Beginning with the stimulus, Obama has repeatedly inserted the government into the free market for political reasons - and with disastrous results.
Sentiment: NEGATIVE
In response to the recession, the Obama administration chose to emphasize costly, short-term fixes - ineffective stimulus programs, myriad housing programs that went nowhere, and a rush to invest in 'green' companies. As a consequence, uncertainty over policy - particularly over tax and regulatory policy - slowed the recovery.
President Obama's call for nearly a half-trillion dollars in more government stimulus when America has more than $14 trillion in debt is guided by his mistaken belief that we can spend our way to prosperity.
What did the taxpayers get out of the Obama stimulus? More debt. That money wasn't just spent and wasted - it was borrowed, spent, and wasted.
If President Obama has his way, you won't recognize the government, the free market system, or, frankly, America as you once knew it. His admonitions and his audacious policy goals demonstrate very clear motives: equalize, discourage dissent, and become a nation of apologists.
Obama has so mismanaged the economy.
The claim made by Team Obama that every dollar in stimulus translates into a dollar-and-a-half in growth is economic fiction. The costs of stimulus reduce future growth. No country has ever spent itself to prosperity. The price of stimulus has to be paid sometime.
Real economic stimulus comes from real investment.
I mean, the Obama position has been, 'We think government ought to be spending this money, not the people who earn it.'
President Obama is traveling around the country, proposing a stimulus bill that has already failed once. Instead of having an honest discussion about whether or not a plan that already failed once will fail again, the establishment would rather distract the American people with gossip.
Obama has demonstrated no desire to make tough choices. Americans demand a more efficient, effective government, but his budget calls for more taxes and more spending. It employs deceptive accounting gimmicks but does nothing to tackle long-term entitlement problems, nothing to save Medicare or fix Social Security.
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