printing money =/= creating wealth.

Proving once again that our leaders have no grasp of elementary mathematics or economics, the Super Pork Bill has passed the House of Representatives.  It’s supposed to revitalize the economy by (among other things) pumping a few billion dollars into Amtrak, which hasn’t turned a profit in decades.  Only ten percent of the stimulus package will actually be spent to improve the infrastructure, but most of it is basically a combination of pork barrel bonanza, and election gratitude reach-around for labor unions.

Trying to stimulate the economy by injecting it with taxpayer dollars and borrowed money is like trying to raise the water level of the shallow end of a swimming pool by transferring bucketfuls of water from the deep end.

One of my VP buddies said it best in a Twitter conversation when he said the following:

“Mmmm….bacon. If only it wasn’t coming from my pig.”

20 thoughts on “printing money =/= creating wealth.

  1. Sevesteen says:

    “trying to raise the water level of the shallow end of a swimming pool by transferring bucketfuls of water from the deep end…”

    …with a leaky bucket.

  2. Tam says:

    I’ve heard that analogy somewhere before…😉

    But isn’t it infuriating that they Just Don’t See It?

  3. El Gordito says:

    It’s not that they don’t see it. They see it. They want it. They take it.

    Power has indeed corrupted. Absolutely.

  4. MarkHB says:

    It’s times like this that alcoholism can work for YOU.

  5. […] Quote of the Day – Bacon Edition “Mmmm….bacon. If only it wasn’t coming from my pig.” – One of Marko’s friends, in re the “stimulus package.” […]

  6. mtsonline says:

    Well, they say that socialism works fine, until they run out of people to rob to keep it going.

    I say we’re past the tipping point for this currency. Buy actual stuff, or metals, for we’ll see the dollar crash like Weimar currency. Don’t be left holding wads of worthless paper when the music stops and everyone else found a chair in which to sit.

  7. MarkHB says:

    *shrugs* I can lay pipe, build walls, make penicillin, cook tasty meals, wind electric motors and generators, calculate load bearing trusses, integrate, interpolate and extrapolate, bind wounds, set broken limbs, deliver babies, run a chest tube, cast solid rocket motors, make plastique from household chemicals, cauterise bleeding blood vessels, scale tall walls with field-expedient kit, make preserves, blow glass, and from that hand-roll vacuum tubes using a foot-pump, make thermite with some rusty iron an an aluminium window frame and tune a quartz.

    *shrugs*

    Fuck are you all shouting about? As long as you’re as good as a drunkard artist like me, you should be fine. And I’m a waste of oxygen, as far as a true competent man is concerned.

  8. LittleRed1 says:

    Mark wins the contest for “Most Popular Man after the Revolution”🙂

  9. MarkHB says:

    My point being that everyone’s capable of a hell of a lot with a little learning and effort. Also that Sierra Nevada Pale Ale should be sipped, not swigged, however much one may have missed it…😉

  10. Rusty P. Bucket says:

    Well, I remember awhile back some nig nogs here saying there was no difference at all between Obama or McCain and half your libertarian buddies were voting for the black kid.

    Now the democrats have your money and they are going to spend it. They are going to spend your childrens money too. Putting them in charge of the finances was like putting drunks in charge of a liquor store.

    Enjoy your lesson in economics and electoral damage control kids.

  11. Marko says:

    Rusty,

    the previous tenant of the Oval Office wasn’t exactly fiscally responsible either, to put it mildly. Drunks, liquor stores, etcetera.

    The Wall Street bailout was passed on his watch. That’s 700 billion that’ll come out of my kids’ paychecks. What’s another 800 billion on top of that, when Dubya already racked up the national charge card to the tune of a trillion just for Iraq alone? Why is it that massive deficit spending is irresponsible when the liberals do it, but folks like you click their heels and wave the flag when the conservatives do it?

  12. MarkHB says:

    *sighs* No reasoning with the doctrinaire. As ever.

    And that’s why we’re in this fucking mess, as ever the majority is bleating a party line, not actually thinking for themselves.

    Pathetic.

  13. Tam says:

    Oh, yeah, the GOP have been models of fiscal probity these last years…

    The only time they act like we’re told Republicans are supposed to act is when they’re out of power. Give ’em control of Congress and they start burning money like sailors in a Manila nightclub, all while engaging in pointless circle jerks over who can marry who and how many murdered babies can fit on the head of a pin.

  14. Tam says:

    (PS: Any bets on how “Maverick” McCain votes here? I got a buck on “Bipartisan”.)

  15. Kristopher says:

    Marko: They do see it … they just don’t care.

    Deliberate hyperinflation is a form of taxation. The money the State prints and spends is an act of theft on everyone else who uses that currency. The State gets full value, while everyone else suffers currency devaluation when all that extra cash suddenly hits the economy.

    They know exactly what they are doing … stealing money from the productive to provide bread and circuses for their voter base. And when it all falls apart, they will try to blame the productive for causing the crash out of greed.

    in the meantime, their personal assets will all be squirreled away in tax havens, and invested in capitalist havens where the crap they push is absolutely not practiced.

  16. Rusty P. Bucket says:

    Well Marko, no I don’t ‘click my heels’ and agree with it. Mind you, I am grown up enough to understand the difference between $700 billion and $1.5 trillion in bailouts. And maybe you can’t tell the difference…but your kids will. Heck, your grandkids probably will too.

    Look, the political pressure to provide bail outs for everyone was always there. The difference between the two parties is how much they throw at those idiots to shut them up. And yes, I do think some degree of deficit spending is required.

    I understand and sympathize somewhat with your political skepticism – but you are clicking your heels too. That idiot in the Whitehouse just doubled debts and already you are making excuses for him. I hope you realize he is just getting started. Can’t wait to see the new gun laws he and his gang will come out with too.

    Guys that do economics for a living are having kiniptions about this – I think that if they are worried, we should be too.

  17. Tam says:

    Conniptions, even…

  18. Tam says:

    (Of course, they were having those conniptions several months ago too, FWIW. When you’re talking imaginary money that you have no hope of paying back, what’s another trillion or two?)

  19. Kristopher says:

    A trillion here, a trillion there … after a while, you are talking about real money.

  20. Dave says:

    Rusty:
    *Look, the political pressure to provide bail outs for everyone was always there. The difference between the two parties is how much they throw at those idiots to shut them up. And yes, I do think some degree of deficit spending is required.*

    Well, Bush threw $700 billion, and Obama threw $800 billion. By your logic, there’s about a 13% difference between the “two” parties.

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