So why can’t our brilliant President Obama?
The president of the European Union slammed President Barack Obama’s plans to have the U.S. spend its way out of recession as “a road to hell,” underscoring European differences with Washington ahead of a crucial summit next week on fixing the world economy.
Czech Prime Minister Mirek Topolanek, whose country currently holds the rotating EU presidency, told the European Parliament on Wednesday that Obama’s massive stimulus package and banking bailout “will undermine the liquidity of the global financial market.”Article
Make no mistake. Our government is all out making a massive turn to Socialism. I don’t believe Obama cares about re-election. He cares about being the Father of the New Socialist US. The President is quoted as saying:
Here’s what I do know: If we don’t tackle energy, if we don’t improve our education system, if we don’t drive down the costs of health care, if we’re not making serious investments in science and technology and our infrastructure, then we won’t grow 2.6 percent; we won’t grow 2.2 percent. We won’t grow.
Really? If we pass this budget, we are looking at a deficit of $9,300,000,000,000 according to the CBO ($7 trillion according to Obama) How about instead of making these enormous socialist programs, we cut taxes and give that back to individuals?
Here’s a proposal. What if we totaled up the price Obama wants to spend on health care, infrastructure, education, science and technology, etc. and didn’t spend it but rather gave it back to the people in the form of tax cuts. Does anyone, Republican or Democrat, think that more money in the hands of each and every American citizen would lead to zero growth? I don’t think so. Article
The question we need to be asking ourselves is this:
When this recession ends (whether with or without the President’s Socialist intervention), what will our country look like?