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Former libertarian vice presidential candidate Wayne Allyn root says this has nothing to do with stimulating the economy.
Just stimulating some political hacks welcome back -- -- -- have you.
Thank you Neil this is stimulating democratic votes for the rest of all time this is up.
New deal to on steroids this is -- Barack Obama's way.
Of literally buying the electorate for the next I don't know how many decades for liberal democratic politicians and it's pathetic and it will bankrupt our country.
All right now I don't think his intention is to by the electorate but not your point is don't let them not I don't because I'm not as cynical as it.
What I will say yeah -- -- what I will say is that.
I had never known a -- -- -- slow down we've come out of by spending our way out of it.
On so I am wondering.
Whether all this money were throwing out you know some sort of some weird things when they have million dollars -- Miami where water park west -- -- they have 8000 what are parts.
I'll leave that alone.
I'm just saying that.
I don't know in the aggregate.
How this stimulates.
The overall economy.
-- -- it's GM pact with waist with pork with earmarks.
With things that would have ballots politicians twenty years ago but forget about all that.
Let's talk about what Democrats would call the real stimulus.
It's gonna hire 600000.
Federal employees do you realize that they -- with bloated salaries health benefits for life penchant for -- We need to pay these people for the next fifty years we're gonna spent a 130.
Billion on education.
You know what that means we're gonna hire teachers who win the stimulus package is long gone -- -- the figure out a way to pay them.
For the next thirty years and then pay their pensions for another 25 years beyond that.
We're gonna pay statements and federal -- to state and local governments 200 billion dollars including California.
Who's had this bloated -- of wasteful spending.
That -- forty billion in debt we're gonna bail them out so a lot so they could spend more this is disgraced well.
You Nixon got a -- you feel about this package but I think in general when it comes at a time when maybe we don't need it -- -- certainly nothing so -- him in the Federal Reserve didn't you know.
Give -- dung -- report today but stocks about 200 points that were reasons that -- seeing signs.
Of -- industrial strength and pockets of the economy.
-- you know not gangbusters to be -- not you know boom type numbers but numbers that are.
Better than they work some beginning to wonder are beginning to wonder now whether.
-- between that ad sales for the home sales jumping indications that some companies.
With hot desirable products apple comes to mind.
They're doing well when you get good reports out of idea am looking forward to may -- what could be a stable 2009.
Better 2000 down.
This is so bad that we don't need so it's open.
Well listen here I don't argue with obviously a positive -- but I have nothing but negative feelings about the United States economy.
I see small business after small business friends of mine going under I -- businessman who can't make it anymore you say these few good reports up.
There's no way -- -- -- -- really -- I don't one area where the voting has now commenced in the house for the president's stimulus package.
There probably has about 900 billion dollars away now what I'm saying here is that.
It's you're gonna pitch an awful economy and an even I disagree on that.
It's not a depressant type economy because I think the more they talk to Preston.
The more -- to justify.
A big build to -- Yet but deal first of all that the very definition by economists in the depression is not necessarily that a reception -- -- It's that it's long another word that the definition of -- -- is that it's eighteen much or shorter a depression is longer and I believe this one.
Well I don't know -- yourself original I think -- careful given -- -- -- -- -- definitions.
Have nothing to do with the wind but the broad broad nature.
Although it's of the of the disease in other words a -- authenticated to hearken back to what we had in the thirties that that.
On the highlights the markets and you have unemployment -- 30%.
-- -- like that now but continue.
But but here's my point listen.
I don't trust when the -- tells me there are good -- because I remember -- April 3.
2008 last year when Bernanke -- -- -- congress and he actually had the nerve to say that we work in a recession yet.
And he thought there was still a chance to avoid a recession and -- little small businessman running at the time for the libertarian presidential nomination.
Was so angry because I have no we were in a deep reflection.
How well yeah.
-- had mine will now would you still get editors and we big tax cuts with what what listen yeah well not just big tax cuts I've said it before I'll say it on your show.
I believe we should suspend the guy arrest for a year we should suspend all income taxes for individuals for one year in the cost of that.
Is a measly one point.
Three trillion dollars.
The Obama stimulus package is going to be at least 900 billion close to a trillion.
And you know he's coming back for more we've already spent six or seven billion.
Belly -- the biggest businesses in America why are we giving people money back by simply letting them keep their own money.
That would create an economic expansion and you're right -- we would get out of the depression.
Aren't we don't --
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