One thing Obama could do is stop trying to spend our way out of the recession.
You'd think that for a guy as bright as Barrack Obama likes to portray himself as being he'd know this. Spending yourself out of an economic downturn is but failure writ large.
The US tried it back in the Great Depression and FDR's policies had all about crapped out by the late 30's. Things were looking pretty bleak for the US economy about then and it was only the advent of WWII that stopped us from entering another multi-year recession / depression.
The Japanese tried spending themselves out of their economic downturn in the early 90's. Even to this day they're still trying to dig themselves out of the ensuing mess and economic disaster.
According to the non-partisan OMB last Fall, the US economy was largely on track to recover in late '09 and early 10. This was before Obama, Pelosi and Reid decided to break the bank and lay their hands on it all. Now? Numbers released today show the recession as _deepening_ and getting _worse_ over the next _several_ years.
That, folks, is change we can believe in!
Yes, we can!
Thank you Barry Obama!
And that's the central motivation for the Tea Party protests.
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Date: 2009-04-16 10:39 pm (UTC)One thing Obama could do is stop trying to spend our way out of the recession.
You'd think that for a guy as bright as Barrack Obama likes to portray himself as being he'd know this. Spending yourself out of an economic downturn is but failure writ large.
The US tried it back in the Great Depression and FDR's policies had all about crapped out by the late 30's. Things were looking pretty bleak for the US economy about then and it was only the advent of WWII that stopped us from entering another multi-year recession / depression.
The Japanese tried spending themselves out of their economic downturn in the early 90's. Even to this day they're still trying to dig themselves out of the ensuing mess and economic disaster.
According to the non-partisan OMB last Fall, the US economy was largely on track to recover in late '09 and early 10. This was before Obama, Pelosi and Reid decided to break the bank and lay their hands on it all. Now? Numbers released today show the recession as _deepening_ and getting _worse_ over the next _several_ years.
That, folks, is change we can believe in!
Yes, we can!
Thank you Barry Obama!
And that's the central motivation for the Tea Party protests.
Madoc