Wednesday, February 25, 2009

Obama’s Trickledown Economics

Barack Obama said something very reveling last night, which seems to have escaped the political chattering classes:

“So I know how unpopular it is to be seen as helping banks right now, especially when everyone is suffering in part from their bad decisions… It's not about helping banks - it's about helping people. Because when credit is available again…”

So, let’s be clear – the plan is for the government to mortgage your children’s future, to hand trillions of dollars to banks, so that they can lend you more money and put you further into debt.

This is trickledown economics of the most perverse kind.

The GOP doesn’t have any room to gripe. They helped create the mess we are in by doubling the national debt over the last eight years with a drunken orgy of spending that gave new meaning to the term “waste, fraud, and abuse”.

The Democrats are making it worse. It was bad enough that they passed a $800 BILLION “stimulus” bill that was larded up with some of the most egregious misuses of taxpayer’s money ever seen. Their latest move is a new $500 BILLION supplemental budget filled with special interest spending.

Where does that leave the rest of us? Screwed. Big time.

It’s becoming very clear that there isn’t dime’s worth of difference between the two parties. They are both captives of the same lobbyist culture in D.C. that has ruined our country. Unfortunately, Americans have demonstrated conclusively that they aren’t willing to do anything about it by voting for alternatives.

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