The $787 Billion mistake

Forbes has a lovely article about the American Recovery and Reinvestment Act here.

Basically, the economy is slowly showing signs of improvement with the rate of job losses slowing, consumer spending increasing, and the stock market having recovered nearly 40% since March. The Congressional Budget Office is saying that only $37 Billion of the $787 Billion has been spent so far, so it is obvious that the recovery thus far isn't because of the ARRA stimulus.

I recall hearing our almighty teleprompter assure the nation that the only way to recovery was through this massive government stimulus, apparently that aint how it is going down. Recovery is coming because of the American spirit and free market principles. Whenever there is artificial growth, known as a bubble, the economy needs to readjust and shrink down to sustainable levels of growth.

There is no way of knowing if we are truly out of the woods in all this, but one thing is certain, if the government insists on spending the remaining $750 Billion there will be another crisis that we can't throw money at, a debt crisis.

The government needs to kill the ARRA before it is too late and drop the archaic Keynesian model of artificial government stimulus.

Hope and Change!