There has been a lot of talk recently about the Federal Government’s deficit. If you just landed on this planet, you would think it was something invented by the Obama administration. What about the size of the deficit that was left to the Obama administration from the Bush administration? Do we just forget about that?
Given that President Obama inherited the present economic mess, I would think it only sporting to give him four downs to move the ball out to midfield. In fact, I suspect that there are some big savings to be had in Federal spending with more transparency in government programs. I would bet that there is a lot of waste that could be slowed or stopped that would eventually reduce our deficit by a sizable amount over the next four years. But, I think the sporting thing to do is give the man a chance to advance the economy.
The talking heads keep up their talk about the deficit, but have no ideas how we are to move our economy out of this recession, that is moving in the direction of a depression, without spending money. The Republicans have now become the party of NO, and I think that is an excellent place for them to be. Perhaps, after the next election in 2010, there will be NO Republicans in Congress, or, so few that it does not mean anything when a vote is taken.
I think we should all just chill and give President Obama and his administration their four years to move the economy out of the recession that he inherited. Again, I know this is not sports, but politics. If it were sports, the sorry ass Republicans in Congress would be getting their collective asses kicked.
Stay tuned.
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3 comments:
Not only has Bush left Obama something to work on, Clinton left something too. Read this from almost 10 years ago. http://www.wsws.org/articles/1999/nov1999/bank-n01.shtml
Butch, you are so right. I knew of these facts before. You are right, in this case it was more than just the Republicans, it was Bill Clinton too. The deregulation of the banking industry brought about a big piece of the disaster we all are suffering with today. Phil Gramm is no where to be seen, his handy work done, and millions of Americans have suffered. Most Americans are too dumb to know when their lives are being ruined by the Republican Party, whose objective is to destroy the safe guards that were put in place during the New Deal to protect the middle class. It will take years to correct the damaging effects of deregulation.
I thought you would like this since you are trying to teach us about the CRA's. However, I will disagree on one matter, Clinton signed this in. Both sides of the isle are reckless with our well being. I'm independent. I, like you are a product of the 60's and I do not trust the man totally even though we have to trust someone. In Micheal Moore's Sicko documentary an Englishman or a Frenchman says the one difference between them and us is that their government is affraid of the people where as here we are affraid of the government, or so it seems. Not so necessarily in the past but seems true today.
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