president_obama.jpgSo far I like President Barack Obama and I have a lot of hope for his administration. Are we expecting too much from the Government? Are we counting on miracles from President Obama? I like this quote from Dave Ramsey about President Obama, “He’s your president, not your savior“.

By criticizing the plan I might look anti-energy, anti-education, anti-health care and anti-jobs but I assure you I am not. I’m just not sure we need to keep the knee-jerk actions of throwing good money at a bad problem. Honestly, if we do get the 3 million new jobs over the next few years like Obama says, what’s the cost? Three million jobs for close to a trillion dollars? Is anyone doing the math here?

2008 Stimulus Plan: Early last year congress passed a $152 billion stimulus plan to jolt our sluggish economy. This economic-growth package, the 2008 Tax Rebates and Economic Stimulus Plan, gave 130 million U.S. families and individuals tax rebate checks from the Internal Revenue Service. The result: Almost nothing!

Banking Industry Bailout: Then we see Congress and President George W. Bush hand out $700 billion for a banking industry bailout. The Result: Bank abuse in the Billions including lavish parties and huge bonuses to top executives.

Now we are hearing of a new Bank Bailout that could cost $2 Trillion!

Auto Industry Bailout: Lets not forget about taxpayers flipping the bill for a $15 billion auto industry bailout. All that so-called loan achieved is some temporary relief to keep one or more of the big three out of bankruptcy. Now they need more cash!

2009 $819 Billion Economic Stimulus: People all over the world are struggling and need financial assistance. Is a $819 billion economic stimulus package really going to help? Look at the track record I just outlined above. Blindly throwing trillions of dollars around hardly seems like an intelligent solution. President Barack Obama’s stimulus is bigger than the Pentagon’s entire budget and more than the United States has spent on the war in Iraq.

You know, I just have to say one more thing. The Republicans really blew it by acting like stereotype Republicans and running the Country into
the ground. Now they have lost the entire government to the Democrats. So what do the Democrats do? It looks like they are going to blow it
now by acting like stereotype Democrats with high spending and big government. And oh is this expensive and big. Look at some of the numbers
going around:

  • $8.4 billion for clean drinking water.
  • $30 billion for highway construction
  • $13.1 billion for other forms of transportation, including mass transit
  • $89 billion for Medicaid, the health-insurance plan for the poor
  • $13.3 billion of health-insurance assistance for the unemployed
  • $38 billion in emergency and extended unemployment
  • $188 billion in tax reductions
  • $20 billion for direct spending on school facilities
  • $20 billion to computerize health records
  • $79 billion to help stabilize state budgets, beyond the allocations for things like infrastructure, Medicaid and schools.
  • $87 million for a single icebreaker ship to be used in the Arctic
  • $150 million for producers of livestock, honey bees and farm-raised fish.
  • $20 million for fish barriers.
  • $430 million for the SBA to use toward its lending programs
  • $335 million for programs that help prevent sexually transmitted disease
  • $50 million for the National Endowment for the Arts
  • $70 million for a supercomputer at the National Oceanic and Atmospheric Administration
  • $75 million for smoking-cessation programs.

Has so many hands ever been greased so quickly in the United State’s history? I sure hope those idiots in Washington know what they’re doing
because America is going to be in debt for generations.

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