"After they drove the car into the ditch, made it as difficult as possible for us to pull it back, now they want the keys back. No. You can't drive. We don't want to have to go back into the ditch. We just got the car out." President Obama
So Bush policies got us in to this mess, and Obama is getting us out. Really?
Everyone knows Bush cut taxes. Obama Claims to have passed one of the biggest tax cuts in history. Bush ran up government spending, an average of $2.6 trillion over his eight years. Projected spending under Obama 2010-2013? $3.8 trillion. Bush had huge budget deficts, averaging $440 billion per year. Obama's deficits? A little over a trillion dollars. Bush had the expensive prescription drug entitlemtn. Obama has Obamacare. Bush started bailouts. Obama continued them. Bush had a $160 billion stimulus. Obama had a $860 billion bailout.
Obama's economic plan is simply an escalation of everything that was wrong with the Bush policies. Now he has added hundreds of new regulations with his financial reform and seems intent on raising taxes in 2011. Can anyone name a single economist that will say that increasing regulations and raising taxes during a recession is a good way to promote job growth?
So Bush policies got us in to this mess, and Obama is getting us out. Really?
Everyone knows Bush cut taxes. Obama Claims to have passed one of the biggest tax cuts in history. Bush ran up government spending, an average of $2.6 trillion over his eight years. Projected spending under Obama 2010-2013? $3.8 trillion. Bush had huge budget deficts, averaging $440 billion per year. Obama's deficits? A little over a trillion dollars. Bush had the expensive prescription drug entitlemtn. Obama has Obamacare. Bush started bailouts. Obama continued them. Bush had a $160 billion stimulus. Obama had a $860 billion bailout.
Obama's economic plan is simply an escalation of everything that was wrong with the Bush policies. Now he has added hundreds of new regulations with his financial reform and seems intent on raising taxes in 2011. Can anyone name a single economist that will say that increasing regulations and raising taxes during a recession is a good way to promote job growth?