February 6, 2009

johngalt on the Stimulus

I must say I'm glad to be in the loyal opposition right now. It's much more satisfying to unleash full-throated criticism of government when those in control are all Democrats. And having written this prior to reading Martin Feldstein's take I see we're on the same page.

via email to both Colorado Senators:

Dear Senator [Udall / Bennet],

I am writing to urge you to vote against the "Economic Stimulus" bill H.R. 1 in its present or any amended form. To amend this bill into a productive measure would require a nearly complete rewrite.

My wife's opposition to this bill, with which I certainly agree, is primarily on the basis that it is immoral to take money from people who earned it and spend it on controversial programs in an effort to restore economic growth by principles which are, at best, merely hopeful. The magnitude of the spending proposed in this bill compared to the time spent debating it is beyond reckless to the point of criminal irresponsibility. That this could actually happen in our government is proof that value is of no consideration while engaged in the practice of spending Other People's Money. Such carelessness leads to "misfortunes" like overpaying $86 billion for securitized assets in a $350 billion bank "bailout" bill.

My personal opposition to the bill, with which my wife certainly agrees, is primarily because it would create many new government agencies (38 by some estimates) and associated recurring costs to the treasury on an annual basis. A majority of the jobs it might create are in the public sector which would have an opposite than intended effect on economic recovery.

You may be surprised to learn, as I was, that even Keynsian economists - who believe government spending can increase economic productivity - are opposed to H.R. 1. They say it is the wrong kind of spending. One might think that a body with as much experience in spending money, albeit other people's, as the United States federal government might be better able to choose the appropriate type of spending in a given situation.

H.R. 1 is not the answer to America's problems. Its passage will be a wasted effort to stimulate the economy and will only lead to further attempts at the same goal. Please vote NO on H.R. 1 and move us more quickly to the next such attempt which can only be an improvement over this one.

Very truly yours,

[johngalt]
Fort Lupton, CO

111th Congress Posted by JohnGalt at February 6, 2009 12:18 PM

Nice. I sent them each an email yesterday as well.

Fat lot of good it will do us -- two Freshman Senators, one of whom was back-bencher in the House. But I think it is good to remind them that a large swath of Colorado voters don't think like them.

Posted by: jk at February 6, 2009 2:46 PM

Yes, I was thinking the same thing. I received an email from the NoStimulus.com petition site reporting the number of signatures has surpassed 68,000. It also said they are targeting specific senate offices: Specter (PA), Snowe (ME), Nelson (NE), McConnell (KY) so I used their execrable web forms to forward my letter to each of them plus Nelson (FL) DeMint (SC) Feinstein (CA) and Inhofe (OK). [This last is my current favorite senator in the country.)

Posted by: johngalt at February 6, 2009 5:14 PM | What do you think? [2]