spending is one thing, what it's spent ON, is another...
I'm sick of this, "we didn't know how bad the economy was" message from the socialists. They passed Porkulus in the first 30 days, thought massive spending would solve everything, then jumped headlong into the Healthcare disaster. Obama is an incompetent true-believer Marxist. He could care less about economic growth, he seized government control of 20% of our GDP. His administration then went on to regulate commerce and liberty in a way that ensures a stagnant economy.
This Statist must GO!
....When you waste trillions, stealing a few billion is easy.
When the facts aren't going you way, just make something up and print it as news.
why it helps destroy America, why else?
This is ridiculous. First of all, that's a half truth on Bush "approving" those bailouts - Obama also holds culpability with his "Aye" vote in the Senate which helped get it to Bush's desk for signature. And there is more to the stimulus than just the dollar figure - much of that spending was on complete junk - not even what could be called pork. The infrastructure improvements may have had some nominal effect on the economy, but if that was all that was done, the price tage would have been what, $50 billion? The rest was a complete waste - studying ants in Africa, sending jobs to China, Solyndra, etc. The debt it added and the compounding interest has been a net negative for the economy overall not only in the present but will be a continuing drag on the economy for many years to come, as the CBO head has admitted.
spending is one thing, what it's spent ON, is another...This is one of the magazines I don’t read in a doctors office and this article confirms I made the right decision. The warning leaflets on drugs are more interesting and informative.
Alternate title: “What any reporter would write to try to save Obama”.
Rick Newman, standing in a long line of media clowns taking their turns smooching Obamugabe’s arse. Wear that lipstick thick, Rick.
US Snooze....figures.
However, W was a big spender, too. All the DC pols are addicted to deficits. Makes me sad, the world fiat economy requires deficit spending, whether at the governmental level or at my level via credit card spending which I don’t do.
The frugal saver is just screwed in today’s world, Bernake is doing all he can to devalue my savings so Obama’s (and Bush’s) deficits appear to shrink.
To say that our economic condition was worse than it was at any time is ludicrous. The entire economy was in full free fall collapse in 1920. The response from the Harding and Coolidge was the exact opposite. They slashed spending and government, They slashed taxes. The economy quickly roared back to massive growth and massive increases in government revenues.
In 1981 The country was in a much worse recession. Reagan followed the lead of Warren and Calvin and slashed taxes, regulations, and unleashed Americas economic might, once again a massive wave of growth, employment and government revenue occurred.
The constant rewriting of history to distort the facts is despicable.
I think that is true because there is almost no difference between a democrat and a republican politician.
Rats had super majorities in both the house and senate starting in 2007.
When did the recession start? 2007. Who was in the Senate then ? Breakit Obama.
Historic unemployment, unprecedented trillion dollar deficits and no budget. The dims fiscal negligence really has no parallel in the 230 year history of this country. Too argue that any president would have behaved as the kenyan did is farcical.
This is a particularly ignorant attempt.
Cloward Piven.
Collapse the system so it can be replaced with a better one.
Never let a crisis go to waste.
This the driving ideology of the dimrat party since they took over the house and senate. Once they got one of their own in the White House it was a done deal.
We will suffer because of it. Part of the plan.
Never forget who brought us this national nightmare, the dimrat party and their media. May they all rot in hell.
I think Rick Newman is confused. I can’t say for certain what some other hypothetical president may have done but one thing is certain, everything the Obummer administration has done has had negative results for this country and much of the rest of the world and this is deliberate. The puppet masters who pull the strings on this farce of a government know full well what they are doing and what they are doing is intentionally creating a depression to make the thirties look like a Sunday afternoon picnic by a babbling mountain stream.
Presidents don't spend. They don't write or create legislation that makes budgets and spending Bills. They can "propose" such but its Congress that deals with Spending. The Democrat controlled Congress went on a Spending Spree in 2009 1nd 2010. Obama Gleefully signed the bills into law.
Now the MSM is trying to deflect the fact that it was the Democrats who made this current spending mess. (not to be confused with the previous spending mess the Republican controlled congress made and President Bush Gleefully signed into law.)
Why? So they could enrich their cronies..........follow the money.