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Comments By People Who Should Know Better

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7/14/09: Mortimer Zuckerman (Chairman and editor in chief of U.S. News & World Report: ". . . too much of the (stimulus) money went to transfer payments such as Medicaid, jobless benefits and the like that do nothing for jobs and growth." (Medicaid and jobless benefits recipients do not destroy the money they receive. They spend it on food, clothing, rent, entertainment, medicine, etc. -- spending that creates jobs and growth.)

3/18/09: Representative Earl Pomeroy, Democrat of North Dakota, screamed at the AIG bonus recipients, “Give us our money back.” (He neglected to mention that the money would not go back to us but to the government, the same government that takes “our money” in the form of taxes. No one reading this will be one cent wealthier because of the House action.)

3/16/09: Senator Charles Grassley, "[The AIG bonus recipients should] resign or go commit suicide." (Congress leaps into a cynical feeding frenzy, hoping we, the gullible public, will forget where the blame for the recession really lies: Congress.)

March 8, 2009: Professor Robert Salomon, Associate Professor of Management at NYU's Stern School of Business said, “Why should GM and Chrysler use money loaned by the U.S. Government to transfer wealth from U.S. taxpayers to exiting GM/Chrysler employees?” (Excuse me professor, but those employees are taxpayers.)

March 8, 2009: By J. David Goodman and Brian Knowlton: “John McCain and Richard C. Shelby, two high-profile Republican senators, said on Sunday that the government should allow a number of the biggest American banks to fail. ‘Close them down, get them out of business,’ Mr. Shelby, the senior Republican on the Banking Committee, told ABC’s ‘This Week With George Stephanopoulos’ ‘If they’re dead, they ought to be buried.’” (And these are the people upon whom we depend to cure the recession and prevent a depression.)

March 6, 2009: WASHINGTON (AP): Rep. John Boehner, R-Ohio, urged President Obama to impose a spending freeze until the end of this fiscal year. (A spending freeze when the economy is starved for money and federal spending is the only source?)

March 2009: Right wing commentator, Rush Limbaugh, said he hopes President Obama's economic policies fail. (That should help the millions of Americans hurt by the recession)

9/17/2008: Jeannine Aversa, AP Business Writer: WASHINGTON — "Will the AIG plan cost taxpayers money? . . . American taxpayers (may wonder) whether the government's $85 billion loan to AIG was a wise investment . . . and will taxpayers turn a profit." (Because the loan was made with deficit spending, it cost taxpayers nothing. Money flowing from private industry to the government is effectively a tax. It helps neither taxpayers nor the economy. )

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September 18, 2008: Senator Hillary Rodham Clinton's letter to Mr. Mitchell at Update me when site is updated