Let's don't stop there; look what government control has done to public education; the U.S. is practically a third world nation.
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Gateway Pundit: CBO Predicts Recession Will End in 2009 Without Stimulus
Washington Times - CBO: Obama stimulus harmful over long haul
Proof that government is not the answer.
So why are the Obama and the Dems doing this?
Stupidity or intentionally harming the country ?
G&P
Hello in:
We've NEVER been here before. Having NEVER been here before, NOBODY knows what to do. The opinion of the Washington Times, or the Congressional Budget Office isn't proof of anything.
Because YOU believe them, YOU might think it's proof. It isn't.
I could point to other publications who think Obama is doing the right thing. Given that I believe those publications, I suppose I could say THAT'S proof, and the Republicans are stupid, and that they're intentionally trying to hurt the economy...
I could say that, but I wouldn't. As wrong as I think Republicans are, I don't think they're traitors. I'd NEVER accuse them of purposefully harming the country.
Like I've said to speech lately, this post is more evidence of the divide that separates us.
excon
We have not been here before?
We have been at worse!
The great depression - 25% unemployment
Jimmy Carter
Quote:
Jimmy Carter vs. Inflation - TIME
Inflation and interest rates, both topping 18%, are so far beyond anything that Americans have experienced in peacetime
The Experiment
Quote:
President Jimmy Carter inherited a growing economy but one with relatively high inflation and high unemployment. He left office with the economy in a recession, high unemployment, and a record high inflation and interest rates (the prime rate at one point had reached 21 percent). Mr. Carter's policies were to maintain the very high marginal income tax rates in effect at that time, coupled with a small expansion in the relative size of government.
...
President Obama had promised to restrain spending growth but increase taxes on upper income groups. Yet, the just passed"stimulus" bill represents the biggest single growth in government spending since the Great Depression. If he raises taxes, including just letting the George W. Bush tax rate cuts expire at the end of 2010, his actual economic policies will be like those of the first President Bush, but on steroids. (Note: Presidents Herbert Hoover and Franklin D. Roosevelt both greatly increased taxes and government spending; and as the result, the 1930s was the only decade in American history without economic growth.]
G&P
Nobody knows what to do?
Maybe study and learn from history:
Quote:
IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Taxing The Truth
As history shows, lower taxes, not more government, work best:
Hey Obama's treasury secretary believes in paying no taxes :rolleyes:;):eek:
G&P
Hello again, in:
We didn't START the great depression with 25% unemployment, and we're only just STARTING what we're going through.
Do I think unemployment will get higher than the great depression? I do. I think nations will collapse due to whatever is coming. I think wars will start because of what's coming. I think famines will happen because of what's coming. I think millions and millions of people will die because of what's coming.
No, I don't think we've EVER been here before.
excon
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