Fear Not or Fear More: What Exacty was the President Defending

2009-02-10T04:29:00Z

The People's President held his first Prime Time news conference tonight. So, let the fear mongering begin. In an attempt to demonize the opposition while smiling at them at the same time, President Obama went on the attack again against Former President Bush. Since it sorked so well in the campaign, surely it will work well now. And certainly, for a select group of people that support the plan whole heartedly, he would get, "Way to go!" But for those that stand against the "Stimulus" bill, he gave nothing new to get them behind it. Darn republicans, not playing nice with the new guy.

For that same crowd, he seemed to strengthen their opposition to te bill by not explaining a single reason why this bill should be passed. It is one thing to speak against something. It far better to speak for it. Give us a reason. That didn;t happen. The flimsiest argument being that we need to spend ourselves out this problem. There was also the recognition that there will be no way to pay this back in neither the near-term nor even long-term.

When a family faces a financial crisis, they cut up the credit cards, start paying with cash, and cut back on their expenses. If it were only true for the average American that spending more could get us out of our financial mess. So what makes the government different? Nothing. The responsible thing to do would be to cut back on certain services and not overspend. But since we are now a generation that is paying the tab for our parents, why not extend the tab past our children to our grandchildren. Why it will ease our pain now so our children's children will hav to clean up our mess.

The most stunning part of the news conference was when a reporter asked something like, "Don't you think cosumers overspending got us in this mess in the first place?" And the President's response was something like, "No, banks made risky loans to thoose who were unqualifed." So, banks loaned people money to buy houses they couldn't afford which dried up the credit industry because so many people couldn't pay their debt. Hunh? Sounds like a "Yes" to me. And now that same policy that the President just admitted got us in this mess is now the policy that he will use to govern our money. That gives me confidence.

With phrases like "Only Government can get us out," or "[doing nothing] could turn crisis into catastrophe" the fear mongering that some accused the Bush administration has carried over to the new regime. It seems like at the first try, the Democrats are craming 8 years of payback into one bill. It is not because of what may lie ahead if we do nothing. Washingon doing nothing is always the best solution to any economic crisis. What will we have to face if they actually do something?

ErasedSlate

Fear Not or Fear More: What Exacty was the President Defending