The Obama Strategy: Spend Our Way Out Of Debt.

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If you think Obama will save America, you have to believe in miracles.  We are a bit more pragmatic.  Real action has to be taken.  Obama and the Democrats have done nothing but spend money.  Liberals cry about the debt brought about by the GOP and the war, but Obama and the Democratic Congress have committed to spending more in several weeks than government did in the last 8 years including the expense of the war.

During the campaign, McCain called for the SEC Chairman’s head on a platter.  That would be a start.  Obama promised to bring back regulations to help our markets mend.  Not one regulation has been forthcoming and all could have been easily passed into law by now without spending a trillion dollars on a massive so-called stimulus package.  The complacency seems to imply either the total inability of government to act, or worse, an intent to bring down our financial markets.

obama_responsibility

Cartoon by: Henry Payne

The government stimulus philosophy is misguided.  Bail out the criminal institutions, pay down the mortgages of the irresponsible and raise taxes on the middle class to pay for it all, after they watched their savings dissolve trusting the government and the institutions we are bailing out in the first place.

Democrats and Republicans alike made this mess.  It is government’s fault.  Alan Greenspan, Barney Frank and George Bush all are to blame.  In his campaign, Obama made promises to reinstate regulations and to use responsible fiscal policies.  So far, Obama has made no indication he has any clue how to address the problems and has been anything but responsible.  Our markets are continuing to crumble at an astronomical rate and they are demonstrating how inept Washington is when it comes to protecting American citizens.  No action has been taken to stem the tide. None.  If the slogan is “Yes We Can”, we would like to ask, “When Will You Start?”.

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5 Responses to "The Obama Strategy: Spend Our Way Out Of Debt."

  1. Ron   March 9, 2009 at 7:11 am

    More Americans Are Saying No to the National Debt!
    Washington has bailed out the banks, Wall Street & their Washington special interests and much of the cost is added to the national debt to by paid by this and future generations while real estate and investments continue to fall. Find out what a growing repudiate the debt movement could mean for treasuries, stock market, the dollar, gold and mining shares.

    The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts

    Reply
  2. Dose of Clarity   March 9, 2009 at 3:12 pm

    His programs have done nothing but destroy wealth so far. He will not need to distribute the wealth to make us all equal again, the destroying of that wealth will accomplish the same thing resulting in us all being equally poor.

    Reply
  3. BUB   March 27, 2009 at 7:43 pm

    SHUT DOWN THE FEDERAL RESERVE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Reply
  4. Bob   May 18, 2009 at 12:48 am

    You failed to mention the economy was on a downward spiral before Obama took office. You also fail to offer any alternative plan to turn the economy around. Obama’s plan to spend us out of the worst recession since the great depression is sound and will work despite the Republicans doing all they can to stop him, mark my words.

    Reply
  5. PA Minerals   October 18, 2009 at 11:22 pm

    I think if state and local goverments were also spending widly, instead of cutting so many things back, maybe the idea could work. But it seems that this is a case of bi-polar politics – a case where guided appropriation is niether appropriate nor guided. Smells like crap-italism to me.

    Reply

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