"It's a little hard for me to take criticism from folks about this recovery package after they've presided over a doubling of the national debt," he said at a news conference on Monday. "I'm not sure they have a lot of credibility when it comes to fiscal responsibility."
What was cited as the reason for the huge deficit, growth in national debt, and bad economy...tax cuts and government spending. What is the new "stimulus" package comprised mostly of...SPENDING and TAX CUTS! Are you kidding me? Does anyone else see the irony? When will we learn? Fear makes us do silly things. We have to make a rash decision to stop catastrophe? $1,000,000,000,000 will put the government spending at almost 35% of GNP...Huge amounts of borrowing will do nothing but weaken the dollar...I can't wait until we go for a loan from China and they say credit denied. Fear that drives us to short-term solutions only hurts the long-term health of the Republic.
The other part where Obama was exactly right is on A-Rod's drug us. In his words:
“It's depressing news on top of what has been a flurry of depressing items when it comes to Major League Baseball,” Obama said at a news conference, adding the new admission “tarnishes an entire era to some degree.”
In his words from 1995 memoir, Dreams from My Father: A Story of Race and Inheritance:
"Pot had helped, and booze; maybe a little blow when you could afford it," wrote Obama about what he would later say were "bad decisions." "Junkie. Pothead. That's where I'd been headed: the final, fatal role of the young would-be black man."
So does his pot, booze and blow use tarnish an entire era of Presidents? Casting stones in a glass house is a dangerous business.
I am continually impressed by President Obama charismatic stage presence and intellect. It is refreshing to watch him as President...HOWEVER, his continuation of BUSH policies of TAX CUTS and UNCONTROLLED GOVERNMENT SPENDING! The US needs a large infusion of infrastructure recapitalization, but that doesn't have to be decided by Presidents' Day.