Posted on 02/14/2009 10:53:05 PM PST by 2ndDivisionVet
America is heading down the road to socialism - and ruin. Numerous proposals have been enacted to reverse the economic downturn. First, in the spring of 2008 came the $180 billion stimulus program. Then, the 2008 summer $345 billion housing bailout. This was followed by the 2008 fall $700 billion bailout of Wall Street.
Now, the House and Senate have passed a nearly $800 billion stimulus package. Hence, more than $2 trillion will have been spent in a futile attempt to revive the economy.
We are imposing upon our children and grandchildren the burdensome costs of our addiction to big government. And this doesn't even take into account Treasury Secretary Timothy Geithner's plan for the taxpayer to absorb another $2 trillion to $4 trillion in debt to clean up the financial system. In other words, America is being buried under a mountain of debt - a debt that will trigger soaring inflation, crushing taxes and high interest rates. This is a recipe for economic disaster.
President Obama is playing Franklin D. Roosevelt to George W. Bush's Herbert Hoover. In the 1930s, it was FDR who expanded his New Deal liberalism from the activist policies of Hoover. Mr. Obama is building upon the massive budget deficits and reckless government spending of the Bush administration. Unlike Mr. Bush, however, Mr. Obama is shrewdly erecting an enduring majority electoral coalition - just as FDR did.
The stimulus plan has something for every important Democratic special interest group - labor, the teachers unions, big-city bosses, environmentalists, Hispanics, and African-Americans. Key constituencies will benefit from school construction, infrastructure projects, public works, retooling federal buildings with green technologies, expanding Medicaid and unemployment insurance, and more money for strapped states and localities.
(Excerpt) Read more at washingtontimes.com ...
Right on the money! Thanks for the post.
What’s the 345 billion dollar housing bailout? Who got bailed out there? Fannie and Freddie? Housing bailout?
So true. Argentina was blighted by Peron’s “industrialism,” and remains backward despite all its wonderful natural resources and potential. Peron owned the laboring masses. Always thought that couldn’t happen here, people are too sophisticated...but after enough years of public indoctrination, they are ready to be led back to the jungle.
And no mistake, that’s where this is heading.
bookmark
The stupidest metaphor (or whatever) is this business about “borrowing from our children and grandchildren.”
“Stimulus” spending, running up debt, “monetizing” debt (otherwise known as counterfeiting), all are destructive. We are headed for disaster.
But the nature of the disaster is hyperinflation, exorbitant taxes, poverty—all of which WILL make life miserable for “our children and grandchildren.”
But “borrowing” from them is impossible—and it does not properly or usefully describe what is being done.
These people must have been reading my posts from the last couple of years. I could have written all this stuff. Oh wait, I did.
BTW: My godfather was Peron’s private secretary while he was in power.
Please tell us more about that. Is this article factual, in your opinion?
This is the very best educational article I have read as yet. A perfect description of what is happening at a lightning pace right before our eyes.
My worry is that it will go unchecked, that good men will do nothing as we watch this republic fall to ruin.
Obama is a foreigner that seeks to destroy America. He has no appreciation for what made America a great nation.
BTT!
If this is to be reversed we need to start taking back the cities. Conservatives need an urban strategy. The cities is where the elites reside and where the power lies.
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