Saturday, January 24, 2009

The Obama Paradox!



Courtesy of the White House: The President's Weekly Address.

The President's first weekly address is on the American Recovery and Reinvestment Plan, in other words the bailout of the American Economy. In reading the text of the statement on the one hand it has the usual Liberal Pandering, the statements states the following, " That’s why this is not just a short-term program to boost employment. It’s one that will invest in our most important priorities like energy and education; health care and a new infrastructure that are necessary to keep us strong and competitive in the 21st century. " In other words if your out of work now, you will have to wait while Obama panders to the left, these projects will take time and in the long will not make economy roar, building roads will make Liberals feel better but government spending in the long term will have a negative effect on the construction business, as it has been stated that the FDR New Deal had a negative effect on business and could have extended the Great Depression. The reason once the government pulls the plug on the money the market will be set in a mind set that will take years to get out off, that the Government is the engine of the economy, it never was and it will never be, never mind how much Liberals want to take over the economy. But we also in the statement that President Obama knows this in his heart of hearts but quite get there yet, simple reason the American people have given him a Liberal House and Senate, the system works in the USA when a President at least has one house that can tell him that he does not have the votes. That was the problem Bush 43 had, he had House and Senate in his pocket for most of his term, thus the problem later down the line. One can see this in the statement, the President states the following, " I know that some are skeptical about the size and scale of this recovery plan. I understand that skepticism, which is why this recovery plan must and will include unprecedented measures that will allow the American people to hold my Administration accountable for these results. We won’t just throw money at our problems - we’ll invest in what works. " If the economy goes in to Depression this year, if the government spending does not work and we are back not in to the Great Depression but in to the recession of 1982. A recent article by the Liberal New York Times suggested that 82 was worse so far, of course the Western Economy could get worse if these bailouts do not work, in that period Ronald Reagan had low approval ratings but still won a massive landslide in 1984. If the Obama poll rating go down will Obama be able to come back and win as Reagan and Clinton managed, that is the question, the Liberal Press will support him so far, they need to make money, they wont make money by being press agents for Obama.

No comments: