jump to navigation

The Politics of Fear, Part 2 February 5, 2009

Posted by neoavatara in Economy, Politics.
Tags: , , , , , ,
trackback

Obama

http://www.cnn.com/2009/POLITICS/02/05/stimulus/index.html

President Barack Obama warned on Thursday that failure to act on an economic recovery package could plunge the nation into a long-lasting recession that might prove irreversible…basically, ‘do this, or we all plummet to our horrible deaths.’

In an Opinion piece in the Washington Post, President Obama throws some very scary propositions:

Because each day we wait to begin the work of turning our economy around, more people lose their jobs, their savings and their homes. And if nothing is done, this recession might linger for years. Our economy will lose 5 million more jobs. Unemployment will approach double digits. Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse.

Um, where is the proof for that?  Frankly, there is no such proof.  Actually, there is plenty of historical evidence that this kind of government incursion into the market actually may cause the lengthening of the recession.  My posts on this can be seen here, and here.

Additionally, Mr. Obama argues that the only proposal Republicans are giving is to reduce taxes.  That is a falsehood; and that is putting it mildly.  Both my proposal, and Sen. Mel Martinez’s proposal, do no such thing.  So that is a canard.  Then the President goes a little farther, and states that the voters rejected such ideas.  That is not the case; Obama won based on the politics of change.  Well, the stimulus bill is exactly the kind of bill that would have been passed on Bill Clinton or Jimmy Carter.  There is little ‘change’ to be seen; and so far, the public’s anger is showing their reaction to the lack of change.

If Mr. Obama is really concerned about catastrophic results if the stimulus plan is not passed, get rid of the pork.  Get rid of all spending that doesn’t create immediate jobs.  Things like the contraception spending, ACORN funding, etc. can wait until the budget is passed.  Pass less tax cuts, if that is what it takes; Republicans will compromise if the overall size of the bill is smaller as well.  Get lower income tax cuts, business tax cuts, welfare and unemployment benefit extensions, and job creation, and get rid of all the wasteful spending.  Just to show the problem Mr. Obama has:  Democrats have added more than $100 Billion to the stimulus since it passed the House!!! Republicans can get behind a smaller bill; the question is not whether Republicans will follow, but whether liberals in his own party will defect or not.

Harry Reid, praying for a brain.

Harry Reid, praying for a brain.

Advertisements

Comments»

1. Mike Bonner - February 7, 2009

Reid is praying to the embroidered pillowcase his mom hung in his house in Searchlight NV.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: