Obama Lies – Economy Dies
This blog has frequently noted the narcissistic nature of the current Present and by extension now – his administration. As an example, we were told that the Tim Gietner appointment as Treasury secretary was so important – important enough to ignore obvious tax-fraud – because he is the only person capable of seeing the Treasury through this “crisis”.
This bubble was quickly burst though, when after President Obama told the nation during his televised press conference that the Treasury secretary would describe his plan, “Turbo Tax Tim” fell flat on his face – because the plan was simply a plan to develop a plan. You or I would be fired for making such a pathetic presentation to our bosses – but Gietner lives to plan, and plan, and plan… for another day. Of course the stock market slid a few hundred points, but that’s just rich people’s money anyhow.
Now we have the other financial genius (Fed Chairman Bernanke) proclaiming the end of the recession is near…or not.
From Fox News: Bernanke: Recession May End This Year. “Only if that is the case, in my view there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery,” Bernanke told the Senate Banking Committee.”
So here’s a question: if the recession will end this year (or at the least start recovering in 2010) why is it that only 41% of the $789 billion stimulus will be spent by the end of 2010 (see graphic here).
Short answer – they (defined as the MSM, the politicians supporting this economic catastrophe, and the lemmings lining up for their checks from the government) simply think we (defined as tax-paying, fiscal conservative, small government, and economically and politically informed), simply think we are too stupid, lazy, or ignorant.
And the final straw is that after passing a stimulus bill that is laden with liberal wish-list programs and very little stimulus (can’t wait to get that extra $13 in my paycheck!), our Spender-in-Chief claims that he will halve the $1.3 trillion deficit by the end of his first term.
Frankly – it is a lie. First, the budget deficit in not $1.3 trillion. The deficit for fiscal year 2009 will most likely be $2 trillion. The total of all accumulated budget deficits is $10.8 trillion! And the proposed deficits are much different in economic structure than in the past. From Forbes:
Obama is essentially asking investors to fund a massive giveaway program stateside. The federal government will prop up corporations and pay individuals to work, all with money taxed or borrowed from the private economy. Simplified, the Obama economic plan is one whereby we’ll run deficits to fund welfare programs that, by definition, will slow economic growth. Indeed, individual stimulus will involve taking from the productive to aid the less productive, and it’s easy to see how this will cause the productive among us to reduce their efforts.
So now we have the O-promises:
- a budget deficit of $533 billion by 2013
- From Heritage.org: “This is hardly ambitious. Given the budget’s assumptions of peace (deep cuts in spending on the global war on terrorism) and prosperity (the economy should be recovered by then), a $533 billion budget deficit should not be a heavy lift. By contrast, President Bush oversaw budget deficits that typically ranged between $150 billion and $450 billion even while fully funding wars in Iraq and Afghanistan.”
- 4 million new jobs by the end of 2010 (despite of the CBO estimate which could be as low as 1.2 million new jobs)
- a budget for fiscal 2009 without any earmarks (could be tough given that there are 9,000 earmarks in the $410 billion omnibus spending bill)
At some point, voters will start remembering the difference between a campaign promise, and a presidential decree. You can say just about anything on the campaign trail, and the only people who hear you are your ardent supporters. Now that Obama has the stage of the office of the President - it is hopeful that the informed public will hold the President to a higher standard than his adulating supporters. At some point, voters will begin to hold him (and those who have abided this economic farce) to his word.
Comments
By Jeff Coble on February 25th, 2009 at 8:48 pm
What a pathetic joke this blog is… The mighty "Prometheus" vowing to "hold the president to his word". Such a bold child, this "Prometheus".
We're loving your gnashing of teeth. It's like a lullaby we like to listen to after drinking kool-aid mixed with conservative tears.
Piss and moan a bit more, please. I'm trying to sleep.
By CogitoErgoBlog on February 26th, 2009 at 5:00 pm
Thank you for your comment. This forum is dedicated to dialog, no matter how banal or trite.
Your reference to "The mighty 'Prometheus' vowing to 'hold the president to his word', was taken as referring to a pretension that was not intended. Consequently, I have changed the language in the post to reflect your observation and thank you for pointing it out.
As for your metaphor, I can not comment on its relevance to this issue, as I could only think of the Jim Jones Kool-aid simile. In consideration of your good health and continued contribution to this blog, I would suggest you be careful on your choice of beverage.
And last, to be helpful, your overall comment is not supported by any ad hominum argument. Your point (if there was one) would be better supported if you offered a reasonable argument that any statement made in the post that was not factual.
By D.. on February 27th, 2009 at 3:14 pm
Always a good sign when an up-and-coming blog begins to acquire the scourge of the Left.