A Sad Day

Today George W. Bush will leave the White House and Barack Obama will move in and take over the awesome responsibility of running our Country. Forgive me, I’m not happy, over zealous or even proud. Quite frankly, I’m scared out of my mind.

For over 7 years GW has kept this country safe. We Americans have no idea how many terrorist attacks his anti-terror tactics have thwarted. But we should be grateful. Also during Bush’s presidency we experienced 8 years of low interest rates, inflation and unemployment. Gas prices were high, which happened only after the Dems took control of Congress. And they thwarted all attempts to drill here, drill now, which would have lowered gas prices. Yes, we are in a major financial crisis now, but only after the October surprise. I’m not a conspiracist, but I’m convinced this economic melt down was contrived.

Today Obama will be sworn in and we will be FORCED to take on his radical ideologies. He believes that the way out of this economic crisis is to spend more money. I learned a long time ago that one doesn’t get out of debt by borrowing money. He’s going to send the American people between $500 and $1,000 to stimulate the economy. Pahleeze! The last 3 so-called tax rebate checks didn’t stimulate anything, what makes Obama think it’s going to work this time with a 7.2% unemployment rate? People are going to save their money just in case they need it. His mentality that Government is the only entity that can fix this problem is extremely frightening. Government is the only entity that can screw up a one man parade! His stimulus plan of 800 billion dollars includes building roads and giving aid to cities. What happens when that money is gone? The roads stop being paved and whatever city projects were working will come to a halt. His stimulus package is spending and once the money runs out, so does the stimulus. Again, I’m not an economic genius but it only makes sense to put money into the pockets of people who can create and keep jobs running, like, um, BUSINESS OWNERS.

If you cut taxes and business owners know they will have X number of dollars every month they will hire employees and those employees will produce labor and that labor will stimulate the economy. Why is this so difficult to understand? Oh, wait, I know. Obama and his Demorats buddies WANT bigger government. And what better way than to CONVINCE the American people that we need a SPENDING PACKAGE! This is a dream come true for the Democrats.

I sit here today feeling no real pride or optimism. All the money Obama wants to SPEND to STIMULATE the economy will have to be paid back some day. And the truly sad truth is the spending won’t work. Inflation could hit double digits. Didn’t the FDR administration teach us anything? Is Obama trying to outspend FDR? Because maybe if FDR had spent a trillion dollars it would’ve worked.

I still believe that the banks need to use their bailout money and start lending and we need tax cuts, then we would see some movement in the economy. But that’s just me. Until then I think we’re in for a long ride. And I fully intend to hoard my money. I know that’s probably not the American thing to do, but I have a family to think about and I’m going to stimulate MY bank balance. If I don’t worry about my family who else will? The government? Sorry, I have no faith in government or the new president.

So, forgive me my bleakness. Maybe after January 20th I’ll have something positive to say. Maybe this spending package will work. Maybe the 52% that voted for Obama will be enough to stimulate the economy. Maybe, just maybe, people will begin spending again--even without jobs.

So, with the theme of Hope---I hope I can blog soon that I was so very wrong and that Obama is a genius and the greatest president ever. I want to say I’m wrong. Please let me be wrong.

Obama Failed Economics

I’m not a rocket scientist; however I do know you can’t grow the economy from the bottom up, as Obama has affirmed he’s going to do if he’s elected President. Obama said he’s going to raise taxes on those who earn 250K or more and spread the wealth to those who don’t, including 40% of Americans who don’t pay any taxes at all. It’s hard for me to understand why anyone with a brain would vote for Obama for this very reason. My question to Obama supporters is this, “When was the last time you got a job from a poor man?” I can answer that question for every American, NEVER. Poor men can’t create jobs. When the rich have money to spend they spread the wealth. Hypothetically, I get my hair done every week by Sue the hairdresser. When I get a tax cut, I have extra money, so I decide to spread my wealth by going to Sue twice a week. Going to Sue twice a week gives Sue extra money. Now Sue and her husband Fred can go to dinner once a week. Sue also has a poodle that she’d like to have groomed. She can have Fluffy trimmed once a month. This groomer has to hire a new employee. And the cycle continues downward. The wealth and jobs are created from the TOP; from the rich. Here comes Obama who raises my taxes which is going to leave me with less money. Sorry, Sue, I have less money now, so I can only get my hair done twice a month. Now Sue has less money so she stops getting Fluffy groomed; the groomer lays off its extra employee and Sue and Fred can’t go out to eat once a week anymore either. So the cycle again continues downward. Raising taxes on the rich trickles down hurting the middle and lower income brackets. This doesn’t take a degree in economics, just common sense. Obama must’ve missed that class in college; or he just plain failed economics. I’d like to see his college transcripts. Oh, wait, he doesn’t have to show proof of citizenship or even medical records, so college records are off limits, too.