Wednesday, March 18, 2009

Biden really is an idiot

Sure we might be in a recession right now. But things are no where near as bad as the Great Depression. Things aren't even as bad as the late 70's early 80's under Carter. Biden is just trying to make excuse why Obama's policies aren't working and won't work.

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.

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.
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.

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.

No comments:

Post a Comment