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Obama Crying Wolf?

Posted by cann0nba11 on January 9, 2009

President Obama (I can say that now that it is official) is warning America that we need to support his $750B bailout. Specifically, he warned that failure to take “dramatic action” on the package as soon as possible would have devastating long-term consequences for America.

Funny thing, Hank Paulson said four short months ago about the proposed $700B bailout, “I am convinced this bold approach will cost American families far less than the alternative — a continuing series of financial institution failures and frozen credit markets unable to fund economic expansion.”

This after taxpayers were asked to fund Bear Stearns, Fannie Mac, Goldman Sachs, Morgan Stanley, AIG, $150B for the original “economic stimulus” and the big three auto makers. What reason do Americans have to believe or even listen to Obama for this time? More of the same, second verse, same as the first. Given our government more money is like giving a debt-ridden spendaholic a brand new credit card. When will this insanity stop?

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3 Responses to “Obama Crying Wolf?”

  1. There’s nothing insame about trying to fix our economy … better then playing the hysterical market-demagogue while doing nothing …

  2. cann0nba11 said

    I agree that fixing the economy is necessary. But a stimulus package will not do the trick, the last $700B did absolutely nothing to help. Yet the president is saying “we need to do this”… based on what? How about letting failing businesses fail (especially banks) and maybe letting Americans keep more of their money? Want to do something really cool? How about letting Americans keep their taxes this year. Call April 15 off in 2009. The 40% of us that actually pay those taxes could certainly use the cash to truly stimulate our economy! 🙂

    Thanks for taking time to visit my site and for commenting!

  3. And, exactly, based on what, whom or whatever misunderstanding, you do support your points … !!!?

    And I have a better idea, let’s all stop paying taxes, demobilizing our armed forces (including local police forces) and withdraw all of our state functions … I’d bet you wouldn’t survive for long …

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