Posted on 01/08/2009 6:55:53 AM PST by Sub-Driver
Obama: Government is only solution to fixing economy By Klaus Marre Posted: 01/08/09 08:55 AM [ET]
President-elect Obama on Thursday plans to highlight the need for a massive stimulus measure by saying that only the government has the power to jumpstart the ailing economy.
“If nothing is done, this recession could linger for years. The unemployment rate could reach double digits. Our economy could fall $1 trillion short of its full capacity, which translates into more than $12,000 in lost income for a family of four,” Obama will say during an address at George Mason University, according to prepared remarks released by his staff.
“It is true that we cannot depend on government alone to create jobs or long-term growth, but at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe,” he plans to say. “Only government can break the vicious cycles that are crippling our economy – where a lack of spending leads to lost jobs which leads to even less spending; where an inability to lend and borrow stops growth and leads to even less credit.”
Obama is advocating a stimulus package that focuses on infrastructure improvements, investments in alternative energy, education and healthcare, as well as tax cuts for the middle class.
(Excerpt) Read more at thehill.com ...
When does he start blaming the Jews?
The FINAL solution, I’m afraid. ***Sigh***
He’s right- but not in the way he thinks.
The “ecomomy” just might flourish if government announced it was getting out of our pockets and letting the unstable untenable and undeserving- fail
FDR Heavy.
We’re screwed.
Government is the end all, be all.
Yep, sounds like the commie way to think. But why wouldn’t it be different? Grandparents were commies, mother was commie, mentor was commie.
Stupid lemmings voted in a commie.
And if you believe that, I've got a Mexican wristwatch I'd be happy to sell you.
“President-elect Obama on Thursday plans to highlight the need for a massive stimulus measure by saying that only the government has the power to jumpstart the ailing economy.”
He clearly has no clue about how the private sector works in a market economy.
He and his purported “Economic Advisers” are a bunch of a@@-clowns.
....but that’s common sense, something most Democrats (and some Republicans) are lacking.
When in a hole stop digging!!!!
It’s time to get out while we can.
Anyone out there without a gun, ammunition, gold, silver and lots of non-perishable goodies-—there’s no time like the present.
More likely that he understands fully how market economies thrive, but has other objectives he considers more important.
We are totally hosed , the economy will never grow with this commie dictator in the WH.
It’s genius, I tell ya, pure genius. You take redistribution and nationalization and call it “Stimulus”, “Tax-cuts”, and “Bail outs”. As the Red Queen (I think it was - or was it Humpty Dumpty) said, “Words mean exactly what I wish them to mean - no more no less!”.
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