Wednesday, February 25, 2009

Nice Speech Mr. Obama ...But....

How are you planning to pay for all of this Spending????

Egads... Obama's "can do" pep rally before Congress and the American people last night was well delivered etc., but honestly, it was more hope and change blah, blah, blah. Lots of words and promises and little substance. For goodness sakes he promises to cure Cancer!

All that was missing was the pom poms and 4th of July fireworks display!
And this was supposed to lift our doldrums?

I know he is trying to instill confidence - but words are not enough.
Uttering nationalistic rhetoric is not enough.
And please let's not equate being American, or supporting America with agreeing to Obama's policies.
Sure he re-iterated American pride - and I am all for that - but his administration's actions counter the "can do" attitude by continually focusing on handouts and bailouts.

The actions that this government has begun to take, and the ones they are planning, really will not help get us out of the mess they have built for us over the past decade (or more) with legislation for easy credit and a monetary and foreign policy that has been obviously detrimental.

Also, slamming CEO's that have abused their business finances is stupid especially in light of the fact that the government continues to fund them!

He talks about accountability and responsibility and so on, yet after spending over a trillion dollars there is now more spending is being laid out on the floor of Congress! $410 Billion more to be exact. With 9,000 different "earmarks" to be more exact. And, these are the very kinds of earmarks that Obama campaigned against and later said he'd veto. Honestly Mr. Obama ... money to finance astronomy in Hawaii?

These people in Washington have absolutely gone insane!
I want to know - how is all this spending going to be paid for?

Tax the rich you say?
Tax business you say?

and what happens when the business and the rich can no longer ante up and decide to close shop? Who pays then? The incentive to become rich and own a business will evaporate. Then what?

Then there will come a time real soon when the Chinese will not want to buy anymore of our debt. Then what? We just print more money? That's a good way to devalue US currency! But that's what they are setting us up for.

Another thing... the taxpayers are really getting sick and tired of bailing everyone out. Why should we all be expected to pay off everyone else's bills? One mayor's plan in Houston was to pay off homebuyers' credit cards so they could buy a house! Are you kidding me?

Yes, Mr. Obama we have a big problem, many big problems, and they need to be addressed now. But we cannot spend our way out of failed monetary policy.

Punishing businessmen in this country is not the way to prosperity.
Rewarding failing business is not the way to prosperity.
Expanding government is not the way to prosperity.
Making people more dependent on government is not the way to prosperity.
More government control over business and our citizens is not the way to prosperity.
Government giving us stuff is not the way to prosperity!

We need sound money and our families need to be able to keep more of their wealth.
We need government to stop raiding our paychecks so we can pay off our debts and accumulate wealth.
We need business to fail when they manage themselves like idiots. No matter how big they become.
We need people to keep more of their paychecks so they can put money away for a rainy day or for their retirements.
More money in individual's pockets should be put there by the individual - not by government.
Taking money from "Richie Rich" to give to "Sad Sack" is not government's function or right.

Yes, Mr. President, we are a "can do" country - so please let government get out of the way and let us "do" what we can do!

Let me end with something that I do support Mr. Obama on:
I agree that we need to have a comprehensive energy policy to launch us into better development and implementation of alternative sources. I applaud the Obama administration for promoting that.


With regard to the speech - this comes to mind:

UPDATE: Stock Market Response ... perhaps it was something Mr. Obama said (or didn't say).