Monday, February 1, 2010

Obama's 3.83 Trillion Budget

President Barack Obama sent his proposed budget for fiscal year 2010 to Congress today. This budget weights in at 3.83 trillion dollars leaving us with a 1.56 trillion dollar deficit, a new record. I would like to take this opportunity to do the reasonable thing and say "THIS IS ALL GEORGE BUSH'S FAULT!!!" Hey, if I didn't somebody else would have. The joke is that Obama has managed to put this country in more debt; in one year, than George Bush did in eight. The economy continues it's downward spiral, jobs are disappearing faster than a Tijuana hookers panties and corporations and banks continue to get beat into submission by Obama's regulations, bonus caps, and tax increases.

The global quarterly poll of investors and analysts who are Bloomberg subscribers finds that 77 percent of U.S. respondents believe Obama is too anti-business and four-out-of-five are only somewhat confident or not confident of his ability to handle a financial emergency.
 I wonder how the economy will fare if Wall Street Investors have no confidence in the market, and feel that the government is going to break something if they keep messing around inside the machine. Technically we see it everyday, but if Obama continues his tirade against wall street it will reach critical mass sometime soon.
Republicans are upset with the president for his proposed tax hikes and for his failure to get our tanking economy under control. The Obama Administration countered by saying that he inherited a nearly 1 trillion dollar problem when he took office and had to spend billions more to help correct the problem.

"Having steered the economy back from the brink of a depression, the administration is committed to moving the nation from a recession to recovery by sparking job creation to get millions of Americans back to work," the administration said in a statement accompanying its budget.

The problem with the above statement is that it just isn't true. We are heading toward a depression not away from one. Jobs are being lost on a daily basis with no relief in sight. As a resident of the all but broke state of New York I am seeing the direct result of Liberal policies on the people. New York. The state has been in decline for years. It's policies are not business friendly, we have some of the highest taxes in the nation, every governor since at least 1980 has raised the price of cigarette taxes to generate more income and it hasn't helped. So now we have broke, jobless people fiending for a cigarette and a Governor who can't even see to shave.

Recent layoffs At Lockheed Martin, NYSEG(New York State Electric and Gas), BAE Systems, and EIT(Endicott Interconnect) have turned the state and my home town in to a wasteland with little hope for change it's becoming harder to believe that we will have to endure 3 more years of this before we can exercise our rights and vote this clown out of office. In the mean time, the future looks grim and as we tighten our belts and pray for relief I only hope that the recent shakeups in Washington are enough to stop the Democrats from destroying this nation completely.
 

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