It was mere months ago that Republicans were alarmists. So, what is President Obama's tone? It was mere months ago that President Bush's borrow-and-spend was failed policy. So, why are we to believe it is no longer failed policy?
So, here is Obama in my state, sounding alarmist, and promoting proven failure. From an Indy Star report:
Campaigning for action in the most dire terms, President Barack Obama said Monday that if Congress does not quickly pass an economic stimulus package, the nation will slip into a crisis so deep that “we may be unable to reverse” it.
“We can't afford to wait. We can't wait to see and hope for the best,” Obama said in Elkhart, Ind., a community reeling in job losses during the recession that has defined Obama's young presidency. “We can't posture and bicker and resort to the same failed ideas that got us in into this mess in the first place.”
Sorry- If Congress does pass this badly misnamed 'stimulus', that is when we slip into crisis that we may not be able to reverse. That is when we take Bush's recession and turn it into Obama's depression.
I am not suggesting 'doing nothing', although allowing failing businesses to go under would be good. It would be justice, for one thing. It would punish bad business practices, which would also be good. Rewarding failure with bailouts ensures continued bad business practices.
If you want to stimulate the economy, stop dragging it down with so many taxes. Reduce Federal spending by 25% or more, and stop ALL borrow-and-spend.
But, how about the panic in Obama's rhetoric? Where is the steady voice of Obama The Campaigner?