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How Is Barack Obama Different? - Feb 4 2009 11:27AM
By: David Kretzmann   Wednesday, February 04, 2009 11:25 AM

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            What’s slightly funny about this is how we forget what we’ve done over the past year to “help” the economy. We tried the $150 billion stimulus plan, $300 billion homeowner bailout, the corporate bailouts of AIG, Fannie Mae, Freddie Mac, and several other businesses, and we can’t forget the whopper that is the $700 billion bailout from this past fall. We’ve run up the national debt and deficit by trillions of dollars already. For the past century, we’ve tried socialism and government intervention in many forms to no avail. Yet nothing new is being proposed by the new Administration. A day of reckoning is very close, and we will learn the very harsh but true lesson of history that no sustainable economy or country can last without individual liberty.

 

            I find it very frightening that someone as young and inexperienced as Obama is willing to spend what will probably turn into trillions, without the blink of an eye. Obama’s economic experience is miniscule at best (“Community Organizer”? Are you kidding me?), and his solutions will only strongly advance wealth redistribution, money printing from the Federal Reserve, and a massive expansion of debt and deficits. He says that trillion dollar deficits are something that we should expect over the next several years.

 

            This is not “hope”. This is not “change”. This is simply socialism, fascism, controlled by lobbyists and special interests. The rapid escalation of central power is not even discussed by our highest leaders.


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