ETWolverine
Apr 30, 2009, 09:51 AM
"Number one, we inherited a $1.3 trillion deficit.... That wasn't me. Number two, there is almost uniform consensus among economists that in the middle of the biggest crisis, financial crisis, since the Great Depression, we had to take extraordinary steps. So you've got a lot of Republican economists who agree that we had to do a stimulus package and we had to do something about the banks. Those are one-time charges, and they're big, and they'll make our deficits go up over the next two years."
---Barack Obama, 4/29/09
Obama continues to blame the current financial crisis on the Bush administration, despite completing his first 100 days in office.
And here I thought that after 100 days we were supposed to be able to judge Obama on his own merits.
Well, never mind that. We can discuss that little factoid at some other point.
My point is that Barack Obama is not quite as guiltless in the creation of this financial crisis as he would like us to believe.
Over the two-year period BEFORE Obama took office, Congress was under Democrat control. And Obama was a member of that Senate. He and his Democrat cronies voted on that Deficit budget and passed it. Last I heard, Congress, not the President, controls the purse strings in our government. Barack not only supported Bush's bailout package, he wanted it to be larger. So he is directly responsible for his vote on the deficit spending he "inherited".
Also, for all that he claims to have voted against the war in Iraq, except in one case, he voted FOR Iraq war spending. Again, he is directly responsible for that spending.
And keep in mind that his solution to this deficit is to increase the deficit fourfold with his various spending bills, in the name of "one time spending" designed to stimulate the economy. Of course much of it isn't one-time spending. Does anyone truly believe that S-CHIP will decrease its spending next year? Or his education spending? Or health care? Or any of the other programs he increased funding for?
Obama didn't "inherit" the problem. He had a large hand in CREATING the problem, and he is merely making the problem BIGGER as time goes on.
The "Blame Bush" strategy can only work for so long. At some point the responsibility for what happens next fall on HIS shoulders, not Bush's. Time's a-runnin' out for Obama's current stratagy.
Elliot
---Barack Obama, 4/29/09
Obama continues to blame the current financial crisis on the Bush administration, despite completing his first 100 days in office.
And here I thought that after 100 days we were supposed to be able to judge Obama on his own merits.
Well, never mind that. We can discuss that little factoid at some other point.
My point is that Barack Obama is not quite as guiltless in the creation of this financial crisis as he would like us to believe.
Over the two-year period BEFORE Obama took office, Congress was under Democrat control. And Obama was a member of that Senate. He and his Democrat cronies voted on that Deficit budget and passed it. Last I heard, Congress, not the President, controls the purse strings in our government. Barack not only supported Bush's bailout package, he wanted it to be larger. So he is directly responsible for his vote on the deficit spending he "inherited".
Also, for all that he claims to have voted against the war in Iraq, except in one case, he voted FOR Iraq war spending. Again, he is directly responsible for that spending.
And keep in mind that his solution to this deficit is to increase the deficit fourfold with his various spending bills, in the name of "one time spending" designed to stimulate the economy. Of course much of it isn't one-time spending. Does anyone truly believe that S-CHIP will decrease its spending next year? Or his education spending? Or health care? Or any of the other programs he increased funding for?
Obama didn't "inherit" the problem. He had a large hand in CREATING the problem, and he is merely making the problem BIGGER as time goes on.
The "Blame Bush" strategy can only work for so long. At some point the responsibility for what happens next fall on HIS shoulders, not Bush's. Time's a-runnin' out for Obama's current stratagy.
Elliot