Saturday, January 10, 2009

Let's Spend More!

Let's spend our way out of debt. We can do it! It'll be fun!

Can someone please tell me why I saw Mr. Obama on the news this morning (recorded from a conference he held yesterday, obviously) asking Congress to get with his new bailout plan of over $800 billion?? Does he honestly think spending even more money that we have to borrow is the way to go?

I also heard the news stating we are in a "depression". Sorry folks, but this is no depression. Economies go up and down all the time, especially capitalistic ones. If you let them, they will fix themselves. Putting more money into crap that's not working (i.e. failed businesses, badly managed banks, UAW) won't help. It will only make things worse for those of us footing the bill.

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