Liberal/Leftist Editor Meets Citizen Journalist

Katrina vanden Heuval, editor of the liberal/leftist The Nation ended 2008 with a column titled “The Trillion Dollar Recovery.”

After references to “record numbers of people … relying on food stamps” and claiming there’s already evidence the recession is “increasing rates of child abuse and domestic violence” vanden Heuval tells readers - - -

We don't need a stimulus, we need a recovery. And that means investing $1 trillion over the next two years.

The Congressional Progressive Caucus (CPC) has proposed a plan to do just that--a detailed $1 trillion recovery plan to kick start the economy, invest in sustainable, long term growth and target individuals and communities that are most desperate for resources.

Obama political adviser David Axelrod said this weekend that the new Administration is looking at a stimulus bill in the range of $675 to $775 billion over two years. But is that enough at this moment of metastasizing economic pain and deepening recession?

Not according to CPC Co-Chair, Representative Lynn Woolsey of California, who said, "...anything much less than $1 trillion would be like trying to put out a forest fire with a squirt gun."

Vanden Heuval’s entire column’s here.

Immediately following it, citizen journalist YourJomamma comments - - -

This recommendation is nothing more than transfer payments... Another form of a government check.

Nothing of this spending will help grow the economy or improve the atmosphere for economic recovery. All this is nothing more than spending other peoples money, money not yet generated and money not created as wealth. None of the spending is creating wealth and creating wealth is what is needed to generate more capital.

Cutting expenses when money is tight is the correct solution but we will never see that occur. The same people who set up the conditions and the events of the economic crash are now being put in charge of "fixing" it. I can't wait for the healthcare plans. (emphasis added)

Cutting taxes, letting the bad business fail and regrouping in the natural market is the solution we will never see and more government spending is what we will get, along with the largest deficits known to man... make Iraq look cheap.

And it will not help, work, or stop the problem... We will become what ALGORE always wanted...we will become stagnant like Japan for 10 years as no wealth will be created to grow ourselves out of our troubles...just government spending and printing.

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My comments:

You can take a look at vanden Heuval’s column and YourJomamma’s comment here.

One following the other on "the same page" provides a nice graphic example of how the Internet is helping "level the playing field."