 dl211 says: In the waning, pre-TARP days of the Bush administration, the national deficit stood at about $500 billion. A panicked Bush and Congress then voted for the $700 billion Troubled Asset Relief Program to "bail out" the banks. Obama signed a $789 billion economic "stimulus" package, and Treasury Secretary Timothy Geithner announced a $2.5 trillion "rescue plan" for the financial system. Even CNBC's Jim Cramer, a former Obama supporter, called the administration's approach the "greatest wealth destruction I've seen by a president." Blame Rush Limbaugh. Obama, as part of his $3.6 billion budget, intends to spend -- strike that -- "invest" on things such as creating "green jobs," combating the effects of "climate change," health care and enabling "homeowners" to remain in their unaffordable homes. How does the President intend to pay for all these things? He wants to tax "the rich" -- those earning $250,000 or more Republicans deserve harsh criticism for failing to rein in non-defense, non-homeland security spending when they controlled the presidency and both houses of Congress. Republicans helped gut the Freedom to Farm Act (designed to wean farmers from subsidies); OK'd pork-riddled energy and highway bills; expanded the federal government's role in education through, among other things, the No Child Left Behind Act; passed -- with the prescription benefits bill for seniors -- the largest expansion of Medicare in decades; and increased government regulation as much as or more than under Democratic administrations. But the Obama administration now puts spending on steroids, and all but three Republi... RNC Chairman Steele needs to focus on the merits of the Republican approach -- lower taxes, less government domestic spending, and fewer regulations. Punishing high achievers by taxing them destroys incentive and thus destroys jobs. Transferring money from one pocket to another destroys the initiative of the giver and the given. Private capital knows best whether, how and when to "invest." The private sector "creates or saves" jobs, not government. When Obama's "new New Deal" fails to achieve the desired objectives, we already know what happens next. Blame Rush Limbaugh, who, by the way, is not just laughing all the way to the bank. At today's bargain-basement prices, he probably owns several. Bottom line is Congress as a whole, are to blame, Republicans when they had control and Dems who have had it for the past two years. Even now the lousy Republicans who themselves accounted for 40% of the recent pork filled billed are no better and all should be voted out first chance. and all should be voted out first chance.I agree but with PORK spending going to BUY VOTES it is getting rather hard to vote these career politicians out of office. I wish we could just fire the whole lot. I would certainly like to push for term limits and CUT THEIR PAY. Course I doubt there would be enough people who are not on the GOVERNMENT dole to actually vote for any of these measures. And the more money Obama throws around the more people who have had their palm greased will be pulling the lever to vote those throwing the money around back into office. We hold these truths to be self-evident, that all men are created |
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