Thursday, August 18, 2011

Why is OBAMA's TRILLION dollar addition to the deficit OK.? If you voted for him, is this what you wanted?

I'm not a liberal but you'd think I was because it's all relative. Consider the Iraq war a moment, 7 years at 10 billion a month = 840 billion dollars. Meanwhile he spent nothing at all on infrastructure. While historical revisionist like Rush may claim that FDR caused the great depression the truth is Hoover a conservative Republican was president for the first three years and did nothing about it and the economy dropped like a lead weight. When Roosevelt invested in the Tennessee valley authority and projects like the CCC camps and National Highways and parks he was as hated as Obama is now. Proportionally speaking FDR spent more when you factor in inflation and other items. Aside from the truths to be gained by our history we have the recent events in Japan where they incrementally went through not one but eight stimuli. The economic truth is the longer we wait the more it cost. The one sure way to become 3rd world compatible is to cut taxes and do nothing else. All economist agree, this does NOT mean that all economist are liberals. However we have lots of evidence that conservative politicians are terrible economist. The tax cuts under Regan were needed but consider that while water is good for you drinking a couple of gallons of it will almost certainly kill you. The problem seems to be simple people want simple answers and it bruises their egos if they're called on it.

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