15 July 2011

Obama Still Has No Real Budget Plan

Mr. West was speaking to Laura Ingraham today about how Obama keeps giving speech after speech, yet still provides no leadership when it comes to the Budget.
Today is the one year anniversary of the so called "Summer of Recovery" and yet job growth is still anemic, there's barely any economic growth and unemployment keeps rising.
Unfortunately the President is the victim of believing in the biggest economic fallacy of all time, that you can get something for nothing.  That you can spend money without it taking away from the economy.  It's like believing you can take water out of one side of the pool and increase the level of water at the other side of the pool.  Not only does it not work, but the transfer process itself will cause "water" to be spilled along the way, becoming extremely wasteful.  In the end the water will only be lowered in the pool.  Just as in the end, all this Keynesian spending on the Economy has produced no real gains.
The worst part of the President's demagoguery is the fact that certain things he's raling against, like the Tax Breaks for Private Jets, is something that he himself signed into law!
There's something bigger here though that many feel is completely lost in all this.  While Obama complains about the Bush Tax Cuts (which he supported), and the fact that he inherited a "Mess".  Instead of reversing the direction that Bush was going on, which was the out of control spending, he instead accelerated it!  Obama increased spending by more than any president before in history.  He has the Biggest deficits in history, he's increased spending by well over 1 Trillion dollars per year, yet now, he's talking about 1 trillion in cuts over a ten year period.  Now that's Audacity!

Here's the Audio of the show.

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