Barack Obama says he’s sure the U.S has moved into a recession and the country needs another stimulus package to bring us out:
“I have little doubt that we’ve moved into recession at this point, and the sooner we can get money into people’s pockets, the sooner that we can stabilize the housing market, and the sooner that we can send a message to the markets that we’re serious about creating an energy policy that will create greater energy efficiency over the next decade or so, I think the sooner we’re going to get our fundamentals right.”
Forget economics. Forget that the definition of a recession is two consecutive quarters of negative economic growth, an event that hasn’t occurred in the last six years (our last recession was March to November 2001)! Forget all that, we’re in a recession because “The Obama” has declared it is so. And what does he propose? Another stimulus package! How will he fund it? He wants to raise taxes, so no tax cut. I guess we’ll be borrowing more money from the Chinese! That’s it! Shore-up the economy by increasing our world debt.
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July 14, 2008 at 3:39 pm
Richard
JOS, this is part of a clear strategy on the left in your country. Talk up the negative aspects of the present in order to highlight the emotive message at the heart of Obama’s campaign.
One cannot campaign for “change” so easily when people feel “pretty ok, actually”. Satisfied people are usually more rational. People who are “scared and bitter” (remember that?) will be desperate for a “solution”.
Exactly right and Obama is throwing out short-term (vote-getting) solutions to a long-term problem.
- JOS
July 17, 2008 at 11:41 am
writerchick
The more this man talks the stupider he becomes. I have a piece on the recession coming up over the weekend - it’s quite an eye opener. I can only hope people are not stupid enough to think this dude knows what he’s talking about.
WC
Unfortunately, there are so many who are blinded by his rhetoric.
- JOS