Thursday, January 08, 2009

We'll Spend Our Way Out of This

President-elect Barack Obama said today that "at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe."

He warned of dire and long-lasting consequences if Congress doesn't pump unprecedented dollars into the national economy.

The almighty one, the anointed one, the king of hope is reading from a broken script.

Since when did Keynesian economics solve any one's problems?

Obama, as would have been McCain, and has been Bush, is so unable to deal with these issues.

I guess people believe the government will solve our problems. Remember Enron, Worldcom, Adelphia and how Sarbanes-Oxley would solve all our corporate financial problems?

The man with hope is now doom and gloom, but holding on to government stimulus programs, pumping currency into the market, and hoping to trump Bush in creating yet bigger government, more bailouts, greater spending and a debt that will never be serviceable.

Yea, there's so much to hope for in this economic half-wit. There's not a Republican to be found to counter his plans with logic and economic reality.

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