Trillion-dollar giveaways: Barack Obama and Tim Geithner rob Main Street of $3 trillion
[Via Daily Telegraph] “The sparkle has gone from his eyes already,” an American acquaintance said to me yesterday, referring to Barack Obama. “He doesn’t know what to do.” Obama’s performance at his press conference confirmed that impression, with the rhetoric of the campaign trail, fluent and banal as piped musak, replaced with long hesitations not just between sentences, but between clauses. This was an auto-cue junkie suffering cold turkey.
Barack Obama’s stimulus plan is pure madness
When a political lightweight is out of his depth, he seeks to compensate by counterfeiting the certainty he is far from feeling. Obama’s rantings in defence of his stimulus plan have assumed an apocalyptic intensity. Unless Congress agrees to flush almost $1 trillion of Joe Citizen’s hard-earned bucks down the sanitation, “Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse.”
So, America had better listen to the man who “screwed up” over Tom Daschle because he alone has the wisdom to extricate the US of A from financial disaster. The instrument of salvation is the biggest barrel of pork that the undeserving needy have ever seen in American history, from sea to shining sea. The financial crisis may seem complex, but the solution - the real solution - depends on one simple premise: tax cuts revive economies, handouts do not.
Trillion-dollar giveaways are like buses: there will be another one along in a moment. Driving the next vehicle is Treasury Secretary Tim Geithner, who thinks it would be a nice gesture to hand another $2 trillion to Gordon Gekko and his pals on Wall Street. Apparently the last handout made no appreciable difference, so better throw some more moolah into the piranha pool - some of those poor SOBs are down to their last executive jet.
Continue reading at Daily Telegraph
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