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Originally Posted by Azure
Nobody has EVER tried fiscal conservatism. And it wasn't what McCain was proposing.
And your recipe for a shorter recession is to spend money on things that have absolutely nothing to do with reviving the economy? Because that is exactly what Obama is doing.
Bailout ACORN, GM, AIG....numerous other companies that need to die and start over from scratch.
Not a recipe for success. Then again, I'm maintained from the beginning that Obama is using the 'recession' to enact his agenda, and spend money like a bunny on crack.
There is a way to spend responsibly even when money needs to be invested into the economy.
Billion here, billion there.....trillion here, trillion there.....and we all know how the government manages its budget. If they can't even control AIG bonus contracts, when they still could, why should anyone expect them to be able to properly look after a budget that is a thousand times bigger?
It is fair to blame Obama for spending money he doesn't have. It is fair to blame him for not implementing a SINGLE policy that would stop future bank problems.
Then again, he has no idea what he's doing......which probably explains why he 'economic team' isn't talking to the public or being open about what they're doing.
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ACORN again? Wow--that's more passe than a giant cell phone.
Anyway, when was the auto-bailout passed? Seems weird to lay that at Obama's feet. We may not be able to compare, but we should at least remember that TARP and the auto bailout were done in 2008,
during the Bush administration. So... no. I don't blame Obama for bailing out GM--because he didn't do it: Bush did.
Laying the AIG bonus thing at his feet is even sillier. The bonuses were paid by AIG (a private company) to its executives in fulifilment of their contracts with AIG--using TARP money that they received from the Bush administration in 2008.
I'm not sure how you can know that his economic team doesn't know what they're doing, but.... opinions are free. However, when Geithner announced the new TARP regulations last week, Wall Street seemed to disagree... Personally, I don't really care about TARP--the stimulus package is the much more important action in my view, and we won't know whether it fails or succeeds for many months.