An Example of Obama's 'Stimulus' That Isn't

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If we need no other example of why government can't "stimulate" an economy, we have but to look at the use to which the city of Akron, Ohio wants to put some of its "stimulus" money. Akron, it seems, wants to spend some of that money for suicide prevention. Oh, not a general suicide prevention program that might at least employ people. No, Akron wants to build a fence on a bridge that seems to emit a siren call for jumpers to prevent them from killing themselves.

Akron's All-American Bridge, a "Y" shaped structure that serves as a main artery into the city, has been a platform for suicide jumpers for so long now that area residents have nicknamed it the suicide bridge. Consequently, city officials have proposed using more than one million dollars of the city's "stimulus" money to erect a fence that will help prevent people from being able to use the span as a means to an end.

Sure it might be a good idea. Who the heck wants citizens constantly plummeting to their deaths from the thing? But, is this something that will "stimulate" the local economy? The only possible answer is a resounding "no."

With some of the most facile reasoning I've ever heard from a politician, Mayor Donald L. Plusquellic says that the million dollar fence is need so that Akron won't look like an "uncaring community." Plusquellic told The New York Times, "I think that for a community to have... an icon that represents suicide, and then not to take some action, do something -- we’d really look like an uncaring community. That is not what our image should be out there."

How we go from trying to buck up a faltering economy to trying to make Akron look "caring" is anybody's guess.

The Times also reports that Akron's suicide rate is no higher than the average for the country, so the project does not seem very urgent. Rightfully, many residents oppose the great expense of the fence project.

But whether this fence is a good idea or not is not the issue. The good citizens of Akron have every right, of course, to vote on erecting this suicide prevention fence and if the majority agree with it then funds might properly be raised to satisfy the will of the people.

But what is being proposed is that Akron use its "stimulus" payoffs from the perpetual campaign effort of Barack Obama to fund this fence plan even though it has absolutely nothing whatever to do with stimulating the economy.

This plan will not create jobs. It will not foster local economic growth. It will not help save jobs or support businesses. Even if one imagines in the dim, Keynesian recesses of his mind that growing government somehow helps the economy, this fence plan doesn't even achieve that fantastic idea.

Good idea or no, this is not a "stimulus" plan and the city of Akron has no right to spend "stimulus" money on this fence. It's really just that simple.

Unfortunately, this sort of misallocation of funds is happening all over the country. "Stimulus" funds are going to improve roads, fund safety projects, going to political payoffs for unions and community groups, and wrongly going to government agencies to fund everything from schools to medical care. None of this "stimulates" any "economy" but that of government. It helps no one otherwise. At least it offers nothing of lasting economic impact.

This is all an excellent object lesson that when left to its own devices government cannot be trusted not to metastasize into areas in which it does not belong. These funds were meant to stimulate the economy and help keep us all from going into a depression. But, instead of stimulating the economy, this money is going for all sorts of things that have nothing whatever to do with the economy. Without the people holding government to strict accountability, government does whatever it wants regardless of what is good and right. Obama's stimulus is a failure and is nothing else but more corruption piled on top of corruption.

This bridge fence plan, whether it is essentially a good idea in and of itself or not, should not be paid for out of Akron's "stimulus" funds. But, sadly, this Obama perpetual campaign payoff has nothing whatever to do with stimulating anything other than his plans to run for president again in 2012 and it really was never meant to do anything else but.

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Comments

Can you explain to me the difference between

Keynes and Mises?

Do you even understand what the philosophy of Keynesian stimulus is?

That fence... it HIRES construction workers. Employment is good -- people spend what they make. Government, in turn, creates more jobs, because someone has to make the steel, and the construction equipment.

Can we ask the same of

Can we ask the same of Congress??

Pop quiz, no open book, and no lifeline.

rofl. I think Gen'l Clark could answer the question...

Does ANYONE in congress have an econ degree??

hmm... 6.7%.

http://blogs.wsj.com/economics/2008/10/01/most-lawmakers-dont-have-econo...

Not too bad, considering...

Maybe ten of them might be able to discuss it competently.

 

All kidding aside, the differences between Keynesian and Austrian Economics, in general, seem to be fairly well understood within congress. My question's significantly more difficult, as it's picking out a particular Austrian Economist from the 1940's. It's not like I'm talking about "tax cuts forever" Friedman. ;-P

Wrong

Your premise is wrong. Government creates nothing. It merely spends. Those "jobs" you seem to think will be "created" will not be created. That contract will go to firms already contracted to government for other things. It will not "help" the economy in any meaningful way.

 

But, yes, I know the difference between Keynes and von Mises. Keynes was wrong. Von Mesis is right.

Government creates nothing. It merely spends.

Government creates nothing. It merely spends.

I'll contemplate this further this morning as I drive to work - on an interstate highway.

 

 

okay, then if you can accept that there is a finite time

lag between "running economy into a bubble" and "functional economy after the bubble explodes"

... what do you suppose we ought to do about the workers in the meantime (15+% U6 unemployment, as of latest numbers)?

...how about the workers who are unable to leave their homes (due to underwater pigs)?

...how do you propose to get the American Consumer out of debt without breaking our entire economy, which is founded on consumer spending into debt??

;-) thanks for playing! Keynes was rather unconcerned about the means by which the Great Depression got started. I like Von Mises, myself. Smart cookie.

You have much to learn, old cricket

 

In the words of cool conservative chemjeff:

A good friend of mine once told me that there are three stages to a person's moral and intellectual development.  Stage One  is when you view the world purely in black/white terms.  Everything is either right or wrong.  There is absolutely no grey area, and to admit as much is a clear sign of apostasy.  Stage Two is when you really do grasp the greyness of the world we live in, and your entire black/white paradigm is thrown into complete confusion.  You then begin to view the world ENTIRELY as grey.  There is no right or wrong at all.  Everything is justifiable, and to deny it is to demonstrate one's intolerance.  Finally, Stage Three is when you begin to set reasonable boundaries between the absolute rights and wrongs of the world and the more difficult shades of grey.  Only in this stage of development can one truly appreciate the complexity of the world in which we live.

 

That contract will go to

That contract will go to firms already contracted to government for other things. It will not "help" the economy in any meaningful way.