Boston's New Economic Czar: Iggy Maynard Keynes

Boy, Iggy really went above and beyond the call of stupidity today. He spewed a lot of knee-jerk, reactionary garbage that could keep me here all night - except I just don't have the time, since I have a life. Let's focus on what seemed to draw the most caller anger - Iggy's attempted defense of the "stimulus package".

John and Gerry started going through some of blatant pork in this nearly trillion dollar boondoggle. As they mentioned specific items, all Iggy could say was that the stimulus package would "create jobs" and "stimulate the economy". Now matter how inane, or how much an obvious complete waste of taxpayer money the item, like a well trained parrot, he kept repeating the same, standard party line.

Iggy, let me first explain something to you. Even if every dollar in that stimulus package was truly being spent in an honest attempt to stimulate the economy, what Bush tried before he left office, and what Obama is trying now (government spending to boost the economy) is called Keynesian Economics. Much like like manmade global warming, anyone who has a brain and takes the time to learn the facts about it, knows that it is a crock and that it does not work.

Government cannot create wealth - it can only devour it like a ravenous swarm of locusts. Government cannot create real jobs. Giving people synthesized government jobs digging ditches or raking leaves does not work, because the jobs are artificially created. They have to be paid for in one of two ways; with higher taxes or borrowed money - both of which take money out of a free market. Higher taxes are directly confiscated from individuals and business, while increased government borrowing reduces the amount of available capital that can be borrowed by individuals and businesses, and drives up the cost of borrowing whatever capital is left.

Gerry was quite right when he said cutting taxes works; it has been proven time and again (Kennedy, Reagan, Bush). Using some quick numbers I pulled off of the IRS web site, I found the following: the federal government's 2006 income was $8 trillion dollars. Of that, approximately 43% came from collecting income tax, which comes out to $3.44 trillion dollars. Conservatively estimating roughly the same numbers in 2008, the idea Gerry mentioned of a three-month federal income tax holiday would result in $860 billion dollars being put directly into the hands of individual consumers and businesses. They would be free to spend, invest or save that money as they saw fit, and any one of those three options would help stimulate the economy - all without the cost of confiscating and redistributing the money with a healthy serving of pork! Of course, to a properly indoctrinated liberal like you, facts are meaningless.

Not only would this plan truly stimulate the economy, it would eliminate things like spending hundreds of millions of dollars on new cars for government workers, giving billions of dollars to criminal enterprises like Acorn, and flushing $50 million dollars down the toilet called The National Endowment for the Arts. You remember that line item, right Iggy? The one to which when you were asked how giving them that money would stimulate the economy, you answered: "I don't know how, but I have a feeling it will"? A feeling? Are you out of your mind? Are you truly so brainwashed that you can't see that this is total waste of money and middle finger to American taxpayers? Get the cattle ring out of your nose!

Even that moron J.C. from Rhode Island who called to defend you said that it would not help stimulate the economy - although he did say that we should still spend the money to "better everyone". I think that statement may be dumber than anything Iggy has ever said. Hey J.C., here's a link to the United States Constitution http://ratify.constitutioncenter.org/constitution/constitution.pdf. I must have missed it, so take a look and when you find the part that reads: Congress shall levy taxes for the purpose of raising revenue to be spent to better people, you get back to me, OK peaches?


Odds and Ends

Matt Lauer is going to interview Obama during the Superbowl pregame show. Here's a tip Matt, until then, don't eat or drink anything given to you by Keith Olbermann. One serious question though, for Matt, will there be an NBC logo or the Presidential Seal on the kneepads?

Meter, I liked your idea about shuteverettup.com. Maybe we could roll that up with shutjermaineup.com. Drop me a line and we'll run some numbers.

I'm watching the late edition of Comcast's Sports Tonight and Dan Shaughnessy’s hair is a somewhat normal blondish-brown again. I guess the rumors about a cease and desist order from Ronald McDonald’s attorneys are true.