In the engineering world we often say the following in regards to Futility:
futility (n) \fyü-ˈti-lə-tē\: The act of doing the same thing over and over expecting a different result.
Unsurprisingly our leaders in government do not seem to have ever heard of the word or understand it’s meaning.
Federal Reserve Chairman Ben Bernanke told Congress Wednesday that a new stimulus program is in the works that will entail additional asset purchases, the clearest indication yet that the central bank is contemplating another round of monetary easing.
The economy hasn’t budged even with all the money they’ve been throwing at it. They’ve actually started throwing enough money at the problem it’s making it worse. Instead of cutting back and trying to control spending and pulling back, they approached the problem like a sailor with his pay on liberty. Spending money on beer and women while wasting the rest. They dumped money into running guns across the Mexican border through the last stimulus, what is the next state sponsored terror?
Unemployment, by their crappy metrics, is still at an exorbitant high. Given all these problems their solutions are to spend more money we don’t have and tax the hell out of the people trying to make ends meet to do it.
News flash to everyone, it didn’t work the first time and it’s not going to work this time. But that isn’t what anyone wants to hear now is it. Some time’s the truth hurts.