A Comment About

With Obamanomics, We’re Not Even Close to $eeing Green

July 10, 2009 - 12:30 am - by Tom Blumer
Marc Malone
2009-07-10 12:28:25

Green lawns? Green shoots! Yay! :D

#7 alex – You make a good observation. However, this has more to do with Congress than the President. The Dems took over Congress in November 2006. Their first budget began October 2007(if I’m thinking straight yet. More coffee, please). During the Bush years, Pub Congress spending increased 7%/yr. Under the Dems, +10%/yr. Of course, this recent omnibus bill is through the roof. It may just be coincidental that when the Dems took over, the wheels began to come off.

#22 HelenG – Thanks for the correction. I knew those numbers couldn’t be right. Nice work.

The real problem is that it’s not really a recession. It’s something much worse. It is a complete breakdown of our economic system as a result of Foreign Object Damage (FOD). It was governmental interference in the marketplace which caused this mess. Look at the causes of the housing mess, and it goes back to Carter and Clinton… and Dem policies.

The financial institutions stopped investing so much in the economy and producing wealth, and began investing in Congress and stealing wealth. They should have been allowed to fail. The markets would have recovered by now. Bush allowed this nonsense to happen.

He should have fired TreasSec Paulson right away in Sep 2008 for conflict of interest. Paulson’s previous job was head of Goldman Sachs in 2006. He helped create the mess. The bailout went to his buddies in the financial world. Besides, he is a Democrat, as is Bernanke. But Bush, not understanding economics and in a panic, gave the keys to the kingdom to Paulson and the Dems. Danged Liberal Republican hiring Dems for his cabinet! Personnel is Policy!