Source: Campaign for Liberty
Date: 2/7/2009
Key points:
- The “stimulus” package is a pure spending package and it looks like the package will be passed
- 3 Republican Senators have agreed to vote with the Democrats (Sens. Susan Collins and Olympia Snowe, both of Maine, and Sen. Arlen Specter of Pennsylvania)
- In the House, all Republicans voted against the package, but it was too little to late; they are “born again budget conservatives”
- We need more spending, but it has to be done by market forces, not the government
- Artificially low interest rates and inflation caused malinvestment
- The stimulus package is more of the same, and it exacerbates the problem and runs the economy into the ground
- There is now a dollar bubble and there will be a dollar collapse once foreigners stop buying our debt
- Government intervention, socialism paper money, and dependency on the government brought us to our knees
- There is hope as many people are looking into this matter; we must do our very best to move this country into the right direction
Read CNN’s article on the video.
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