Perhaps I have grown far too suspicious these days but waking up to see Obama proposing a $3,830,000,000,000.00 budget with a $1,500,000,000,000.00 deficit makes me wonder if he is desperately trying to throw our money at the economy in a desperate and cynical attempt to preserve his political future.
Let's face it. If this economy doesn't turn around by this November, Obama will become a one-term, lame-duck.
And since it is intellectually, spiritually, and psychologically impossible for Obama to do the correct thing and reduce spending, reduce taxes, and reduce regulations (the actual and right solutions to fix the economy), Obama can only spend, spend, spend.
And tax, tax, tax.
Not smart. Not smart at all.
All this money must come from somewhere. There is NO such thing as "government money." It is our money, our money extracted from our hands via taxation. And if it doesn't come from the consent of the govern, it comes from loans. But now, who would loan us anything? China is not loaning us anymore. This new budget of Obama's is gonna come out of our hides, our income, our businesses, and our children's future.
Finally, it won't work. As I've posted earlier, the government can NOT create jobs as well as the private economy. Period.
All this budget is doing is attempting to save Obama's political future at the expense of the country's.
Maybe there’s hope for China after all
18 minutes ago