Originally Posted by jimmac
So you admit this current debacle started while Bush was still in office?
What part of what I wrote, all of which you so thoughtfully quoted, don't you understand?
Do you believe the solution to "this current debacle" is more of the same? That is
scary, and exactly the reason there can be no
economic recovery until a complete and utter repudiation of the current administration's policies takes effect.
Certain Democrats fond of their cushy Washington jobs and guaranteed benefits are just now beginning to realize this, lest they be shown the door this November 2. Funny how they're so slow to understand what is so obvious to the rest of us.The short term extension of the top Bush tax cuts is an idea first floated by Senate Banking Committee Chairman Kent Conrad, D-ND, who suggested an 18-24 month time frame, "until we're more solidly out of the recession."
Conservatives must be howling with laughter. If tax cuts
are appropriate to get us "out of the recession", just when are tax increases
I surmise the answer is, "not before an election".
Speaking of morons, none other than Timmy "Clueless" Geitner favors letting 'em expire:"Borrowing to finance tax cuts for the top two percent would be a $700 billion fiscal mistake," Geithner plans to say. "It's not the prescription the economy needs right now, and the country can't afford it."
Let's review, Mr. Clueless: An $867B "stimulus plan"
, $2,000 to $3,000B more for "health care"
, $$billions more for failed banks and pathetically mismanaged car companies. The country can
afford all that... but it can't afford to let successful men and women invest more of their own earnings, and create opportunities for others to share. Right?
Did this idiot pass high school math?
Meanwhile, from the Executive Moron Office: Obama remains confident there will be no "double-dip" recession
. This in spite of unexpectedly high unemployment claims
. Again. How much more "unexpectedly" bad news is one supposed to expect, before it becomes expected? What's the definition of insanity again?
Back to your question, regarding did this all start while Bush was in office. Perfectly reasonable to ask. I have a question for you: What was the total cost of the Bush economic stimulus plan?
Answer: $145 billion. Bush was a piker.
With his throwing hundreds of billlions here, thousands of billions there, Obama and his complicit Congress is irresponsibility writ large.
From their actions, both observed and anticipated, businesses and individuals have grown to expect nothing less from this administration than
Enormous and intrusive government, wild spending, and the largest tax hike in history
This is not an economic recovery plan. It's suicide.