[x]Blackmoor Vituperative

Tuesday, 2009-02-10

Economists against Obama

Filed under: Society — bblackmoor @ 10:46

President Obama went on national television this evening to urge Congress to set aside “petty differences” and vote his “recovery package” into law. Bold words: it makes President Obama sound like the brave visionary, and those who oppose him as “same old, same old” politicians. But what if his bold plan is tantamount to steering the Titanic straight at the iceberg? What if pouring trillions of dollars down a hole is not the way to restore fiscal responsibility in this country?

What if the economists against Obama are right?

Call me crazy, but I think that when one is in difficult financial straights, spending money like it’s going out of style is the exact wrong thing to do.