When Republicans Act Like Democrats

From The Patriot Post:
“We’re all Keynesians now." So famously declared Richard Nixon back in 1971, in what we thought was a different economic era. But after [recent events], we’re not sure what decade we’re in. With Federal Reserve Chairman Ben Bernanke and President Bush both endorsing temporary tax cuts and more federal spending as ‘fiscal stimulus,’ an inflation-adjusted version of Jimmy Carter’s $50 rebate can’t be far behind. Appearing before Congress, Mr. Bernanke told Democrats what he thought they wanted to hear. The former academic economist blessed a ‘fiscal stimulus package,’ as long as it is ‘explicitly temporary.’ How new federal spending can be ‘temporary,’ he didn't say, as if a dollar collected in taxes or borrowed and then spent can be recalled. The ‘temporary’ line was thus a dagger aimed directly at the heart of Mr. Bush’s desire to make his tax cuts permanent. The Fed chief did aver that, ‘Again, I’m not taking a view one way or the other on the desirability of those long-term tax cuts being made permanent.’ But of course refusing to endorse something is itself a point of view—a point Democrats were already joyfully repeating... Instead, Mr. Bernanke embraced the explicit Keynesian notion that the government should write checks to ‘low and moderate income people,’ who will spend it quickly and thus lift consumer demand... We’re all for putting more money in the hands of the poor and moderate earners, especially via stronger economic growth that will give them better paying jobs. But the $250 or $500 one-time rebate check they may now receive has to come from somewhere. The feds will pay for it either by taxing or borrowing from someone else, and those people will have that much less to spend or invest themselves. We are thus supposed to believe it is ‘stimulating’ to take money from one pocket and hand it to another.” —The Wall Street Journal

Soap Box Ravings remains in awe and feels that even more amazing bullshit awaits us. There is an old saying that a fool and his money are soon parted. So we spend millions of dollars and the only benefit is many of the low wage earners now have a high definition television.

Soap Box Ravings can't help but wonder if the federal government for example started to repair or maybe even increase the interstate highway system that we would reduce unemployment, get money rolling through the economy and the low income wage earners may decrease in this country. Or the federal government could hire folks to repair and or improve the National Parks System.

Spending money to create jobs would eventually result in more folks paying taxes. Just handing out money will not help anyone.