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Bob Corker: "Stimulus" Package Is Nothing Short of Disaster
Senator Bob Corker is likely the smartest member of Senate currently. While on a relative basis this is not saying much when one juxtaposes him with the intellectual fortitude (or lack thereof) of his 99 peers, Bob, unlike the entire current administration, will actually think before he condemns future generations of Americans to a miserable hyperleveraged and hyperinflated existence.
We agree with everything contained in the press release that was just released from his office. For the lazy among us, there is also a youtube clip.
This should be mandatory reading for everyone who has even remote political, economic or financial aspirations.
Some of the highlights:
Again, I appreciate those folks who are trying to work together to make this bill, which is a disaster in my opinion, slightly better. But, I wonder if it wouldn't make more sense for us as a country to just wait for a week or two to hear the rest of the administration's plans as it relates to solving this problem. I think for us to rush out and put forth $1 trillion in spending on top of a projected $1 trillion deficit without fully understanding the other issues that our country and the way that the administration plans to deal with these other issues is incredibly imprudent.
and:
I would just urge people on both sides of the aisle to think about this, to vote their conscience, to not just go along, but in fact, to stop and pause and let's look at all the issues we're going to be dealing with. Let's ask the administration to come forth and talk to us about the price tag of dealing appropriately with the credit markets, with housing, and with maybe some directed spending on infrastructure or something that is not programmatic and doesn't disrupt the way that state government is run.
I feel like our country is getting ready to do something that we will regret and generations after us will regret. I am so concerned about where we are as an economy. I feel like we are using resources today so inappropriately when we're going to need those resources down the road.
It is actually enlightening to realize that there actually are some, very few unfortunately, truly intelligent people in power.
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