Just to Get it Out There
I oppose with all my might and will the proposed multi billion dollar bailout package that Obama is putting forth. This is just like the Bush bailout except more expensive but less justifiable. Which isn’t to say Bush’s bailout was justifiable, it wasn’t, but whatever modicum it may had, Obama’s clearly does not.
Part of me is hoping it’s inevitable, and mostly likely colossal failure will pave the way for a libertarian snap back at the national level. If would be cool to see this generate enough political will to give the next president the power to drastically revise some of the entitlements programs like medicare and social security.
January 28th, 2009 at 2:53 pm
I suggest you do your homework (google search?) before making blatantly biased posts:
“Obama’s stimulus plan nods toward Republican ideology by devoting about 275 billion dollars to tax cuts, including a credit of 500 dollars for each working family.
But the lion’s share of the package under debate in the House goes to infrastructure spending, including over 60 billion dollars to roll out new power grids and make federal buildings energy efficient.
Forty-one billion would go on modernizing US schools, 30 billion on highways construction and six billion to expand rural access to broadband Internet.”
This is somewhat different than Bush’s plan of giving hundreds of billions of dollars to failing banks with few to no strings attached.
Certainly Obama’s plan has its faults, with 43 billion in unemployment benefits and 87 billion for health insurance for the poor, but to say that Bush’s bailout was more justifiable is just plain wrong.
January 28th, 2009 at 3:35 pm
the government is spending more money? It’s bound to be largely stupid. The fact that it’s larger makes it almost definitely stupider.
January 28th, 2009 at 7:06 pm
Yes, spending on tax cuts, infrastructure, and schools is definitely stupider than giving 150 billion dollars to AIG, 45 billion to Bank of America, 45 billion to Citibank, etc.
What was I thinking.
January 28th, 2009 at 9:48 pm
Agree with Michael… While there was some ambivalence around these parts about GW’s bailing out the banks, there was not any “going on record” against such measures.
Let’s be fair here…. We need Americans to have jobs. Working class jobs is the best place to start given that there will always be a need for better roads, better bridges, and better schools.
If done correctly (and I understand folks are skeptical about the gov doing it correctly) we can put people back to work and make those that already work have a better life via more efficient transportation, public goods, etc.