Obama tries to boost nation

The Washington Times ^ | Saturday, March 7, 2009 | Stephen Dinan

[rockrr]

"Mr. Obama also bragged about what he said were the brakes he's applying to spending, saying that within 10 years non-defense discretionary spending will be a smaller part of the economy than any time in nearly half a century."

Perfect, he's going to destroy our economy and aour ability to defend ourselves simultaneously. Way to go O'bummer!

[KTM rider]

"Mr. Obama also bragged about what he said were the brakes he's applying to spending, saying that within 10 years non-defense discretionary spending will be a smaller part of the economy than any time in nearly half a century."

he must mean discretionary spending by you and me,(cause we'll be tax poor) not government

[luvie]

I have my conservative response to you Mr Zero!

PPPHHHLLLBBBTTT!

[heatherlund]

SOCIALISM IS WHAT WILL GIVE OBAMA THE BOOT IN 2012!
ONLY SOCIALIALT AND LAZY LEFTIES LIKE THE MAN. KEEP IT UP, NOBAMA...THE NATION IS WATCHING YOU AND YOUR BIG GOVERNEMENT LIES. YOU WILL FAIL US ALL AND WILL BE UNSEATED IN 2012.

[NoRedTape]

Math made easy. ZERO SUPPORT + ZERO RESPECT=ZERO CHANGE.

[behzinlea]

He has no credibility with the producer-investor class on economic matters. And he hates people who are prudent with their money and prosperous—he wants to punish them with extraordinarily high personal income and capital gains taxes. The only idiots who buy the crap he’s selling are the non-taxpayers that he encourages at every opportunity to despise and shake down the producer-investor class.

[Chances Are]

So... if two years from now there are only 3.6 million people still employed in America, he can claim success?

Using his criterion, yes!

And furthermore, all 3.6 mil will be employed by....the government!!! Surprise! Surprise!!!

CA....

[ElayneJ]

Thanks for the explanation!
I understand the thinking behind this, but of course there are those pesky unintended consequences. :)
So it sounds like as housing prices rose during this time, 50% (50%!!) of loans were still allocated to “low income” individuals. I’m guessing income didn’t rise at the same rate as housing, so the number of people in that low income bracket were buying homes that were increasinging out of their price range. Right?

[Piquaboy]

He is going to boost it right into socialism.

[American in Israel]

Indeed, Obama is trying to boost the Nation like my Palesinian neighbors try to boost my car.

[Lexinom]

One anecdote that comes to mind is a $500,000 mortgage loaned by Washington Mutual. What did this couple do? Was one of them a doctor? A business owner? Nope. Both of them worked at McDonalds. A sad, sad case of extremely poor judgement by both borrower and lender, but the lender’s hands may have been tied because of CRA restrictions.