Letter of Apology to my Grandkids

No one here campaigned for 4 years on a platform of "Bush sucks and I will save us".

Obama handed over one of the most crucial projects in history to a bunch of partisan, left leaning spendthrifts because he did not have the wherewithall to handle it himself. He is basically the mouthpiece for Pelosi, et al, and they took advantage of the situation by ramming a spending bill down our throats under the guise of stimulating the economy.

Rather than taking some time to elicit the counsel of experts, both Dem and GOP, they decided to hastily put together this 1000 page piece of crap which will stimulate nothing but the rapid decline in Barack's popularity.

Doing nothing at all would have been far better.

I'm glad I won't live forever. This is gonna get ugly for future generations.

 

With all due respect Sabanfan, thats a bunch of crap. You talk about being partisan, these are just GOP talking points that you just posted.

Doing nothing= complete failure.
This is a recession of unseen proportions. This isnt a regular recession, whether you want to admit it or not, we have cut taxes and spent out the azz for the last 8 years. Now all of a sudden Republicans are concerned about spending and deficits. Thats just more crap.

 

The Bush tax policies have 0 to do with this recession. To suggest otherwise is simply foolish. Treasury revenues increased in the years subsequent to them. My biggest fear is that Obama will allow them to sunset before the economy begins to recover.

Now, Obama continuing the spending practices of the last 8 years, is a sure plan to longterm failure.

You want to talk about crap. Calling this recession of unseen proportions is grade A manure. Unemployment is a few shades above the natural rate and may sneak as high as 10, but none of that is unseen.

I for one am glad that the Repubs found some conservative backbone and are standing up to wreckless spending. Better late than never. Hypocrites who do right are better than passive politicians who do nothing.

 

There are certain parts of this bill I am extremely unhappy about, the pet projects, threw in it by the house democrats. This bill should exclusively targeted infrastructure, job creation, some tax cuts for the middle class, unemployment benefits, forclosures, and a loan to states monetary program.
Nothing else. that was the failure of the democrats in this bill. But I am against not doing anything at all.

 

your limited foresight is grade a manuer. The recession is much more than unemployment percentages. How about the cost and losses that the toxic assets are causing, which no one seems to be able to assign value to them. How about the potential for massive bank failures. How about complete state government failures, like in California who will lay off 20k people starting today.

But by your theory unemployment is just a shade above the natural rate and thats the extent of this recession. Gotcha.

 

How long are ya'll gonna ride that old nag? F the past 8 years and F Bush. My concern is the here and now. This spending bill is only going to make things worse. Spending during a war and spending to protect endangered species or to study STDs or to endow the arts are two different things. $13 a week isn't going to do a GD thing to help get this economy off the schneid. 25% of this bill is stimulus related and the rest is thick sliced bacon.

Doing nothing would be painful, for sure, but pain will be felt regardless.

 

Massive unchecked spending is what got California into the mess they are in.

 

So here is my Hypothetical...
Assume this is a recession of the likes never seen before...
If a government cannot spend their way out of a normal cyclical recession, what makes you think it can spend its way out of this one?

Personally, I'd rather take the time to possibly get a good plan (of which I don't think there is one, If it were up to me I would let the economy correct itself, but that is besides this point) than rush a plan that history pretty much shows us won't work.

 

I'd prefer 3 years and 49 weeks, thank you