Thursday, April 30, 2009

Let Specter and the Dems own these deficits!


We have a great opportunity to define the political terrain.

Let's move on and play ball.

On one side, everybody who supported the so called stimulus plan and Obama-economics!

On the other side, those of us who believe that this won't work!

I'm confident that we are right.

Let us be the party that voted "no" on a bill that no one read. In fact, this is the same bill that approved the AIG bonus.

Let us be the party that voted "no" on a budget that included 9,000 earmarks and a provision that violated NAFTA.

How proud was Pres Obama of signing that budget? He didn't do it in public.

Don't let the "fairy tale" get to you.

Fairy tales are for children. Adults usually crash when they grab on to a fairy tale.

This is where we are on the economy.

We've created an economic situation that calls for federal budget deficits in excess of 10% of GDP for 2 years, and probably more.

Why is that important? We have never done that before, even in the depths of World War 2.

Sooner or later, someone is going to have to defend their votes on creating these deficits.

It will be a pleasure to say in 2010, and specially 2012, that we didn't do it. Instead, the Dems did it. (House passes budget plan endorsing Obama goals: "Not a single Republican voted for the measure; 17 Democrats, mostly from GOP-leaning districts, voted against it.")

Be patient Republicans.

We are on the right track. We will win again.

Don't let all of the "doom and gloom" get to you. We are headed in the right direction!

Dick Morris has a great post on Obama's first 100 days:

"Obama’s very activism these days arrogates to himself the blame for the success or failure of his policies.

Their outcome will determine his outcome, and there is no way it will be positive.

Why?

• You can’t borrow as much as he will need to without raising interest rates that hurt the economy;

• The massive amount of spending will trigger runaway inflation once the economy starts to recover;

• His overhaul of the tax code (still in the planning phases) and his intervention in corporate management will create such business uncertainty that nobody will invest in anything until they see the lay of the land;

• His bank program is designed to help banks, but not to catalyze consumer lending. And his proposal for securitization of consumer loans won’t work and is just what got us into this situation.

So Mr. Obama should enjoy his poll numbers while he may.'

Yes, enjoy the fairy tale. It won't have a happy ending for those who've created these deficits.

Rmember this: "....Obama's honeymoon, like all vacations from reality, will soon come to an end." (Obama's Vision Deficit)

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