Tuesday, December 8, 2009

President Obama's Speech on the Economy: More of the Same!


Over the past few minutes, I have been listening to President Obama's speech on clean energy and the economy. It is very disappointing to hear the president talk about improving the economy, when it is obvious he and his advisers have no clue about Adam Smith economics, that it is the market that produces, not government. The government has never, and can not now, and never will create employment, except in government civil service. And that creates work, but not work that produces a product or a service that can put others back to work. It only adds to the cost of government that has to be supported by taxpayers.

His administration has caused most of the current economic disasters, and he has the gall to continue to blame Bush. Now he wants to use some of the tarp balance to finance lending for small business. This is going back on the promise to send unspent money back to the treasury. And if past monies spent by the government that has been sent to control financial institutions, auto manufacturing, and other special interests tell us something, do we have any assurance that further spending will help? The one bright spot was the intent to eliminate capital gains for small business for a certain period of time.

At first, I was willing to give the new administration a chance to make good on its promises. But having seen what the Democratic Cabal in controlling both houses of congress, and having a president that will rubber stamp their spending programs, I know now that we are in deep doo doo.

We are now assured we will have higher taxes, higher utility bills, gasoline increasing in price, food prices rising and some becoming scarce, with high unemployment remaining accompanied by inflation. This cabal must be sent home next November if we have any chance to survive our progressive government. If November 2010 goes by and we do not correct the situation, it will take decades to recover, if ever.

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