Letter: Stimulus package will not fix economy
I am not the smartest person at Central Michigan University, although after reading Central Michigan Life, I might be wrong.
I was passing time between classes and happened to read the 'CM YOU' question of the day from Monday. The question read, "What do you think of the federal economic stimulus plan?" I was not surprised to see that all four responses happened to be in favor of the plan. The liberal agenda that CM Life has portrayed throughout my four years here never fails.
Now, I am not bashing or being condescending toward CM Life. I just ask that all views be taken into account fairly.
That is how journalists become worthy of accreditation.
I understand that 90 percent of media today is liberal and this explains why the average uninformed college student would think that President Barack Obama can do no wrong, including his 'stimulus' package. Let me explain using facts.
The claim is that the package will create about 4 million middle-income jobs. When I heard this, I thought, 'wow, let me do a little division problem.'
Take the $900 billion and divide that by the 4 million jobs created and it comes out to more than $200,000 per middle-income job.
So, Obama's idea of stimulation is to spend $200,000 on a $40,000 per year temporary-work program job that will probably be exhausted after two or three years?
First of all, this bill is full of unnecessary spending.
It has another tax credit check, which we got last year and it did nothing. It has tax credits disguised as tax cuts to trick the middle-lower class.
It has $129 billion to Medicaid, $42 billion in grants to school districts, $20 billion for renewable energy tax credit and a few other billion on things such as new cars for the government, the institution of the arts and overseas birth control. The list goes on.
Medicaid? Institute of the arts? Grants? How do these create jobs?
This bill is just a big 'hey, thanks for supporting me during my campaign' from Obama to certain special interest groups.
People need to realize that government putting its hands into the private sector does nothing but drain the economy. The government cannot create anything without taking it first.
The only way to stimulate a down economy is to implement real tax cuts on business, including corporate tax. We have learned this after the tax cuts of the early '80s and early 2000s, when tax cuts caused huge economic growth.
The only thing government intervention does is prolong recession. Studies indicate the New Deal prolonged the Great Depression by at least five years.
I am challenging CM Life to show both sides.
Stop being the regurgitation of the New York Times, and start modeling your style after the Wall Street Journal.
Donald Mulson
Tawas senior
