Obama’s Trojan Horse
Obama is using our economic crisis as an excuse to alter the American capitalist paradigm, setting Government up to spend everything and take care of everybody when we cannot afford to do so. He is reallocating wealth by taxing those “rich” people who make over $250,000 a year, in order to pay for all this waste. This is not merely trying to fix the economy, and otherwise making the adjustments we need to prevent a future financial meltdown.
The details of this potential fiasco abound, so I won’t repeat them here. In summary, Obama risks bankrupting the U.S. by all this out of control Government spending, money which we don’t have and instead must borrow, tied together with tax hikes against many of the people and businesses we will depend on to lift our economy one day. Obama’s U.S. will be like the purchaser of overpriced subprime property — throwing money one doesn’t have into the wind.
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February 27th, 2009 at 10:54 pm
Aid may have some short-term stimulative effects, but closing the financing gap between actual investment and require investment with aid will not incentivize US markets to grow long-term.
However, certain actors,such as the proclivity of greed, in capitalism has been the root of the issues in US economy. Wall street is not happy about the accountability now required as a result of receiving aid from goverment.Banks are not being nationalized no more than a welfare recipient is being required to be transparent with their spending before receiving goverment aid. This is not new. No one can ask money from the goverment on the grounds of financial hardship and expect a check in the mail with no strings attached. If you don’t want to be nationalized, give back the money to the goverment, liquidate your assests, or sell them, like the American way. .
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MJK
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March 4th, 2009 at 12:00 am
I am calling Obama’s plans a liberal trojan horse because they precisely do not achieve the goals that you (and we all) want: helping fix this financial disaster. Whether I approve of his methods used towards this goal is one thing, but universally, wasteful, pork-barrelled, deficit spending when we really cannot afford it, serves no purpose except to transform the U.S. into a European styled big government, slothful, anti-business, and beauracrat-dominated republic. And yes, the Europeans are suffering from this too — it’s not like their system saved themselves from this mess. No, the only conclusion is that much of this Government junk is just that: Obama’s Trojan Horse.
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March 5th, 2009 at 12:08 am
I believe that it is politics as usual. Republicans lost the last election and many of their seats and are using propaganda to begin their campaign for 2012. We have just hired Obama in feb. and now we want him to be the escape goat for the failing of the economy. Where are the suggestions if we don’t spend to stimulate the economy. Let’s not forget what helped Obama win the election. It was the fact that the republican party screwed things up so badly America could not wait to evict them out of the White House and from the majority in the senate.
Therefore, America knows that Obama is trying to clean up a catastrophic mess created by a greedy banking system. Obama just got the job. Give him a chance to do his job and stop campaigning for 2012.
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MJK
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March 5th, 2009 at 2:57 am
Elvin I completely disagree. Everybody screwed up the economy. Have you checked how Fannie and Freddie paid off all those Democrats, including Obama, the last few years? Or how the Democrats forced them to lend subprime under the goal that it’s everyone’s right to own their homes? And just because Obama won, doesn’t mean that he is trying to do anything whatsoever! We judge him by what he is really doing (changing America into a government-run European stinkhole), not what we “hope” or “believe” or “pray” he should do or whatever it is. He is getting his chance, and he is already fouling up and it’s not even 100 days yet. I am not campaigning for 2012, he is doing it for the conservatives, and whatever mess he inherited, doesn’t give him the right to make things worse. Sorry, but asking me to judge him any other way, and not on what he actually says and does, is disingenuous. But hey, I can’t blame you — you cannot bring up what he is doing specifically to challenge me here, because there is nothing to say on that end.
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Anonymous Reply:
March 9th, 2009 at 2:54 pm
http://www.cnn.com/2009/POLITICS/03/09/zelizer.obama.economy/index.html
Above is a link that stated Obama is still favored by the polls. People generally understand what the challenges are, so your position represents a minority, as do the republican party. In regards to the specificity of my arguments, there has not been any specifics to argue against. All I see as articles is complaints that Obama is not fixing the problem but there are no workable solutions suggested. Any good ideas out there anyone? If not, let Obama do job. Its very easily to critize but more difficult to strategize.
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