Government waste as economy booster shot

looks like the Bush administration has found a way to keep the economy growing despite economic slowdown, a deteriorating housing market and the recent small shift of oil producers from dollars to euros (here). How? simple–government waste.

that’s right, in an attempt to keep the economy healthy the Federal Emergency Management Agency has pumped some billion dollars into the US economy. Why am i writing abou this? Because the GAO is reporting that a significant portion of that money was given out improperly. one report i heard was that FEMA was giving people checks for rent, despite the fact that those recipients were living rent free in FEMA provided trailers.

well, at least the administration is consistent. Bush cut taxes to the rich to pump up the economy and now is just plain giving money out to anyone devious enough to ask for it. sounds alot like farmer subsidies and corporate welfare.

One Response to “Government waste as economy booster shot”

  1. drunken cynic Says:

    In so far as millionaires find their satisfaction in building mighty mansions to contain their bodies when alive and pyramids to shelter them after death, or, repenting of their sins, erect cathedrals and endow monasteries or foreign missions, the day when abundance of capital will interfere with abundance of output may be postponed. “To dig holes in the ground,” paid for out of savings, will increase, not only employment, but the real national dividend of useful goods and services. It is not reasonable, however, that a sensible community should be content to remain dependent on such fortuitous and often wasteful mitigations when once we understand the influences upon which effective demand depends. – John Maynard Keynes, The General Theory of Employment, Interest and Money (http://www.marxists.org/reference/subject/economics/keynes/general-theory/ch16.htm)

    Bush must be a Keynesian.

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