President Barack Obama and his Democratic Party cohorts in Congress have done it again. In fact, they've done it a couple of times, and so both today and tomorrow we will take a look at these two most recent Obama-Dem mistakes. I am starting out today by playing catch-up with a mistake made a couple of weeks ago, that being the behemoth $3.6 trillion dollar Obama spending fiasco that he calls a 'stimulus' budget plan. This ridiculous-on-its-face plan to get out of our current financial crisis by taxing and regulating businesses both small and large while at the same time increasing spending at outrageous levels is a complete over-reach by the liberal wing that is now dominant among the Dems. I like to compare it to the famous episode of the television comedy Seinfeld in which Jerry and Elaine decide they need to have sex in order to save their friendship. Ludicrous on its face and a disaster waiting to happen, which indeed it does, which anyone with half a brain could see coming a mile away. The exact wrong solution for a difficult problem they were experiencing. According to the San Francisco Chronicle, Alan Chanrey, the director of USA Action, one of many ultra-liberal groups pushing Obama strongly and speedily towards the socializing of the American governmental system, stated "This budget is real change, the change Americans voted for last November." He is right in one regard, that 53% of Americans did indeed vote for a party change last November. But he and the rest of the Democratic Party, and Obama as the President, have been making one major error after another because they do not understand what kind of change the majority of these Americans voted to see happen. Americans wanted a philosophical change away from a war footing and a perceived antagonistic face in world affairs. They did not vote for Socialism. The financial budget and programs that Obama and the Dems are instituting will result in more layoffs, higher taxes, more business closings. Obama and his supporters will argue that it should create jobs. But these are jobs that will depend on the Federal government either directly as employees or through Federally funded programs and grants. They will argue that it creates an opportunity for all Americans to receive health care coverage, but they never, ever speak about the cost involved. The cost in financial terms of not only creating such a program, but then maintaining it and likely expanding it over time will simply be the largest expenditure ever incurred by our government. Part of their plan involves $650 billion dollars over a decade in a 'cap-and-trade' plan that is nothing more than a tax on businesses. Another is increased limitations on both mortgage interest and charitable tax deductions that will effect millions of Americans at tax time, as well as payment cuts to Medicare insurers, in order to fund their new medical coverage plan. Obama and the Dems are planning on allowing tax cuts instituted by the Bush administration to expire in a couple of years, thus raising the taxes of millions more American families. Further outlays in the massive budget plan include billions involving so-called 'green' plans to combat a controversial global-warming situation that may in the end be nothing more than a natural phenomenon. There are so many other huge spending programs in this plan that it is almost a joke. One of the leading conservatives on the Republican side, Newt Gingrich, actually says that he agrees with much of Obama's rhetoric on the financial issues. But Gingrich sees a "gap between the words and reality" in a plan that actually promotes "higher-tax, weaker-economy, fewer-jobs" in its practical applications. How can the government possibly expand like this when everyone else is contracting? The simple answer is that they cannot. The Wall Street stock market is reacting to the obviousness of this folly with its weekly free-fall. The administration of President Barack Obama surely inherited a difficult financial situation, and this situation required tough decisions. But it also required smart decisions, and the obviously dumb ones of the past few weeks are only turning the economy for the worse in both the short and long term outlooks. It is similar to Obama walking into a situation where there was a fire growing. He had the opportunity to begin to pour water over the fire and extinguish the flames. Instead he and his Democratic Party cohorts led by Nancy Pelosi in Congress have chosen to pour gasoline over them. Their logic is that by making the fire bigger and bigger, we whose property is actually going up in smoke will become more and more dependent on their government to eventually put it out. But the fact is that day will never come. What will actually happen is that their power will grow as our fire grows, until eventually one of two things happens. Either we vote them out of office quickly, or they burn our American house down to the ground. The gigantic, enormous, humongous behemoth of a budget that is misrepresented as 'stimulus' is the Obama-Dem Mistake #3. Tomorrow we will cover the most recent mistake number four. NOTE: All of the items in the Obama-Dem Mistake series can be found by visiting that below label.
