Don’t think Obama is an economic idiot? Well, how about this:
NEW YORK (CNNMoney.com) — On the first day of what is to be a two-week economic tour around the country, Barack Obama said Monday that lawmakers should inject another $50 billion immediately into the sluggish U.S. economy.
The presumptive Democratic presidential nominee cited the largest monthly increase in the unemployment rate in over 20 years, and record highs in oil prices, food prices and foreclosures.
“Such relief can’t wait until the next president takes office. … That’s why I’ve called for another round of fiscal stimulus, an immediate $50 billion to help those who’ve been hit hardest by this economic downturn,” Obama told a crowd in Raleigh, N.C.
He said that he supports the expansion and extension of unemployment benefits, as well as a second round of tax rebate checks.
If 50 billion helps, why stop there? Why not crank up the Fed’s printing press and give everyone a million dollars? Then we’d never have to worry about the economy again, right?
Of course not. Every crank of the press devalues the dollar a bit more and will result in higher prices down the line. Obama is either a total idiot, a liar or both. Probably both. After all, he is a politician.
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#1 by Libertarian on June 9th, 2008
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The biggest problem with the Democrats is that they refuse to recognize that people can get themselves into financial distress fairly easily. They buy into loans that they shouldn’t, and then scream loudly for relief when the interest rate re-sets. That’s my biggest problem with the Democrats: they refuse to hold people responsible for their actions. It’s always somebody else’s fault, and that person or entity must be sued by greedy trial lawyers so the government can set things right.
#2 by Deb on June 16th, 2008
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Thank you, libertarians.
It is about time that someone says that YOU are responsible for yourself. The government can’t get everyone out of trouble. People need to take responsibility for themselves. NOT THE GOVERNMENT.
this is why I am voting for John Mccain. OBama is living a dream and has no idea of how things work. He will bail out who he wants too and that is why they vote for him. Obama has NO CLUE of how America works. Although we are not perfect, why does everyone come here. I am by no means a prejudgiced person, but Michelle Obama is. Can anyone imagine her as first lady???? She is a low-life, anti-american, who disgraces this country. Shame on both of them. She and he should be ashamed of the pastor they listened to for 20 years. All anti-white and anti-american. Why can’t people see through this. I can’t believe that this obama supports don’t see this. If elected he will be Jimmy Carters, second term. GOD help us all.