Monday, February 09, 2009

Stimulate the Private Sector

This bill stimulates the government. Why can't we stimulate the private sector, where the real need is? These are the unemployment numbers.

Agriculture and related private wage and salary workers - 18.7%

Construction - 18.2%

Leisure and hospitality - 11.5%

Manufacturing - 10.9%

Professional and business services - 10.4%

Nonagricultural private wage and salary workers (total) - 9.0%

Wholesale and retail trade - 8.7%

Transportation and utilities - 8.4%

Information - 7.4%

Mining, quarrying, and oil and gas extraction - 7.0%

Self employed and unpaid family workers - 6.5%

Financial activities - 6.0%

Education and health services - 3.8%

Government workers - 3.0%

Via NRO. And I want to know, when this bill doesn't work, what's plan B? We won't have any money left.

UPDATE: Somebody else with some of the same questions for our president tonight at his news conference:

5. You have said that the economic situation is so serious that failure to immediately pass the plan would be a catastrophe. If the situation’s so serious, why is most of the spending slated to occur after the recession (according to historical patterns) will likely end? And if it’s so serious, why are tens of billions being spent on frivolous items?

6. Since we don’t have the money contained in the spending bill, when will you have to raise taxes? Which taxes will be raised and on whom? What will be the highest marginal rate?

7. The Congressional Budget Office estimates that the economic stimulus package will actually stifle growth. If your bill passes, what do you project the nation’s GDP to be in 2009? 2010? 2011? What do your experts say the GDP will be if your bill doesn’t pass?

8. What do you and your advisors believe your plan will do to interest rates and the rate of inflation in the next five years?

9. What’s the percentage probability that the stimulus plan will work? If you can’t give an estimate, why should we give you one trillion dollars?

10. What’s your Plan B if the economic stimulus doesn’t work? What's your exit strategy if the plan actually does harm?

What 's the probability these questions will get asked?

UPDATE: This bill's cost per family $11,000. Only 12% actually is real stimulus. Sen. Tom Coburn. Even Sen. Bipartisan John McCain says this bill is worse than none at all.?

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