Are you sick of people who have no clue what they are doing when it comes to the economy? If you are one of the millions that cannot stand to look at, nor listen to The One, you can go here for the transcript of yet another empty speech. I am forced to read this garbage as I cannot even look or listen to this idiot-child.
According the The One, we need Government to fix what ails us. A few people are against the idea of going even farther into the RED than we are already now. As one of millions of Americans that follows a “staying in the black” fiscal policy for my household, I am thinking that another 1.2 TRILLION of “magic money” is really not going to help our dollar, our lives, our children’s lives, our grandchildren’s lives, etc. on into infinity.
President-elect Barack Obama today warned of double digit unemployment and a “generation” of lost earnings if his upcoming economic stimulus plan is not enacted quickly by Congress. In a speech today at George Mason University in Fairfax, Obama warned that failure to pass the plan — expected to cost as much as $800 billion — means that “a bad situation could become dramatically worse.”
“For every day we wait or point fingers or drag our feet, more Americans will lose their jobs. More families will lose their savings. More dreams will be deferred and denied,” Obama said. “And our nation will sink deeper into a crisis that, at some point, we may not be able to reverse.”
Just gotta love those fear tactics….remember Hank Paulson back in September talking to the White House and the Congress and telling them that the sky was going to fall in and stunning congressional leaders into silence?
The speech today marks the start of the formal campaign to move through Congress a stimulus package that Obama today portrayed in broad strokes as an effort to “retrofit America” — rebuilding infrastructure while also investing in alternative energy, modernizing schools and extending broadband Internet service to rural areas.
What about “Drill Here, Drill Now”? Does anybody really think that OPEC is going to let the price of oil stay around $40 a barrel for very long?
In his speech, Obama blamed the current situation on “profound irresponsibility” — from money centers like Wall Street to power centers like Washington — and confronted the critics of his plan directly. He acknowledged both the staggering cost of his proposals and the enormous debt it will impose on future generations. To assuage those concerns, Obama pledges “an unprecedented effort to eliminate unwise and unnecessary spending.”
Why not put the blame where it belongs? The Democrats and the Community Reinvestment Act?
He conceded what skeptics have already said: that the government has already spent a lot of money to turn around the economy with little apparent result.
For those of you that haven’t been following exactly how much cash; $7 TRILLION, not $350 Billion. Don’t believe me? Do the research….starting with Bear Stearns, Lehman Bros., Goldman Sachs, Wachovia, WaMu…
“We haven’t yet seen that translate into more jobs or higher incomes or renewed confidence in our economy,” he said.
But, he added, “that’s why the American Recovery and Reinvestment Plan won’t just throw money at our problems — we’ll invest in what works. The true test of policies we’ll pursue won’t be whether they’re Democratic or Republican ideas . . . but whether they create jobs, grow our economy, and put the American Dream within reach of the American people.”
What American Dream? Owning your own home? Oh, that’s gone bye-bye for at least the next 4 generations. Think we are $6, $7, $8 Trillion in debt? Try $14 Trillion with an additional $1 Trillion every 15 months; then add everything that Paulson, Bambi, and the Dems want to add to that.
Obama did not unveil the plan itself today. In comments this week, he said that his staff and members of Congress were continuing to work out the final size of the proposal and its details.
No details today…working out the “final size”. If that does not frighten you, then the next paragraph should.
House Speaker Nancy Pelosi (D-Calif.) told reporters today that House committees will consider the bill the week of Jan. 19 and she plans to hold a House vote during the last week of January. She said that she has instructed the House leadership team to “think differently” because Democrats now have a larger majority in Congress and control the White House.
“Now we have arrived. We have a big, strong, 80-vote majority,” she said, explaining it’s more important than ever to get things right rather than just passing them quickly.
Nancy having a “big, strong, 80-vote majority” is personally scaring the BEJESUS out of me and making me rethink my position about expatriating.
Now, here is a simple video that explains what the heck is wrong and what to do in simple, plain, english with no double-speak or lack of details, and I do not want to hear any tinfoil hat comments about Ron Paul. Do not shoot the messenger!
Government needs to GET OUT OF THE WAY of the Private Sector, and not condemn us and our children to poverty and higher taxes for decades to come…