I listened to another speech given by PE
Obama today .. his comments were the same old story. He again said the situation is far worse than they even thought it was before. Of course it will require the "governement" (his governemnt) to fix it all for us.
It is classic liberal democrat mush ... and the press keeps regurgitating it over and over.
Dear president elect Obama ... here is the announcement you should make.
We are coming out of the largest economic booms in the history of mankind . The last administration and state goverments mis handeled the success and spent the money, plus more. The past administration should have acted more responsible to regulate the FM
's and put closer regulation oversight on the mortgage industry.
In light of this problem our plan is simple. Cut Fed spending by 30% in 2009. Keep the Bush tax cuts in effect until 2011 when we will revisit them with congress. Lower corporate taxes by another 3-5%. Raise the intersets rates back up to 5% to make savings accounts attractive again . We need to stimulate small buisness since they hire 70% of our work force , small buisness tax cuts are the key to our success ..and it will be a focal point of our agenda.
Basically he needs to blame overspending on the Bush administration , his solution should be to cut cut cut. I guarantee if he comes out with this plan the market will be up 2000 points by the end of January. Now that he is in power , he needs to start being more positive ,yes ..alot of the problem is confidence ... he is the one who can lead by being positive . The problem is that he comes from a sector of our society who does not believe this value . He believs that the people of the US are not capable of self sustaining growth , but they need big governemnt to hold their hands.
He will give money to the Unions , and do some "Stimulous" which most of us will not see. Then he will raise taxes on coporations and producers and we will be dust. All of this in order to fortify governemnt as the solution to our problems . The Press has set the table for him , complete with big federal pork chops .
You dig the hole .. I fill the hole . 100% employment !