Wednesday, July 14, 2010
Obama echoes Republican talking point:
This is pretty remarkable.Mark Sanford
(over a year ago):
"When times go south you cut spending. That's what families do, that's what businesses do, and I don't think the government should be exempt from that process."Obama
"At a time when so many families are tightening their belts, [my nominee for budget director is] going to make sure that the government continues to tighten its own."
This is so f***ing depressing.
Don't worry. As usual, he is lying. His word is worth nothing.
I only wish he was lying. If he follows through on any plans to cut spending, it'll be 1937 all over again. Republicans complained about New Deal spending, FDR listened and "tightened the belt," and it threw the economy into a recession. It took additional federal spending to get the economy back on track. The recession of 1937-38 serves as a stark reminder: you do not remove money from the economy during a downturn.
The removal of money from the economy is already scheduled. The expiration of the Bush tax cuts and the onset of Obamacare taxes and penalties are going to hoover money out of the economy from top to bottom.
what pained me was obama echoing banksters. one ceo justified taxpayer funded bonuses for wallstreeters by comparing highly paid ceos to compensation paid to professional athletes. the next day obama parroted the same line.
outrageous. who kidnapped obama and turned him into a pod person?
naturally government budget tightening is reserved solely for the poor while multi-national corporations and paris hilton types get coddled with every kind of subsidy and tax breaks.