Saturday, February 07, 2009

805 Billion Obama Money Pit

Fox News: Reports on the price tag for the Obama Economic Plan, eight hundred and Five Billion Dollars. Lets give it a chance, have opposed this and the bank bailout, the bank bailout has cost over seventy billion in losses for the tax payer. It can be argued that this vast spending spree should prevent another Great Depression but it can be postulated it will not prevent another 1982 kind of recession. Ronald Reagan has an approvals rating of in the thirties in this period but still won big in 84. Lets see if President Obama is a master politician in the shape of Reagan and Clinton, can he get re-elected in 2012. Is this Economic Plan the building to a great re-election or the first bad throw of the dice that will lead to a one term Obama Administration.

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