When our nation starts to prosper again, as it soon will, all the bailout and stimulus money will be repaid very easily -- much more easily than if we had simply allowed our economy to dry up and die, as was happening very rapidly when Obama took office. By Obama's second term, our economy will be thriving, thanks to the programs Obama is instituting now, and he will be able to run the country at a surplus every year, just as Clinton did when he was in office.
Obama is pumping money into the system now, restoring the economy to robust health, and in the near future repaying the money will not be a problem.
All this discussion is reminiscent of what happened when the USA first entered World War II. FDR set forth production goals for planes, ships, tanks, guns, etc., which the Republicans said we could never achieve. In a very short time, however, the USA met and far exceeded FDR's production goals.
Why is it that Republicans always have so little faith in America?
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4 comments:
CJP I like how you use your comment to me as new blog, so I guess it would surprise to find out that I am not a Republican, but a democrat.
And since you reposted here, I guess it is only right that I do the same
I would like you to go more into detail how our nation is going to prosper again. We bailed out GM but yet GM is Mexico's single largest private employer. GM said it planned to reduce its total US employment from the current level of 96,537 people to between 65,000 and 75,000 salaried and unionized workers by 2012. So as its workers increase in Mexico, more jobs are cut here. Yet our goverment hands over money. How does this help our nation? How do you see that this will help our nation prosper?
And further more, how does the prososed increase of taxes on High fructose corn syrup help this nation prosper. If the tax is passed, more sugar would be imported. Soda and other sweet foods, would switch back to sugar. Causing not only the workers who process HFCS to lose jobs, but also cause US farmers to sell less? In the state our economy is in is it really smart to raise taxes on US made products, healthy or not?
CJP: I am sorry but there are a few problems with your last statement. First is you said there was a surplus under Bill Clinton, which is something I have already told you is a lie. Bill Clinton borrowed more money from SS to make it look like he had a surplus. If you look at the federal revenue minus SS to the spending, he ran a deficit budget.
Second, Obama will never have a surplus budget when he is spending $3.6 trillion dollars a year! That is $800 billion dollars more than Bushs last DEFICIT budget. So how is Obama going to run a surplus when Bush couldnt do it when he spent $800 billion less. Obama would have to increase taxes thru the roof and double are GDP. I am sorry but a $13 trillion GDP is impossible to double in one presidency. Did you know that all tax dollars are removed from the economy? What would happen if Obama left it there in the first place?
Brandon, you took the words right out of my mouth. Well said!
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