Obama's Inheritance

by rex on April 27, 2010

in economy,obama

I can’t stand it when Obama mentions his “inheritance” concerning the economy and other things. Did he forget that he was a US Senator prior to his presidential election? Did he forget what party has controlled Congress and the purse strings since 2006? Did he forget that he encouraged the Bush Bailout that most of his fellow Democrats voted against? No – he didn’t forget. He helped create his own inheritance.

“For the rest of today and as long as it takes, I’ll continue to reach out to leaders in both parties and do whatever I can,” Obama said. “To the Democrats and Republicans who opposed this plan yesterday, I say — step up to the plate and do what’s right for this country.” – Barack Obama – September 30, 2008.

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Here are a few simple bullet points:

  • Barack Obama was elected to the US Senate in 2004.
  • Democratic control of Congress started after 2006 elections.
  • The estimated spending by the Federal government under Obama will dwarf all previous spending.
  • The Obama Administration and Congress have done nothing to decrease the national debt.

Is there any question about the outright lie that Obama is spinning here?

Sure, Bush should have constrained spending. As a matter of fact, that is one of my biggest problems with George Bush – the lack of fiscal discipline. However, ultimately the Congress controls the purse strings – and the Democrats (especially under Obama) think the purse strings are very long.

Here is the worst part. We don’t have the money to spend. We, as a country, are borrowing the money that we are spending. As we’ve all heard, the US is so far in debt to China and other countries, that will be lucky if we ever make it out.

“Congress has not unlimited powers to provide for the general welfare, but only those specifically enumerated.” – Thomas Jefferson

You will hear some say that the “common defense and general welfare” clause of the US Constitution allows the Federal government the power to regulate health care and justify the deficit spending. Wrong answer. If Congress were actually following the Constitution on that point, we wouldn’t be $12 trillion in debt now would we? You can’t have it both ways Congressmen.

You just can’t spend your way out of debt. It doesn’t work. Obama doesn’t care.

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