How Is Barack Obama Different? - Feb 14 2009 2:25PM
What I find interesting about Barack Obama’s economic policies is that they are hardly different from what George Bush, Congress, and the Federal Reserve have done over the past year. And that’s just when talking about the economy. More spending, more debt, and power and trust placed in government are the Obama Administration’s proposed cures from our current economic downturn. Capitalism is blamed for today’s problems; when in reality we have never had a true capitalist, free market, sound money economy. Little by little, the government is working to take individual responsibility out of the equation.
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.
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