The national debt went up by 2.9 trillion during Reagan. Obama is going to eclipse that in his first 2 years.
"No choice"? He has plenty of other things to do, most notably nothing, and let the economy get itself in good shape.Only because he has no choice but to try to spend his way out of the terrible economic situation that Bush left him to deal with.
Can you imagine where we'd be if Bush had managed to push through his plan to privatize social security after his re-election in November 2004? I remember him touring the country and pushing that agenda HARD.
Only because he has no choice but to try to spend his way out of the terrible economic situation that Bush left him to deal with.
Can you imagine where we'd be if Bush had managed to push through his plan to privatize social security after his re-election in November 2004? I remember him touring the country and pushing that agenda HARD.
"No choice"? He has plenty of other things to do, most notably nothing, and let the economy get itself in good shape.
Imagine you're 500k in debt, and you lost your job. You go to a financial adviser to ask what to do. "Well, Rocker, what you need to do is take out a 100k bank loan. Have some repairs and improvements made to your house, maybe get a new roof, a pool put in, maybe a new room. Buy a car from a local dealership, and eventually that money will make it back into your life as a job, at which point you can pay off the 600k you owe". Sound stupid? That is what Obama is doing.
We would probably be better off had Bush privatized social security, as that would be hundreds of billions that would be pumped back into the private sector.
The problem is that the banks and auto sector aren't profitable because they make bad decisions or make products people don't want. But they know they can be irresponsible because they get welfare. I don't get the liberal mindset: If you're successful, we're going to tax the hell out of you. If you're unsuccessful, we're going to shower you with money.I disagree. Without bailing out the banks and the auto sector, the entire economy could collapse, and possibly never rebound. This is the beginning of the end of the American Empire.
You think we'd be better off with hundreds of billions pumped back into the private sector? This would be at the expense of retired people, who'd be living out on the streets!
I call B.S.
In fact it's widely known that Clinton was still riding Reagan's economic coattails.
Economy in tatters? What planet are you living on?
"No choice"? He has plenty of other things to do, most notably nothing, and let the economy get itself in good shape.
Imagine you're 500k in debt, and you lost your job. You go to a financial adviser to ask what to do. "Well, Rocker, what you need to do is take out a 100k bank loan. Have some repairs and improvements made to your house, maybe get a new roof, a pool put in, maybe a new room. Buy a car from a local dealership, and eventually that money will make it back into your life as a job, at which point you can pay off the 600k you owe". Sound stupid? That is what Obama is doing.
We would probably be better off had Bush privatized social security, as that would be hundreds of billions that would be pumped back into the private sector.
Imagine you're 500k in debt, and you lost your job. You go to a financial adviser to ask what to do. "Well, Rocker, what you need to do is take out a 100k bank loan. Have some repairs and improvements made to your house, maybe get a new roof, a pool put in, maybe a new room. Buy a car from a local dealership, and eventually that money will make it back into your life as a job, at which point you can pay off the 600k you owe". Sound stupid? That is what Obama is doing.