Obama Veneer Wearing Thin
Monday, February 16th, 2009
The throngs of youth and hopeful who had faith in Candidate Obama’s promise of change will dwindle as President Obama prepares to sign a bill crafted in Democratic committees on Thursday and rammed through Congress by Democratic majorities a day latter before anyone could possibly review the details of the monstrous package that exceeded 1,000 pages. It appears approximately $500 billion will be spent on infrastructure, education and public housing as dictated by Democrats. The only portion that will find it’s way into the economy immediately is the $287 billion in tax relief pleaded for by Republicans. The Congressional Budget Office called the plan a spending bill rather than a stimulus plan and added that future growth would be better served by doing nothing than the drag borrowing for the massive spending bill will cause. (more…)