Socialism will bring consequences, too
Posted by Liberty on January 8, 2009
“President-elect Barack Obama warned of dire and long-lasting consequences if Congress doesn’t pump unprecedented dollars into the national economy, making an urgent pitch Thursday for his mammoth spending proposal in his first speech since the election.”
I thought we only had one president at a time…why doesn’t his foreign policy cop-out apply to the economy?
“The president-elect cast blame on ‘an era of profound irresponsibility that stretched from corporate boardrooms to the halls of power in Washington.’ But he added, ‘The very fact that this crisis is largely of our own making means that it is not beyond our ability to solve.'”
Obama went on to call for more alternative energy production, “green” upgrades to federal buildings, electronic medical records, expansion of broadband internet and upgrades to schools and universities. If someone who actually has a clue about economics could explain to me how this ridiculous spending will revive our economy, feel free. Obama spoke the other day about eliminating earmarks and pork spending. From what I’ve seen, his entire “economic recovery” plan is pork.
This entry was posted on January 8, 2009 at 10:42 am and is filed under Liberalism, Obama, Redistribution of wealth, Socialist economics. Tagged: Government spending, Obama, Socialism. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.