Diary

Creigh, Brian and Terry on the Stimulus

Christina Nuckols wondered what the candidates running for Governor think about the stimulus.

I got my answers from Bob McDonnell and Bill Bolling last night. But Christina opened the question to the Democrats as well. She spoke with Bob McDonnell, too, who sounded firmly opposed to the idea (though the response I posted offered far more context). As for the Democratic contenders…well, depressing is about the best thing I can say.

First, there was Creigh Deeds:

“The stimulus package pulled our rear ends out of the fire,” he said. “But there’s a long-term cost to this deficit spending in terms of devaluating the dollar, inflation and increased debt.”

It did indeed remove their fannies from the flames. That only a very few in the Senate refused to take Uncle Sam’s debt-laced gifts, though, tells me the good Senator’s concerns are mere window dressing, as he voted to take the money and run.

Next was Brian Moran:

“This stimulus will put Virginians back to work,” Moran said.

The only real question is what Mr. Moran intends to do with his life after government service. Perhaps that’s why he’s so interested in getting Virginians “back to work” — there’s an off-chance one of them might be willing to give him a job.

And then there’s the chicken man, otherwise known as Terry McAuliffe, who has a few choice words for those who might turn down the federal lucre:

“It’s totally hypocritical,” McAuliffe said. “The money going back to the states is taxpayer money. This is their money.”

There’s so much wrong — fundamentally wrong – with this statement, it’s hard to know where to begin. One would think that as much as Mr. McAuliffe touts his business background, he would understand that the source of these funds isn’t taxpayers, it’s the bond market. And the bond holders will expect repayment, with interest, for years to come. Or put it another way: mortgaging the future to meet today’s needs is one of the reasons we’re in this mess.

Then again, considering that the three Democratic candidates for governor have collectively shown a determined dislike for economic liberty and fiscal restraint, their answers are not surprising at all. Short-term thinking, soulless sound bytes and outright economic illiteracy have been hallmarks of the political class for some time.

The truly sad thing is how many people agree with them.