Our Children’s Children’s Debt – Obamulus is DOA – Hence Obamulus 2.0 In Da Works
President Obama is proving with out a doubt that his economic policies are dead on arrival, too bad he doesn’t know when to quit.
L’AQUILA, Italy – The White House says it’s not quite time forindustrialized nations to pull the plug on economic stimulus efforts.
Economic adviser Mike Froman said Wednesday that world leadersgathered at a G-8 summit in Italy will seek a balance between continuing to stimulate sluggish economies and looking for exit strategies.
Froman told reporters there is still uncertainty and risk in the global economy. He also said it’s important to return to fiscal sustainability, which would not include government stimulus efforts.
Some G-8 leaders have urged President Barack Obama to support an end to stimulus efforts soon.
We’re so far in debt right now that we will soon not remember which way is up. Our grandchildren will be paying for the waste, fraud, and abuse that Obama is using to buy votes and repay loyal supporters in the guise of stimulus.
Look folks, it is clear as day that the Obama economic policy has failed. It was dead on arrival. We’ve spent money, as liberals claimed we needed. We’ve bailed companies out, taken over others, and still the bottom is unfound.
Of course the reason that Obama’s economic plan has failed is because of his refusal to embrace the free markets. Over regulation, yes over regulation, got us into this mess. Government played around and tried to control the free markets and economy and the bottom fell out. A boat can only hold so many passengers before she sinks.
Here’s the million, er trillion dollar question now: What if instead of the orgy of spending, Obama cut taxes and allowed the participants in the free markets to keep more money to use as they see fit to survive? Yes, I’m talking tax cuts.
Why were tax cuts not on the table for Obama? Why did he refuse to allow people and businesses to keep more of their income and margins in order to use to their needs?
Needs is the key. Obama has used the economic crisis to employ one of the most radical agendas ever. Cap & Trade, Health Care, Stimulus, Industry takeovers, and expansion of entitlement – all the while funneling billions to his cronies.
You see, Obama hasn’t tried to really save the economy yet. Plans are being made for another stimulus. Yes, Obama thinks more spending will work this time. Obviously! Duh. 8th time is a charm……
We will be lucky if this man fails to pass all of his agenda. i know some people think that guys and gals like me are rooting against America for how we oppose the radical leftist agenda, but considering the fact that Obama and his defenders are the ones harming America, I’ll do the Patriotic thing and oppose Obama and his destructive agenda.
We can’t afford what Obama has already done. The new debt already on the books from Obama’s first 6 months is going to sink our kid’s futures. but his next 6 months could be even worse.
It is critical for the economy that we correctly politicize this. Obama has huge majorities in Congress, in a sense it is a hive. Republicans are obsolete when it comes to passing bills. Hence, we need to hang the Obama agenda around their necks.
Call your member of Congress and demand them to ask tough questions, stand up to the President who is out of control. You know, do the things that Democrats used against Bush. Oh, I know that they are just rubberstamps for Obama, but we need to make sure the general public understands this. They still haven’t figured out the whole partisan thing yet.
I’ll say it again. Let’s quit talking about our grandchildren “paying” this debt. The total debt that is accumulated EXCEEDS the ability of the US economy to EVER repay it. We are rapidly running out of places to even borrow the money and, even if we did, the interest alone would sink the future of all our progeny into perpetuity.