stay connected

FrumForum Facebook FrumForum YouTube Update Twitter FrumForum Flickr

Buy Before Reading

February 12th, 2009 at 5:54 am David Frum | 2 Comments |

| Print

So the stimulus deal is all done and likely to be signed within 4 weeks of Inauguration Day. Impressive in one way. Still – there’s something about this rush to spend that reminds me of Warren Buffet’s zinger that people will put more care into the decision to buy a new refrigerator than into an investment of their life savings.

Recent Posts by David Frum



2 Comments so far ↓

  • Bulldoglover100

    ….so tell me David…what do you honestly think will happen if don’t pass a stimulus? If all we did was cut taxes? That’s the alternative because that’s all I have heard from the GOP.
    How many people will be out of work by the end of the month? How many of them belong to the GOP? How many of them do you think will help us get out of this position of no power come 2010 if we did get our way? How much of the screaming about the stimulus is just people we elected hedging their bets so that if it fails they can say they were right? Love the gamble on my and my childrens lives for nothing less than political gain. What is it going to take to get the GOP to realize that not all of us are conservative to the max? and that those of us stuck in the middle also vote yet still consider ourselves Republicans? and that times and the enviroment have changed and the GOP is failing to change with it?
    It’s why we lost in 2006 & 2008 and it’s why we will continue to lose if things don’t catch up.
    The country is headed down the toilet and the majority in this country see our party as the reason. Like it or not and call me a troll for saying it but that won’t change it…and we don’t change our chant.

  • jeffburk

    Bulldoglover100, please bear in mind that the choices available to our elected representatives are not confined to (A) $800 billion in spending or (B) tax cuts. What the country needs is a thoroughly and thoughtfully considered combination of solutions aimed at (1) assisting the unemployed, the uninsured and those threatening with losing their homes during these tough times and (2) providing incentives to attract private investment back to the financial and capital markets so as to promote renewed economic growth. The opposition to the $800 billion spending package, by some Democrats and most Republicans in Congress and by many Americans according to polls, is not misplaced, because the spending package is not designed to meet these goals. The spending package is like the pork that Republicans were rightfully scolded for repeatedly approving during the Bush years, only maginified 100-fold. Your concern about our children’s future is justified, because not only will this spending package result in record-breaking deficits now without any real prospect of short-term gain, but will likely raise the baseline of federal spending to 30% of GDP from here to eternity. This is not a liberal-conservative issue. It is common sense that merely throwing money at the problem is not a viable solution, and the long-term costs will be devastating.

Leave a Comment

You must log in to post a comment.