Gosh, did anything happen while I was gone? Stock market do OK?
For starters on "this week" and MTP Timmy did a good job. There I said it. When I originally supported the TARP process, something like this is what I thought would be done and to be even kinder, I understand why this took a while (and why the previous administration could not get their hands around it either).
But...how untying bank assets requires the socialization of the rest of the economy remains a mystery. The E-mailed question on "this week" said it best, why do we need to spend our children's money to smooth the roads now?
Some articles:
DickMorris.com
E.J. Dionne Jr. - Cutting Deficit Will Require Tax Increases - washingtonpost.com
I would be more supportive of his plans if he told the truth, either we cut spending and realize true entitlement costs or we are going to need to raise taxes on everyone.
He is punting like all those before him. (I did hear Bush say (but not enforce) "limit the growth of spending to 4%") Except, he is in spending hyper drive.
1 comment:
How much of our kids money did Bush Administration spend - after inheriting a surplus?
Don't forget - Obama inherited $1.3T deficit. Thanks Dubya! Good job!
If the people on this board understood the words socialism and redistribution, they would not use them so often.
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