Friday, March 06, 2009
Obama and the Plummeting Economy
"...It's hard not to see the continued sell-off on Wall Street and the growing fear on Main Street as a product, at least in part, of the realization that our new president's policies are designed to radically re-engineer the market-based U.S. economy, not just mitigate the recession and financial crisis.
The illusion that Barack Obama will lead from the economic center has quickly come to an end. Instead of combining the best policies of past Democratic presidents -- John Kennedy on taxes, Bill Clinton on welfare reform and a balanced budget, for instance -- President Obama is returning to Jimmy Carter's higher taxes and Mr. Clinton's draconian defense drawdown.
Mr. Obama's $3.6 trillion budget blueprint, by his own admission, redefines the role of government in our economy and society. The budget more than doubles the national debt held by the public, adding more to the debt than all previous presidents -- from George Washington to George W. Bush.." (Read the entire article)
And while your at it, there's another great article, by Charles Krauthammer, over at Real Clear Politics entitled Deception at Core of Obama Plans that is definitely worth the click.
I'm truly scared and upset that my kids' kids will be paying for cricket research and beetle sperm long after I'm gone...
And reminiscent of how the hypocrites on the Left screamed about not wanting a President that "learned on the job" and then heralded Obama's breathtaking lack of experience...They writhed and screamed over Bush's spending while now pretending that Obama's will somehow save us...