-
Posted
Friday, February 27, 2009 5:54 PM
| By
Rachael Larimore
Hanna, you may well be right that government is the only thing that can save us from this financial crisis. But like Abigail and Bobby Jindal and many of my fellow conservatives, I'm going to maintain a healthy skepticism. Because even if government is going to be our savior, I am not convinced that our government has yet taken the right steps. The stimulus package might indeed have some provisions that actually stimulate, but they're buried among the hundreds and hundreds of pages of pork and years-old Democratic Christmas wish lists. Only 23 percent of the money in the stimulus package will be spent in 2009 and 2010 (by estimate of the Congressional Budget Office), but it was so urgent to get it passed that members of Congress had no time to read it? The market tanked earlier this month after our new treasury secretary announced a bailout plan with no details, apparently because at the last minute he scrapped the plan he'd been working on for months. Chris Dodd—the chairman of the Senate banking committee—had to apologize earlier this week after claiming that maybe banks would be nationalized, causing the market to tank last Friday.
Believe me, I'm not rooting against the economy. I want nothing more than to see my friends and family who've been laid off find new jobs and for things I used to take for granted, like a modest summer vacation, no longer to seem like inaccessible luxuries. But unlike those poor folks who gave all their money to Bernie Madoff and watched it disappaer, I'm not going to put all my hope and faith in the government to sort this out by itself.