Wasting Time With Alex

Here is why there will be no economic recovery

It looks like the democrats are going to make sure that there will be no chance for any kind of an economic recovery:

President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on business and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said.

In addition to tackling a deficit swollen by the $787 billion stimulus package and other efforts to ease the nation’s economic crisis, the budget blueprint will press aggressively for progress on the domestic agenda Obama outlined during the presidential campaign. This would include key changes to environmental policies and a major expansion of health coverage that Obama hopes to enact later this year.

Not only are we going to create massive inflation for you by borrowing a ton of money to buy votes with, but we will make sure the people that actually provide capital for economic growth do nothing of the sort. Brilliant strategy, because ultimately the plan is not about fixing the economy, but about getting government in charge of everything. Nothing guarantees you re-election like a ton of voters that depend on your handouts for their existence. Welcome to collectivist mediocrity! We are hosed. Of course these democrat elites will not be paying any taxes anyway.