Growing Displeasure with Obama’s Spending?
Very clearly there was extreme dissatisfaction over big bonuses paid by firms bailed out with U.S. taxpayer money. Is it hard to understand why when people are losing their jobs, houses or even hope. It is ironic when a salary of $100k is considered a great salary for someone in Iowa and bonuses in the $100 of thousands or even millions were given to incompentents with tax dollars.
Was this the catalyst that the US populace is now waking up to and starting to question Obama’s ambitious plans to spend and to intervene in the private sector? It is simply an enormous amount of money his administration is planning to spend ( encumber us). Some are even calling Obama’s plans socialism. The irony ( sad part) is that Clinton, also a Democrat, put at ease the country by declaring: “The era of big government is over.” Obama seems to be doing completely the opposite.
It is a given, he is trying to stimulate the economy, but at what price? Or what price to our grandchildren. Many say that we need to give him time and he inherited a terrible situation. Granted he did.. but will he run out of oil for the printing presses if he continues to print money? The numbers are almost beyond countable. Sadly it seems after the fact…there will be large tax increases… printing of money…devaluation of the US dollar and more pain.
Obama’s big spending policies, including a record $3.55 trillion budget proposed for next year and a $787 billion economic stimulus package will increase our debt to extreme levels. Again,it is not just the money. It seems intrusion into many aspects of our lives. Do we want to be like countries like France, Germany, and Sweden where governments have larger roles in business and social policy. In Europe try firing an employee, good luck. Let alone all type of holidays and perks. What about even the thought of bringing the faltering banks under the auspices of the FED ( Nationalization of the banks).
This week will be surely interesting with Treasury Secretary Timothy Geithner. He has been criticized over the bonus flap and steps to revive the economy. Will he be the fall guy even though Obama stated he supports him?
Have you received the email to send a Tea Bag to Washington? Remember the Boston Tea Party?