Obama: We are spending our way out of economic crisis

Posted: December 9, 2009 in News, Politics
Tags: , ,

Trying to regain economic stability for this country for the last year has been this government’s goal.  Speaking today President Obama urged tax cuts, infrastructure projects, and allowing small business loans so companies can go back to hire people.

This will force the government to borrow money from the Federal Reserve – money to be created out of thin air – payed back by the tax payers.  It will further debase our currency and lower the dollar’s value – ultimately causing another bubble.  Obama said:

The fear among economists across the political spectrum was that we were rapidly plummeting towards a second Great Depression.

I don’t know if Obama realizes this or not, but the unemployment rate is not tern percent, but more like seventeen percent.

Obama discussed the “difficult steps” to be taken to get America back on track and took a jab at the Republican party while he had time.

We were forced to take those steps largely without the help of an opposition party which, unfortunately, after having presided over the decision-making that led to the crisis, decided to hand it over to others to solve.

Whoa!  Let’s take a couple of steps back.  Obama is an actor, and a great one.  But the thing that Obama is failing to mention is that the spending habits of the government never changes regardless of who is in the White House.  All of the blame cannot be laid at the feet of the Bush administration.

Change we can believe in!  President Obama has offered little in the way of changes – if not that, then none.  He’s expanding the war in Afghanistan, troops are still in Iraq, he wants to give the Fed more authority, and government is ballooning.  I think it is right when Ron Paul said that Obama is the Bush administration on steriods.

After commentting that the U.S. is in a different position now and that unemployment is at ten percent Obama admitted, “there still more work to be done.”

Using the Troubled Asset Relief Program (TARP), Obama plans to create more jobs by building bridges, roads, among other things.  Thats great!  But for how long is it and at what price?  There’s only one person whose going to have to pay this back – the American taxpayers.

There has rarely been a less loved or more necessary emergency program than TARP, which — as galling as the assistance to banks may have been — indisputably helped prevent a collapse of the entire financial system.

And once again, Republicans were at fault for all the economic crisis:

Launched hastily under the last administration, the TARP program was flawed, and we have worked hard to correct those flaws and manage it properly.

I’m sorry, but didn’t he vote for the plan.  In fact, wasn’t he and President Bush on board to do the same thing.  If Obama had reservations then he should have brought them up.

Here is Obama’s domestic agenda: better educated work force, cleaner energy, and fairly regulated markets (by the Federal Reserve).  He also mentions an improved health care system.  Improved?  All this health care system can promise is higher medicine, less competition, and one step closer to tyranny.

Even as we have had to spend our way out of this recession in the near term, we have begun to make the hard choices necessary to get our country on a more stable fiscal footing in the long run.

Wait a second – the Republicans were blamed for the meltdown of the economy by spending too much – now Obama advocates spending more to solve the economic woes?

These budget busting tax cuts and spending programs were approved by many of the same people who are now waxing political about fiscal responsibility while opposing our efforts to reduce deficits by getting health care costs under control. It’s a sight to see.

Granted the Republicans did an about-face when Obama took office, but Democrats do the same thing.  As for health care costs – they’re not going to come under control but go higher.  The only thing that a program promises where the government has to borrow money just to fund it is higher prices.  Need I mention that every American will be required to buy insurance regardless if they can afford it or not?  What of those who refuse to buy will be prosecuted or jaile – yeah, land of the free!

President Obama promises alot of change but not in the way that the American people understood.  While the Republicans want to run the Warfare state, the Democrats want to run the Wellfare state.  Either way we get bigger government.

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