Monday, July 06, 2009

Obama's Katrina

The Tribune likens it to a hurricane. Now the (stimulus, spend and spend but no jobs) disaster that is our economy is Obama's. James Pinkerton:

The problem the Democrats have--and come to think of it, the country has it, too--is that even if you want to build something, you can't do it. That is, you can't do it without plowing through years' worth of lawyers and environmental-impact-statement-writers, nor without enduring endless hearings and lawsuits where every last NIMBY gets a whack at the project. And so even before this terrible recession, America's capacity actually to build anything--build a highway, build a bullet train, build a power plant -- had been crippled.

So piling on new money does no good, because the old money hasn't been getting spent. Getting spent, that is, on bricks and mortar and technology, as opposed to lawyers and consultants. In the past, "stimulus" was a way to put blue collars and hardhats back to work. Yet now, the only people being stimulated are white-collar lobbyists and litigators.
Roll back the wasteful spending and the repressive regulations. NOW. Give us some air to breathe and Americans will recover on their own.

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