January 3rd, 2009
In his weekly radio address, the President-Elect once again is trying to convince Americans that more government spending will somehow “fix” the economy. Obama is subscribing to the liberal theory that throwing money at a problem will somehow make it better, when in reality, government spending is the number one problem.
“President-elect Barack Obama on Saturday said the nation finds itself at one of its "moments of trial" because of the economy and called for Congress to pass a massive public spending bill to create jobs, saying that will pull the country out of the slump.
"We need an American Recovery and Reinvestment Plan that not only creates jobs in the short-term but spurs economic growth and competitiveness in the long-term," Mr. Obama said in his weekly radio address. “
First off, a huge spending bill from Congress will not create jobs. Other sites have been poking holes in this theory over the last couple of weeks and this magical bill that will somehow just instantly create millions of jobs is just bogus. The government bureaucracy alone will ensure that, and just wait until the democrat controlled federal government gets its hands on billions and billions of dollars.
“But Mr. Obama warned his spending program would not be part of "the old Washington habit of throwing money at the problem." The president-elect said there will be "vigorous oversight" of the spending and accountability for the projects.”
Oh yes, I am so confident that the democrats and the federal government will suddenly change and not be irresponsible with money. Anybody want to believe that nonsense?
If you want a real economic recovery, lower taxes, extend the tax cuts, and cut government spending especially in the entitlement areas. This is how you spur growth, not doing the opposite of which Obama plans.
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Obama’s economic plan seams to be right out of FDR’s play book it didn’t work in 1920′s and it won’t work now. I belive that you are seeing our public servants become our masters, and I have lost faith in both politcal parties. In the middle of th supposed worst economic crisis since the great depression would congress would have the arrogance tovote themselves another 19,000 dollars in petty cash spending money. It is also my belief that government caused the housing market to fail, because people like barney frank were helping other people to buy homes who could have never afforded them through the fannie mae and feddie mac programs thus creating bad debt. Th ferdeal govt. Also refuses to resolve the illegal immigration question in a responsible manner. Its prettty pathetic that the governor of california would ask the federal govt. For 39 billion dollars and then state that 11 billion is to offset the cost of illegal aliens, who in calif. Are receiving free college educations. Its sickening to me that in the last 55 or 60 years that the us has gone from the greatest industrial might on the planet to a country of service workers, can you say super size my welfare check please.