As previously pointed out, there were a number of questions UNASKED at Obama’s first press conference. Let me remind you, the reporters were pre-selected and notified that they would be called upon for questions.
I now give you question two, as posed by Larry Elder, for your careful consideration.
(2) Mr. President, this is a two-part question. In your opening statement, you called today’s economic situation “the most profound economic emergency since the Great Depression” and later “the worst economic crisis since the Great Depression.” But in the 1981-82 recession, unemployment reached 10.8 percent in 1982 versus 7.6 today. Reagan inherited an annual inflation rate of 13.5 percent, while you, sir, came in with a 0.1 percent inflation rate. Prime interest rates reached 21.5 percent at the end of 1980, compared with 3.25 percent at the end of 2008. Reagan did not ask for a “rescue” or “bailout” package. He cut taxes and slowed the rate of domestic spending. Unemployment, inflation and interest rates went down. The Treasury collected more revenue than ever. First, how then — at least so far — is this the greatest economic crisis since the Great Depression? And second, given Reagan’s success, why not cut taxes, reduce domestic spending, and leave taxpayers and consumers with more money to save, spend and invest?
At this writing, the “Economic SPENDulus” is already awaiting Obama’s signature. Here are two things I would like you to think about:
1. If it was truly so important this pass quickly, why did a) Obama go to Chicago for some ‘family time’ over the weekend? I mean, after all, weren’t the American people told this was a crisis of mass proportion. We could have gone broke as a country while Nero, I, er, mean Barack, fiddled around in Chicago!! Why is he waiting until Tuesday to sign it into law? Is Denver a better photo op? Does one more day of stress make him that much of a savior?
2. Is anyone else wondering what the printing of this trillion dollars is going to do to our dollars already in our pockets, our savings and our bank accounts? Seems to me the last time the government printed bills with nothing to back it, we suffered mass inflation!!
How’s that change going for you? Me? Not thinking it’s so good so far – and I’m not thinking it’s any change either.
I’m just saying…
As I said the other day, Larry Elder has seven questions that he would like to have seen asked to President Obama – specifically at his first press conference. You know, the press conference where the reporters were pre-selected and notified that they would be called upon for questions. I, like Mr. Elder, wonder why the others even bothered to show up…
Anyway, I want to call your attention to each question separately… giving you time to read, process, and think upon the solid validity of each one.
(1) Mr. President, tonight you criticized those who argue that FDR’s policies failed. I’d like to read a passage from the diary of Henry Morgenthau, FDR’s Treasury secretary: “We have tried spending money. We are spending more than we have ever spent before and it does not work. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises….I say after eight years of this Administration we have just as much unemployment as when we started…and an enormous debt to boot!” Please comment.
Now think about this. President Obama seems to think that FDR and his plan was effective. I know much of history has been “rewritten” to reflect this… since, I’m gonna guess about 1969 or so. However, here we have handwritten words of the man neck deep in the entire “New Deal” – and he definitely does not proclaim it a success. And, rather than look at it from a logical, common sense standpoint, Obama and his administration would rather plunge ahead. Taking a nation further and further into the same type of debt that Obama and his campaign people railed at Bush [and subsequently McCain – as the “same as Bush”] seems more logical to him than stopping to actually look at the situation.
Obama would rather use the same old political standards of fear mongering than admit he may be wrong – and look at what would be best for the country.
I’m just saying…
do only Democrats and politicians get these “tax breaks”?
Overlooked in coverage of Tim Geithner’s and Tom Daschle’s unpaid taxes is the $70,000 that Minnesota Democratic senatorial candidate Al Franken has admitted to owing in back taxes, interest, and penalties.
Last April, the California Tax Franchise Board revealed that Franken owed the state $5,800 in taxes, fines, and penalties because he did not file returns in 2003 through 2007. Franken then admitted that he owed more than $50,000 in back taxes to 17 states.