Obama's pork filled stimulus plan is going to drag the depression on longer than necessary, and lead to inflation. Yes, the 80's is going to be knocking again.
The very plan that is supposed to stimulate the economy is actually going to extend the depression. Historically, these spending programs have always failed, doing nothing to help the economy. In fact, this plan rolls out over the next several years and really hasn't really started -- even though now is when it was supposed to be needed most.
Countries, like China, have been borrowing money to the U.S. to continue this influx, but they are worried. The U.S. has resorted to printing more and more money, threatening to cause a total collapse of its currency. When the stimulus money begins to take hold the recession may be easing, resulting in consumer/business spending and investment. Add this spending to the governments spending and we have the return of "stagflation."
The return of inflation will lead to another round of housing foreclosures caused by the corresponding rise in inflation rates. We will go from low interest rates and excessive spending to a period of higher interest rates and curbed spending. Doesn't make sense, does it?
This country should have balanced its budget and let the once "free market" naturally rebound. There should have been an orderly transfer of good mortgages to solid, ethical banking institutions, and bankruptcies for the toxic ones. There is no place for toxic mortgages that drag down the housing market with them. Throwing more and more money at the toxic ones only prolongs the problem.
Should we continue to subsidize long-term losing ventures, like the car industry, ethanol, and corrupt financial institutions? I don't think so. The government should only have been involved to keep the orderly transition of assets to other, more capable institutions. The truth is, bankruptcy courts already do a lot of this and didn't require intervention.
Why would Obama be so anxious to pass such an outrageously high stimulus bill filled with more pork than imaginable? There are a couple of reasons that immediately come to mind. One is that he wanted to take advantage of the Democratic majority and his ability to further his agenda. Second, Obama is a die-hard believer of ACORN's mission. Their idea of change comes from infiltrating, through incremental steps, organizations and imploding them from within. This seems to be happening by causing the economy to become totally dependent on government. The aim is to grow the lower and middle classes, while passing the financial burden onto the richest sector of the U.S. This of course, can only fail, because the top echelon of the rich in this country can curb their spending and will to deal with their expected tax increase and the system will fail.
Why this country elected Obama, along with his "socialist agenda" that follows ACORN's, is surprising, even unbelievable. The level of voting fraud due to ACORN is disturbing, and who knows, may even have contributed to Obama's win. Obama's ties to William Ayers and Reverend Wright, are also disturbing. What was the American people thinking? They voted for Obama, while running down Sarah Palin (a Vice President nominee) for lack of experience. Mrs. Palin had more experience, and far more Christian values, than Mr. Obama.
We are now a country leaning towards:
The very plan that is supposed to stimulate the economy is actually going to extend the depression. Historically, these spending programs have always failed, doing nothing to help the economy. In fact, this plan rolls out over the next several years and really hasn't really started -- even though now is when it was supposed to be needed most.
Countries, like China, have been borrowing money to the U.S. to continue this influx, but they are worried. The U.S. has resorted to printing more and more money, threatening to cause a total collapse of its currency. When the stimulus money begins to take hold the recession may be easing, resulting in consumer/business spending and investment. Add this spending to the governments spending and we have the return of "stagflation."
The return of inflation will lead to another round of housing foreclosures caused by the corresponding rise in inflation rates. We will go from low interest rates and excessive spending to a period of higher interest rates and curbed spending. Doesn't make sense, does it?
This country should have balanced its budget and let the once "free market" naturally rebound. There should have been an orderly transfer of good mortgages to solid, ethical banking institutions, and bankruptcies for the toxic ones. There is no place for toxic mortgages that drag down the housing market with them. Throwing more and more money at the toxic ones only prolongs the problem.
Should we continue to subsidize long-term losing ventures, like the car industry, ethanol, and corrupt financial institutions? I don't think so. The government should only have been involved to keep the orderly transition of assets to other, more capable institutions. The truth is, bankruptcy courts already do a lot of this and didn't require intervention.
Why would Obama be so anxious to pass such an outrageously high stimulus bill filled with more pork than imaginable? There are a couple of reasons that immediately come to mind. One is that he wanted to take advantage of the Democratic majority and his ability to further his agenda. Second, Obama is a die-hard believer of ACORN's mission. Their idea of change comes from infiltrating, through incremental steps, organizations and imploding them from within. This seems to be happening by causing the economy to become totally dependent on government. The aim is to grow the lower and middle classes, while passing the financial burden onto the richest sector of the U.S. This of course, can only fail, because the top echelon of the rich in this country can curb their spending and will to deal with their expected tax increase and the system will fail.
Why this country elected Obama, along with his "socialist agenda" that follows ACORN's, is surprising, even unbelievable. The level of voting fraud due to ACORN is disturbing, and who knows, may even have contributed to Obama's win. Obama's ties to William Ayers and Reverend Wright, are also disturbing. What was the American people thinking? They voted for Obama, while running down Sarah Palin (a Vice President nominee) for lack of experience. Mrs. Palin had more experience, and far more Christian values, than Mr. Obama.
We are now a country leaning towards:
- Expanded gay rights
- Expanded abortion rights
- Increased tolerance for dangerous rogue nations
- Weakened defense program
- Decimated economic programs and greater dependence on other nations
- Supporting Hamas, a known terrorist group
- Waivering support for our staunch ally, Israel
- Becoming an increasing dependent welfare state
- Greater government reach and less personal rights
- Gun rights battle
This country is in a fight for its very existence -- militarily, morally, and economically. U.S. citizens can lay back and fall into its unenviable position as a socialist democracy, like France, or try to return to its roots -- a free market economy run by average, every day citizens, whose personal rights and freedoms are protected. The time is here and the choice is yours for just a little more time...
Federal Deficit to Hit $1.58 Trillion This Year
ReplyDeleteNew deficit numbers are record shattering and a tremendous obstacle for an administration trying to undertake massive policy overhauls in health care and the environment.
Read the report at http://www.foxnews.com/politics/2009/08/20/federal-deficit-hit-trillion-year/
Tell President Obama to Cut Off ACORN Now! Sign the petition at http://www.ipetitions.com/petition/stopfundingACORN/ -- stop their socialist agenda now before it gets rooted any deeper.
ReplyDeleteBank Pulls Back from ACORN Work - link to article below
ReplyDeletehttp://online.wsj.com/article/SB125409478511144963.html#mod=article-outset-box