The Final Minority Report

Because Even Minorities Oppose Liberalism & Statism

After Spending $1.5 Trillion in 50 Days, Obama says Economy is “Not That Bad”

In a little over 50 days, Obama has spent:
(1) $787 Billion on “stimulating the economy” when the bill reeks of pork-barrel spending
(2) $275 Billion on paying for other people’s mortgages and home-equity loans(!!!)
(3) $410 Billion omnibus bill that, again, has all the trappings of pork
on the basis that the economy will never recover if these bills are not passed

And now he says that the economic crisis isn’t that bad? Great! Then let’s CANCEL the first two bills. Spending more money than what Bush did in eight years in office is hardly an achievement that taxpayers should allow President BO get away with.

Confronting misgivings, even in his own party, President Barack Obama mounted a stout defense of his blueprint to overhaul the economy Thursday, declaring the national crisis is “not as bad as we think” and his plans will speed recovery.

Challenged to provide encouragement as the nation’s “confidence builder in chief,” Obama said Americans shouldn’t be whipsawed by bursts of either bad or good news and he was “highly optimistic” about the long term.

The president’s proposals for major health care, energy and education changes in the midst of economic hard times faced skepticism from both Democrats and Republicans on Capitol Hill, as senators questioned his budget outlook and the deficits it envisions in the middle of the next decade.

But Obama, speaking to top executives of the Business Roundtable, expressed an optimistic vision and called for patience.

Richard Parsons, chairman of beleaguered Citigroup Inc., asked if Obama could offer some help in a national battle “between confidence and fear.”

“A smidgen of good news and suddenly everything is doing great. A little bit of bad news and ooohh , we’re down on the dumps,” Obama said. “And I am obviously an object of this constantly varying assessment. I am the object in chief of this varying assessment.”

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03/13/2009 - Posted by | Obama - Spending Bills |

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