President Obama was speaking to the sycophantic Democrats that we call our Congressman and Senators (and the media) last night. News clips show him being full of angst at the slow path his economic recovery plan is taking through the U.S. Senate. He wants this bill to be passed swiftly and put into operation as soon as possible.
He showed faux outrage at the deficit, blaming it all in his predecessor. President Bush may not have been as fiscally responsible as I would have preferred him to be, but the budget deficit and the resulting national debt can be put squarely at the feet of Congress. It is this branch of the legislature that spends the government's money. It is not the President that pays the bills. Try to find a government program to cut or throw out completely. It is impossible. The Democrats will not allow it. This is the reason we run up deficits. So why were these Democrats cheering at the President's statements about inheriting a huge debt? These same people were responsible for that debt. Also, how can we do this thing debt free? If we are trillions in debt, how can we throw another trillion in the mix and not come out with more debt?
He criticizes his critics for calling this a spending bill. He says that a stimulus is spending. The problem is that a growth stimulus should allow for growth. This bill is only about government spending. It only creates government jobs, not free market jobs. It grows government. Therefore, it is a spending bill. It is not stimulating anything but Congressmen who see the pork barrel rolling towards their district.
He blames the prior administration for the economic woes. The last time I checked, we had 5 years of unprecedented prosperity under President Bush. His tax cuts lifted this economy after the 9/11 attacks. It was not government spending on social programs that lifted us economically. Rather, it was allowing people to keep their hard earned money and spending it they way they wanted to spend it. It did not come from more government programs and government spending (except for an increase in national defense spending).
Economic problems came along because banks were lending money to people who had no business getting money, they were extending credit to people who did not deserve it. Why did they do this? Because of Congress. The banks were basically forced to do this. This is what caused problems. It was government intervention into industry that caused the problem.
Why does this need to be approved now? Why does the President not want people to question this bill? It is because he does not want people to see what is in the bill. Then they will really be against it. If they can get it through quickly, then they can keep a lot of the earmarks out the news. Isn't it funny how debate and disagreement with the President were a good thing when Bush was in office, but it is now sacrilegious now that Obama is President?
One more thing: Where is the bipartisanship? I thought this President was going to take unprecedented steps to reach out. It did not sound that way last week. He sounded like a man who thought it was his God-given right to have everyone agree with him. He is the only one who can be right. he could get this passed without any Republicans voting for it. His problem is that people in his own party will not even vote for this. That's pretty bad.
So I say to the President: Grow Up and Act Presidential! Your predecessor never acted like this in 8 years, and it only took you 2 weeks. You are nothing but a Chicago thug, a politician who cannot get his way on the merits of his argument so he needs to try to bully others into agreeing with you. You say you were going to listen to opposing views (granted, you never said you would compromise, but you would at least listen). Now, you are taking absolutely no time to do that now. It must be your way and it must be now.
Our most colossal failures generally come when we act quickly and do not think about what we are doing. Our economic downfall as a country will not be failing to pass a stimulus package. Rather, it will come by being reckless and passing something so big we cannot get out from under it. Maybe the best course of action is for the government to do nothing and allow this current economic 'crisis' to fix itself. It has worked in the past. It will work now.
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