If the definition of insanity is doing the same thing again and again, but expecting a different result, then we may need to call a psychiatrist to diagnose the Washington politicians and Federal Reserve chairman who want yet another government “stimulus” package to treat today’s economic problems. The Democratic congressional leadership, led by House Speaker Nancy Pelosi, is pushing another spending package, at the outlandish price of $300 billion. On Monday, Federal Reserve Chairman Ben Bernanke, whose record in handling the economy has been anything but stellar, chimed in with what was described as a “tentative” endorsement of a “narrowly focused” stimulus bill. Bernanke’s definition of “narrow,” however, may not be the same as most people’s.

This newest package would come on top of the stunningly massive $700 billion bailout of financial institutions that he and Treasury Secretary Hank Paulson created. It came on top of the bailouts of AIG, of Fannie Mae and Freddie Mac, of Bear Stearns, and – before all of that largesse – on top of yet another congressional “stimulus” package in February that sure as heck didn’t stave off the crisis. This is stimulus like the power drinks that provide a caffeine explosion, followed by inability to stay awake.