posted on Nov, 4 2009 @ 07:09 PM
Well I don't want to get into bashing or counter bashing.
Look, Bush said he was a compassionate conservative, a misnomer for really being a liberal republican. His policies encouraging the FED to keep
interest rates low, along with congress's emphatic approval, lead to the housing bubble. The expenses of this plus the wars plus expanding medicare
created a trillion dollar deficit. The villain here is bad policy and spending.
If Saddam Hussein had said to the US what he told prison authorities, that he pretended to have WMDs to keep Iran at bay, the Iraq war may have never
happened. Too bad the CIA couldn't figure this out.
The bad policy and spending continues under Obama to the tune of 9 trillion in deficit spending, and adding a trillion for health care makes it worse.
The government has acquired a really bad habit of accepting moral hazard, that is they are willing to bail out every bad decision made by anyone, this
liability along with obligations of medicare and social security get into the neighborhood of 50 trillion dollars more.
Now if the intent of Obama is to destroy capitalism, he has succeeded. Too bad,because capitalism in an unabridged form is about the only thing that
could turn things around. I don't see how his policies and spending are going to have a happy ending.
As far as I can tell one half of the population wants a Eco Utopian society at any cost and the other prefers the free market and capitalism. I
predict with almost 60 trillion and god knows how much foreign debt to be repaid by taxation, most of us will become slaves to the government for the
rest of our lives. I predict the standard of living you are accustomed to will disappear as you know it.
For me I prefer freedom, the free market and capitalism, which does self correct itself, to big huge government which no longer self corrects
[edit on 4-11-2009 by A52FWY]