Second quarter revenue at construction equipment manufacturer Caterpillar tumbled more than 30 percent from a year earlier. And
profits were down a stunning 66%.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMk1rJujyZMWlHn_YjRcMuquPQaiJvQd_9jyAGNap-xE3DMK3Hx6FfXgCkRF85kCzQHv8zZngsnaFi05hlyRH0Ex8SQQ8NEoxquvw6fCMJ7R8e_jzPSatc5aJUSKxdc5J3-C5VQw/s400/090725-b-cat2.jpg)
Think about those figures for a moment. We were supposed to be in a Stimulus-inspired building boom.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYpm24KZqrmlzNfLFqjMqsgbWd4b9J6J893bPphPiyYQE-wqoeLr6adchZPfdwpyElGzpoNMnTYc3-fyaEcpbRBzrvjdWjT45h7mSMJvjCKpN-44RwIDguCswM6ogyjwCWuQo3NA/s400/090725-b-cat3.jpg)
There were supposed to be "shovel-ready construction projects" and infrastructure remediation projects aplenty.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6HL5g0niFm4KhatlT1IrZ1S6r4bhsEIxHG-2EJLFRz4J5_yW_3F63HJ7uR6JCiJ6KNGvqXL1O-P8ncnPGNPRw9PCBuZ8hIicPTI9VgPtXey_yB0NiHNSg0pPAGLo314Dv7rmv4Q/s400/090725-b-cat4.jpg)
So why isn't Caterpillar swamped with orders?
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTdmOdlxInssJvJu3Sh6vZcrBSDxTEx0pX3U0IgwfPfsi2Nv9gI_S9DrLqT6NmsTaiS69YiGdyS2nImWBsdOAPu7K193H-U-HFDa3m-pmmfAgak9Gfimaq8hVzo-RpqpKT6pVDLQ/s400/090725-b-cat5.jpg)
Because the "Stimulus" was a
sham. As fraught with
waste, fraud and abuse as 'The Big Dig', only a hundred times bigger.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqIsXPkhKgWVa6VcfTA1kbYnESgoIimyMYm5B8VVnmbTZZv3DSr3biWgYQSoeYrUtIzr6uvTDC3hUK1_g4puwoR14q9yZE0tyyNsPqEoFpShb0CSvNacmjK4JNBKXevSuvl3mrDw/s400/090725-b-acorn.jpg)
$8.5 billion is destined for ACORN, a group with
as troubled a history of law-breaking and scandal as one could imagine. A group whose very intent appears to be undermining the rule of law and interfering with American elections.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqwIIl8RFEds9apYFfceH1YDcXQQGuQ9aWLDKubS8SblrRPQ-1lRJPD_V9O4O8iGHeM0p9ylBQzt3-EMbJWst20OY-58mOu4sXvQOaqgG0cgkEBS1XX-wlw0GMVUIepIxbkTyMKw/s400/090725-b-battery.jpg)
Billions to build
battery plants for electric cars that may or may not attract buyers.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAqDeWwedRAupOUetl9bQZ2RzHvGY7l-wf8e7DrbdolznLfBBNL9Q-VYbGAe-yKqFmCiDLYxOUZXd-aQtgu9wGEMgIIamnqUjSePxFviY5sR8BJFGS_6g8r4R7ZRmLuB9Z3NeMDg/s400/090725-b-fatah.jpg)
Hundreds of millions of dollars
gift-wrapped and sent to
Fatah (and possibly
Hamas), as bloodthirsty a bunch of anti-American terrorists that exist anywhere on the planet.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYwF5TUzTAIESF9R99IGaLr_4YtYmy4lSdcy8f4l3qtdAxixY6jfhdKC09SighJeZgfdH683B2C5eV5-9glTTycFf60BS9bidJHdzUjG88ge__lP97WuOlTzLIgqXMuECUoAIeqg/s400/090725-b-colum.jpg)
And as much as $300 million was sent to Columbia's National Police Force in
the form of Sig Sauer sidearms.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0oE7JvINSREdReL77HyMWAIQPW_BqnN6alBE2d_tG_6qiIMdRc0m9-1afHpsy1Usi7sJjkktqNoeu5a0tRTP0J6gYcR6EZNrRRrQofk_FL50ZvV82i-DM9QM79FP7TVe1zh0Sbg/s400/090725-b-gross.jpg)
Bill Gross, the
head of the world's largest manager of bonds -- which also
manages commercial-paper assets for the Federal Reserve -- says that Washington is running a "
Ponzi-style economy".
Now this ridiculous cast of losers, scam artists and dimwits wants to take over 18% of the economy: the entire American health care system?
Will it work as well as the "Stimulus" package?
Consider: they couldn't even get a relatively simple "Stimulus" program of infrastructure projects to work. A
tidal wave of unemployment is swamping the economy and the
unemployment system itself is breaking down.
Letting this crew of government hacks create a
government-run health care system? As Rep. Cathy McMorris Rodgers (R-WA) stated this morning, "It's a prescription for disaster."
That's putting it kindly.
Linked by: Dan Riehl. Thanks!
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