Monday, March 9, 2009
Obama-Dem Mistake #3
President Barack Obama and his Democratic Party cohorts in Congress have done it again. In fact, they've done it a couple of times, and so both today and tomorrow we will take a look at these two most recent Obama-Dem mistakes. I am starting out today by playing catch-up with a mistake made a couple of weeks ago, that being the behemoth $3.6 trillion dollar Obama spending fiasco that he calls a 'stimulus' budget plan. This ridiculous-on-its-face plan to get out of our current financial crisis by taxing and regulating businesses both small and large while at the same time increasing spending at outrageous levels is a complete over-reach by the liberal wing that is now dominant among the Dems. I like to compare it to the famous episode of the television comedy Seinfeld in which Jerry and Elaine decide they need to have sex in order to save their friendship. Ludicrous on its face and a disaster waiting to happen, which indeed it does, which anyone with half a brain could see coming a mile away. The exact wrong solution for a difficult problem they were experiencing. According to the San Francisco Chronicle, Alan Chanrey, the director of USA Action, one of many ultra-liberal groups pushing Obama strongly and speedily towards the socializing of the American governmental system, stated "This budget is real change, the change Americans voted for last November." He is right in one regard, that 53% of Americans did indeed vote for a party change last November. But he and the rest of the Democratic Party, and Obama as the President, have been making one major error after another because they do not understand what kind of change the majority of these Americans voted to see happen. Americans wanted a philosophical change away from a war footing and a perceived antagonistic face in world affairs. They did not vote for Socialism. The financial budget and programs that Obama and the Dems are instituting will result in more layoffs, higher taxes, more business closings. Obama and his supporters will argue that it should create jobs. But these are jobs that will depend on the Federal government either directly as employees or through Federally funded programs and grants. They will argue that it creates an opportunity for all Americans to receive health care coverage, but they never, ever speak about the cost involved. The cost in financial terms of not only creating such a program, but then maintaining it and likely expanding it over time will simply be the largest expenditure ever incurred by our government. Part of their plan involves $650 billion dollars over a decade in a 'cap-and-trade' plan that is nothing more than a tax on businesses. Another is increased limitations on both mortgage interest and charitable tax deductions that will effect millions of Americans at tax time, as well as payment cuts to Medicare insurers, in order to fund their new medical coverage plan. Obama and the Dems are planning on allowing tax cuts instituted by the Bush administration to expire in a couple of years, thus raising the taxes of millions more American families. Further outlays in the massive budget plan include billions involving so-called 'green' plans to combat a controversial global-warming situation that may in the end be nothing more than a natural phenomenon. There are so many other huge spending programs in this plan that it is almost a joke. One of the leading conservatives on the Republican side, Newt Gingrich, actually says that he agrees with much of Obama's rhetoric on the financial issues. But Gingrich sees a "gap between the words and reality" in a plan that actually promotes "higher-tax, weaker-economy, fewer-jobs" in its practical applications. How can the government possibly expand like this when everyone else is contracting? The simple answer is that they cannot. The Wall Street stock market is reacting to the obviousness of this folly with its weekly free-fall. The administration of President Barack Obama surely inherited a difficult financial situation, and this situation required tough decisions. But it also required smart decisions, and the obviously dumb ones of the past few weeks are only turning the economy for the worse in both the short and long term outlooks. It is similar to Obama walking into a situation where there was a fire growing. He had the opportunity to begin to pour water over the fire and extinguish the flames. Instead he and his Democratic Party cohorts led by Nancy Pelosi in Congress have chosen to pour gasoline over them. Their logic is that by making the fire bigger and bigger, we whose property is actually going up in smoke will become more and more dependent on their government to eventually put it out. But the fact is that day will never come. What will actually happen is that their power will grow as our fire grows, until eventually one of two things happens. Either we vote them out of office quickly, or they burn our American house down to the ground. The gigantic, enormous, humongous behemoth of a budget that is misrepresented as 'stimulus' is the Obama-Dem Mistake #3. Tomorrow we will cover the most recent mistake number four. NOTE: All of the items in the Obama-Dem Mistake series can be found by visiting that below label.
