Once the snowball is ¾ down the hill, you can’t then blame the last ¼ of the hill for the size of the snowball. Let us not forget, the economic decline and title wave of job loss is a direct result of America taking its eye off the ball during the last eight years. A 1.2 Trillion dollar deficit, a war under false pretenses, subprime mortgages and predatory lending, unregulated investment companies and corporate greed. The current Presidential administration was dealt a very bad hand, but has made great strides towards recovery. It took eight years to get into this mess, and it will take some time to get out. Albeit small steps, the recovery process has begun. If we could only get some bi-partisan support, and stop the political posturing for the 2012 elections, we might be able to come together as a country and expedite our recovery. I understand the core principles that forever divide us by party lines, but our current economic crisis, and the solutions for our upturn is bigger than party politics. Pretty soon the American people will grow weary of “Just say No”, and began to demand “Yes We Can”. There are many statistics offered to define the problem, but too often a reticent response for alternative plans and strategies for recuperation. The last ¼ of the hill the snowball will get bigger before it comes to a rest and thaw slowly diminishes its mass, but a thaw is coming. The Recovery Plan is an “Investment in America”, not a onetime give away. There is an expected Return on Investment.
Left of Center
Thursday, April 9, 2009
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Ah, I love the smell of Bush bashing. As long as I have been alive we have had budget deficits. President Obama’s budget doubles this deficit and he wants to spend more. Also the sub-prime mortgage mess was fueled by the government sponsored companies Fannie Mae and Freddie Mac. You can’t originate a sub-prime mortgage unless someone creates a market for them. These institutions where protected by powerful “Democratic Congressmen.” In case you don’t remember the Democrats won congress in 2006 with the Senate nearly tied. What counts as the small amount of predatory loans are insignificant. The real problem was those borrowers with champagne taste and beer income levels. The mortgage industry did what any good business would try to do…please its customers. People wanted the new expensive home in the suburbs rather than a smaller slightly used home in an established neighborhood.
I believe that the dissenters are bashing the President because he hasn’t been able to explain how all this government spending is going to get the economy going again. That is probably because he can’t, this method has failed every time it has been tried. Calvin Coolidge once said that “the business of America is business.” If the President wants the economy to thrive he needs policies that are business friendly and the government should not be propping up companies with failed business models. If the United States becomes a more business friendly place we will attract businesses to our country, which will bring more jobs.
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