Obama's Correct
 

"The fact that we are here today to debate raising America 's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that, "the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
~ Senator Barack H. Obama, March 2006

Been posted before.

Regards,

D-Ray

That was then, this is now.

If you remember, Shrub was following the accepted Keynesian formula of priming the economic pump in response to the recession which he inherited from Clinton, while simultaneously attempting to protect America from a possibly enhanced 911...with the blessing of both parties.

In short, Shrub did it for all of the wrong reasons.

Unlike Obama, who continues to do it, in spades, for all of the right reasons.

Chas

But it was worth posting again, in my estimation.

Chas

That was before the economic crash Bhunter...you know the one the Republicans caused by deficit spending and tax cuts during a two-pronged invasion of the Middle East without paying for it? And now you want to fault Obama for doing what was necessary to save the economy? I am sure if it was a Republican president who saved the Big Three you would be doing cartwheels right now.

Obama's policies are primarily moderately Republican in the tradition of Clinton and Reagan. If you do not believe me look at the facts.....check your sugar you have been eating too many candy bars.

How many of obamas redistribution of wealth have worked? Like solyndra? Among others...We are not ready for alternative energy, and yet obama continues spending in those directions...

What about his bashing of Bain Capital? "look what Romney did!" At least he(Romney)used private funds. obummer continues to use your cash(your taxes) And what he "invests in goes bankrupt.

What is the reasoning behind all that?

The OP can certainly be glued on to today and it is still relevant. Only much worse.

# to 5 trillion already spent by the buffoon already? not even 4 yrs. I bet he campaigns on the hope and change slogan again. like, As if he never did.

For sure glad I didn't say anything.

See Post #3.

Chas

Give me one example of redistribution of wealth, which in the general consensus is taxing the wealthy for the benefit of the poor while at the same time generally cutting revenue collection from the poorer elements of society. We are still under the Bush era tax cuts so no redistribution has taken place in case you have not noticed.

Now if you mean he has deficit spent, or used tax payer money for bail outs, then you should base your arguments in these terms. One reason why you may only be able to afford budget audio my friend is that the redistribution that Bush made is generally only from the middle class to the wealthy.

Sorry Chas...did not mean to repeat what you said, I think the term shrub and enhanced though me off. I take issue however portraying Bush as just trying to end what was at the time a mild recession.....I know he was fighting the war on terrorism but he still should have used much more discretion and wisdom. Hindsight is 20/20 however.