A Democratic government that was spending money wildly? When Clinton left office there was a surplus…when Obama took office there was a HUGE deficit.
Bush’s administration (Republican) began the spending for the banks, Paulson submitted a 3 page proposal to Congress to give them $750 billion with unlimited power and no accountability. Remember the initial facts of what happened to begin the debacle. Also remember that this Democratic administration inherited this mess. I’m sure if McCain won, then this debate would be the other way around. Again the money will be paid back, and in fact is being paid back by some of the banks at this time.
The fact that the government is getting larger is just an ideological difference between republicans and democrats. Again if McCain won it would be different, but the country voted for Obama, and ideologically a larger government.
I agree, survival of the fittest is the world I am happy to live in, but you have to understand that if Bank of America, Chase, Smith Barney, etc all went down the financial system would have collapsed, period. And it would have been a lot worse if the government had not stepped in. Just research the Savings & Loan crisis of the 80s and you will see what would have happened if they had all gone down. History tends to repeat itself.
Look taxes may go up in the future for all of us say 5, 10, 15 or so years from now, but the tea party basis was that taxes are going to go up now. I don’t know about you, but since Obama has been in office my paycheck as increased a little bit. That basis was wrong and misinformed and perpetuated by Fox, not all media. If I remember right, I did see other media outlets cover it for the sake of news, but did not take the time and effort that Fox did. I’m just saying Fox reports an alternate world .
Well the BILLIONS that the government is using to pay GM and Chrysler came from China and came from printing enough money to help, but not enough to cause inflation. That’s where the money came from, you can argue all day that taxes are going up, simply not factual. I challenge you to check out any UNBIASED source and see what Obama’s tax plan is.
Look at the policies Obama is trying to create, they are all to stimulate the economy in one way or another. Everyone hates the idea of healthcare system overhaul, but it will (not saying the day after it is implemented) it will save the US money, making everything more efficient including putting patient records into digital databases. And unlike the Bush spending Obama’s spending is constructive its not going to a war in which money comes back in one way or another. It goes to programs to put people back to work, again you won’t see these changes overnight, these things take time.
Oh come on, do you honestly think we are going to become Communist? Really? That really annoys me when I hear things like this. What basis do you make that argument? Compare Communist North Korea to the US. Does Obama want to rule the world? Does the government have any intentions of blocking all media to only broadcast anti-noncommunist propaganda? When Obama has 100% control of the US military and abolishes the three branches of government….then we will talk. Honestly….I can’t believe that comment.
I can’t speak for everyone that went to these rallies, because honestly I really didn’t follow it. BUT it has been proven by independent firms that under Obama’s tax plan only 2% of small business owner (not companies) would see a tax increase. Companies make over $250k all the time, but do the owners?
Ok, so do you believe that the ex-CEO of Washington Mutual who made $20 mil (I believe) for less the two weeks worth of work is fair? That is the trickle down effect that was in place for so many years. The salaries some of these people make is ridiculous, but past administrations believed that if you let them do what they want they would eventually spill some of that wealth and profit down the line. Obviously without regulation that would never happen. We are a greedy nation.
You nor I can say how history will judge this administration. That will be for the decades to come, we can only debate the topics of now and how they will affect the future. And I have said this before and I’ll say it again. If you would have given Obama a clean slate, ie no recession, no bank bailout, no energy crisis, no terrorist threat….odds are he would not have pumped that much money into the economy, nor spent that much. Remember Bush entered his first term with a surplus and ended it with a major mess.