A Simple Question for Barack Obama
By Larry Johnson on March 1, 2009 at 1:56 PM in Current Affairs
Dear Barack,
While you deserve credit for running a tight, tough Presidential campaign that not only was well-funded but well organized, when it comes to economics you don’t know dick.
You correctly noted in your Saturday speech to the nation that you inherited a mess from the Bush Administration:
Mr Obama sought to lay much of the blame for the current recession on his predecessor George W. Bush “Having inherited a trillion-dollar deficit that will take a long time for us to close, we need to focus on what we need to move the economy forward, not on what’s nice to have,” he said.
You are correct, at least in part. Bush played a major role in the out of control Federal budget and deficit spending. But you helped vote for this shit. You, along with the Democrats, who controlled Congress for the last two years. So, the out of control spending and the Bush tax cuts were made possible by you. You and your buddies approved this madness.
And now, your prescription to out of control deficit spending is to double the Federal budget deficit–adding almost a trillion dollars while increasing taxes? And I thought George Bush was a moron.
The economists and policy wonks lining up behind your budget and insisting that more government deficit spending marks the road to recovery are nothing more than political whores. In the same way that the media enabled George W. Bush to launch an unnecessary and costly war in Iraq they are now playing cheerleaders to your nonsensical plan.
If more Federal government spending was the answer then in the wake of the Bush trillion dollar deficit spree we should be approaching zero unemployment and looking for new workers overseas. But, as we witness the unfolding global economic collapse one point is clear–spending money you do not have and cannot afford to payback is a recipe for fiscal disaster.
Barack, if ignorance is bliss you are a damn happy fellow.






















