybe cry so hard that I will laugh that crazy laugh that TV villains do. You know like that Vincent Price laugh that you hear at the end of Michael Jackson’s thriller album. I’m certain I will be sitting in my padded cell, maybe even with a caterpillar, rocking back and forth reciting. “Yes Big Brother. I worship you. I honor you. You are the greatest.”
As last Friday’s monthly employment report showed, job losses are showing no signs of reversing anytime soon – a point the President’s chief economic advisor, Dr. Christina Romer, acknowledged over the weekend. And while our job market is hemorrhaging, so too are the federal government’s books, with the Associated Press reporting this morning that the budget deficit this year will climb to $1.8 trillion – nearly four times the record set just last year. Perhaps the most startling aspect of the White House’s budget admission: the government is borrowing 50 cents for every dollar it spends this year
Can you imagine if you tried to run your household budget like this? In other words, what if you had to borrow half of your budget on your credit card? Any financial consultant worth a salt would say “ARE YOU CRAZY?” Essentially that’s what we are doing you know. We are borrowing from our children and what is our return on investment? We are spending hundreds of thousands of dollars to create a job that pays maybe $30,000. Just send me my check it would be cheaper and I promise to spend it in a way that will stimulate more jobs.
OBAMA said that his Recover Act has already saved or created over 150,000 jobs. Sadly the Us has lost more than 1.2 million jobs since Obama took office, according to the Bureau of Labor Statistics. Not quite certain when all this job loss stops being Bush’s and begins being his.
Also Obama has not really explained to me under his transparent administration just what the job-counting formula is for counting jobs created by the stimulus bill.
While I’m on the “It’s All Bush’s Fault” rant, how about this Obama quote. Number one, we inherited a $1.3 trillion deficit….That wasn’t me.”
In fact, the congress was under Democratic control in 2007 and 2008. For those who didn’t pay attention in high school history it is the Congress who holds the purse strings. George Bush does hold some responsibility because he signed the legislation. Don’t think I haven’t forgotten or excused that.
In Bush’s final months he said we had to hurry to sign the emergency financial bail-out package. Much was made about McCain rushing to sign on but Obama also supported it. Don’t forget the Dems wanted to make it even bigger. I, like many other Americans were all for these companies to go under but instead, our money, the money that Congress treats as their own went to prop up the same institutions that spent like drunken sailors. (My apologies to drunken sailors everywhere.) Oh and Obama did vote in support of Iraq war spending even though he voted against the war.
I try not to get too political on my blog but our history is being written right now and I'm doing my best to document what is happening.
Something funny happened today in my seventh period class today. One of my students, G just walked in the door after having gone to the bathroom. In that very instant the phone rang. G looked at the phone and as I was walking over to answer it he said, “I just felt a charge go right through me and into that phone. It’s like I know that phone call is about me.”
I picked up the receiver and the voice at the other end was a student calling for one of the coaches. “Coach so and so wants you to send G down here.” It was just plain odd. I sent G down there and he was gone all period. He thought I was joking at first but I just thought it was funny how sometimes people just know things.
These are the blog contests I entered:
Prizes (3): Romano's Macaroni Grill gift basket.
Prize: Pink Vado HD pocket video camera.
Prize: Creative Vado HD pocket video camera (ARV $229.99).
Prize: $50 Visa gift card and Kleenex Anti-Viral Tissues.
Prize: Two canisters of Wet Ones Antibacterial Wipes for every classroom in your child's school.
Prize: Pair of eyeglasses from EyeBuyDirect.com [excludes designer frames and sunglasses].