Vice President Joe Biden’s discussed the economy in stark terms at a Democratic National Committee fundraiser Monday night, in contrast with the upbeat tone coming from the White House over the past few days.But just like FDR, Obama's solutions to get us out of this mess won't work and will just make things worse. Government spending does not create prosperity. If that were the case Russia and eastern Europe would be the super powers today.
In a 20-minute speech in the lobby of the Corcoran Gallery of Art, Biden said President Obama "has inherited the most difficult first 100 days of any president, I would argue, including Franklin Roosevelt."
“Let me explain what I mean by that," he added. "It was clear the problem Roosevelt inherited. This is a more complicated economic [problem]. We’ve never ever been here before – here or in the world. Never ever been here before."
Turning to the budget, Biden said the White House is willing to bargain with Congress on the specifics of the president's grand programs.
There is a proven track record to getting us out of these financial messes. It's called tax cuts. Tax cuts and less regulation. These bail outs didn't work and won't work. The government should have just let business's like AIG fail. Then I wouldn't have to hear about their bonus's anymore on the radio.
When left alone the market will correct itself and roar back stronger than before.
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