The Congressional Budget Office on Wednesday warned that while the Obama Porkalus will help in the short run, it will ulimtately harm the economy in the long run.

“CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing.

CBO estimates that by 2019 the Senate legislation would reduce GDP by 0.1 percent to 0.3 percent on net. [The House bill] would have similar long-run effects, CBO said in a letter to Sen. Judd Gregg, New Hampshire Republican, who was tapped by Mr. Obama on Tuesday to be Commerce Secretary.

The House last week passed a bill totaling about $820 billion while the Senate is working on a proposal reaching about $900 billion in spending increases and tax cuts.”

You know it’s interesting that while anyone with half a brain knows that this 900 billion dollar porkfest will cream the economy and do little or next to that in helping the economy. In fact many experts predict that the economy will recover on it’s own with no stimulus at all – it’s actually done that before through the last 4 recessions.

Still we have Obama and his lefty minions fighting to the death with silly assed arguments and fear tactic to get this by the American people in spite of the fact that they have overwhelmingly rejected it.

Who is zooming who?

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