Plantagenet wrote:americandream wrote:Plantagenet wrote:
Obama's own deficit is the new record deficit....by several times over.
Is it really an Obama deficit or a redneck deficit ...?
Its really an Obama deficit (unless you think Obama is a redneck?). Its the deficit Obama's budget director proposes to create, and Obama supports.
Obama created his huge deficit by spending so much money in his porkulus bill, his budget supplement bill, his housing bailout bill, and the other bills Obama has pushed. The porkulus alone is almost a trillion dollars of deficit. And Obama isn't done spending yet....expect him send another bill to Congress to get authorisation to spend considerably more money on AIG bonuses and bank bailouts then he already has so the Obama deficit will be even worse then he is projecting in the graph above.
Let me try and explain the parlous state of Us finances to you simply, and by the use of an analogy.
Imagine that you discovered that whilst you were in hospital in a deep coma after an unfortunate road accident, that your wife had been out whooping it up on the credit cards and that you were unfortunately reduced to borrowing from your bank in order to service that debt sustainably so as to avoid losing the family home and the kids being thrown out on the streets, just who is to blame for your predicament. YOU?
Add to the scenario the picture of your wife haranguing you for taking out the loan to service her debt and the equally spendthrift neighbour shouting over the fence in agreement with her and what we have are the likes of all this hoohaa over Obama. What choices does he and his ilk have?
1 Tax cuts, more deregulation and let the "fittest" survive? There was never any Darwinian free market as we see here with this fiasco so whose to say that any of these free market con artists will ever play fair and square? or;
2 Interventionism by borrowing from Peter to pay Paul. Given the above what are the wealthy to do other than intervene, regulate and hope that they can preserve their privilege whilst undoing the bankruptcy the free market conmen have lumbered them with.
This not about the average American. This is about that class of passive wealth that senses that they were robbed by interlopers who promised them untold gain in a market free of oversight but instead ripped them off when handed the keys.
As a Marxist, neither of these matter a whit to me but I find it utterly laughable is that you lay the blame for America's accumulated indebtedness at the feet of this man. You Sir are why you are in deep doggy doo over there and will continue to be until you extricate your head out of all that complex propaganda and use your common sense.
The road to recovery lies in first understanding why you are where you are. When chickens like you squak though, all you do is befuddle and mislead and that is precisely the environment these free market thieves relish. Confusion!