advertisement

What after 'stimulus' runs its course?

In response to Diane Niesman's March 4 Fence Post letter, Ms. Niesman, you're correct. It doesn't take a Ph.D. to understand supply and demand. However, it apparently takes Economics 101 to understand a capitalist economy. Unless a government literally hires more employees, it never "creates" jobs. The projects that the current government plans will provide work for a limited number of people, for a limited time. Once the projects are finished, we're right back where we started. Government "stimulus packages" have never worked. Look at history. Franklin Roosevelt, Eisenhower, Carter and G.W. Bush all tried it, and they all failed. Worse, the current economic plan has the government buying shares in banks. Let me ask you, if the banks are in such bad shape, and the government buys the banks, what happens to the government when the banks fail anyway? I encourage you to do some research on other societies who have tried these things, and see how it worked out for them. The only thing we will be left with after this "stimulus" package runs its course will be a bigger government, a more socialist society and little or no economic improvement.

Tyler Benjamin

Wheaton