Thursday, November 26, 2009

Hope & Change Policy | Obama's Record Spending

It was not too long ago then candidate Obama, during his campaign, promised a "net spending cut". As President, Obama has not only forgotten his empty promises, he seems intent on doing the exact opposite.
Obama has managed to spend more than any President before him...double!
Fox News;

President Obama has shattered the budget record for first-year presidents --spending nearly double what his predecessor did when he came into office and far exceeding the first-year tabs for any other U.S. president in history.

...compared with other presidents' first years in office, Obama is running circles around them.

During this time of economic hardship, the American people are tightening up and holding their wallets a little bit closer. And that’s just the lucky ones. There are many children who are going to have to celebrate the holidays worrying about their parents who were recently laid off or haven’t been able to find a job after months of searching. They are forced to hold on to the little money that they have and unlike this admin., not accrue additional debt from unnecessary spending. This is what is irritating about the whole situation, it's the blatant hypocrisy. We all have 'wants', yet we have learned to accept the current situation and understand the difference between wants and needs.
It’s obvious that Obama does not care for history as he is repeating the devastating years of the Carter administration’s policies to the tenth degree.
Unless things change (quickly), continuing on this current trend only prolongs the recession. Even more worrisome, their compulsive habit of printing money is doing nothing more than securing one thing…not confidence which our markets need, instead, it secures the probability of inflation occurring. Add this to the list of the “change” we were promised.

(I tried to warn people that change is an empty word as it fails to imply anything more than something different. Repeatedly, I urged people to understand that change can be good but change can also be very bad. Is it worth the risk? Monday morning quarterbacking, was it worth the risk?)



Blog Template by