It is widely known that the problem with the economy now is that there is reduced changeover of money. People are saving what little they have because of economic insecurity, and this results in less money flowing through the economy. A reduced flux of money through the system, to borrow a physics term, means fewer purchases and therefore fewer jobs for retailers and manufacturers. The stimulus bill is supposed to spur people to start spending again. The most obvious way to do that is to actually hire people. Repairing a road or a railroad line or building a smart electrical grid requires hiring construction workers and engineers. The same holds true for rebuilding schools and making government buildings more energy efficient. And these are things that are meritorious in their own right. Even re-sodding the National Mall means you’ve got to go buy sod from some farm somewhere and hire people to do the work to lay it. Those people then can afford to buy clothes, gas, food, and maybe even see a movie or get a new TV, helping keep the people in those industries employed. In fact, the one way the government can spend money that won’t stimulate the economy is giving tax breaks to people who are relatively well-off. We are the ones who can afford to put that extra money in a bank account (or maybe under a mattress these days).
So what the frak is the problem with these so-called centrists? Why is there so much tax cutting by self-proclaimed fiscal conservatives that will produce the smallest injection of money into the economy, and so much cutting of direct spending measures that will actually result in people working? Are they idiots? Or are they mean? I’m actually asking.