Spreading The Wealth: Newer Deal 2009?

Socialists: Spreading the Wealth

It's becoming increasingly clear from the precocious rumblings the Obama 'Office of the President Elect' that the messiah is planning to expedite a huge New Deal-like, collectivist Keynesian fiscal measures to prop up America's deflating bubble economy.  The latest is that it would be a program along the lines of $850 Billion dollars over two years--or just slightly short of the nominal GDP of Australia or Mexico. 

Of course, Obama wants to be America's new, younger, swankier FDR to Bush's befuddled, cretinous Herbert Hoover.  Just as FDR merely appropriated and extended the cataclysmal policies of Hoover, Obama seems so far hell-bent on extending Bush's collectivism to its logical, dismal conclusion. 

The Obama economics advisory team, which is impressively uniform in its textbook-Keynseiansim, is ardently reaching out to other economists of conforming ideology to develop a plan to "create 2.5 million jobs."

Of course, the only thing Obama's team can come up with considering their theoretically deficient econometric framework is public works and handouts, along with reinflation, to drum up the appearence of economic activity with destructive measures that actually diminish society's growth potential--i.e., government-directed misallocations of resources, which is what brought us to this point of depression in the first place.

So in effect the government will be seizing wealth from current private sources or our children's future wealth to make sure that the normal functioning of a correction does not damage the near term popularity of the political class. 

Not as much 'spreading the wealth' as confiscating it, and burning it on great pires long-ago debunked mythology.