Stimulus?? Hell NO! This is a Spending Bill

I just have to respond to this absurd STIMULUS bill passed and signed by our Savior and Chief Mr Obama. I was pursuing the blogs when I came across an idiot who said the following:

Wow, I am amazed at how little economics people know but are willing to just say things regardless. I am pissed off at the stimulus bill exactly because of tax cuts. Cutting taxes is exactly opposite of stimulating economy — creating worthwhile projects is the way to do it. The fact that the same Republicans that gave us 1 trillion in debt are asking for more tax cuts is shameful. Did this country have a lobotomy after January 1st? We had tax cuts for 8 years… So the only question is: Are you better off now than 8 years ago?

I responded:

Pearl, you obviously do NOT know a twip about economics. You say: “creating worthwhile projects” is the way to go. You have no clue.

You do not inject $1 trillion dollars into the economy with out the real threat of inflation. Productive people and businesses create goods and services that they trade between each other in the open market. If you just inject $$$ into the system ($1 or $2 TRILLION), you create a demand/supply imbalance. Lots of money buying fewer goods (because this stimulus DOES NOT produce anything) there will be shortages and the price of goods will go up.

The argument about tax cuts is a freedom issue. I would rather spend my money on goods or services I choose to buy rather than the Government choosing where to spend it. I produce and buy from other producers. You want Government, who does not produce a dammed thing, to spend my money! This country is in dire shape if people like you are in control.

Econ 101 my dear!

As I say in my profile:

My greatest peeve is the downward spiral of education in our country as it has produced nothing but confident idiots who blindly follow the most recent social fads and worship todays most popular icon.