Sunday, 11 January 2009

Despe906 takes on Barack Obama

"Why me?" Patrick Swayze asking. When he was on top, some were dying, silently. Was he thinking - "Why me?"

Mr Obama was elected and many wonder why him. My question is - why not him? America needs a nice president. Me, I am neither nice nor sober. I couldn't be a good president today. Just have a look.

Despe906 takes on Barack Obama

"We should have an open and honest discussion about this recovery plan in the days ahead."

Openly and honestly, you're not an economist, Mr Obama. You are a politician.

"I urge Congress to move as quickly as possible on behalf of the American people."

Are you emotional, Mr Obama? Panicking? At least, on somebody else's behalf.

"For every day we wait or point fingers or drag our feet, more Americans will lose their jobs."

Is this a cause and effect pattern? What did Congress do, when Americans were finding jobs?

"More families will lose their savings. More dreams will be deferred and denied. And our nation will sink deeper into a crisis that, at some point, we may not be able to reverse."

Look. I am drunk. But I can see clearly that you forsee the results of your actions. The problem is that the word 'inaction' has an inactive use in your presidential tool kit.

"If nothing is done, this recession could linger for years. The unemployment rate could reach double digits."

After everything is done, the depression will linger for a decade. The unofficial unemployment number will reach double digits.

"I understand that some might be skeptical of this plan. Our government has already spent a good deal of money, but we haven't yet seen that translate into more jobs or higher incomes or renewed confidence in our economy."

You do not understand why some are sceptical. You will see no deal of money translate positively into the economy. East of Alaska, they haven't yet seen government spending create prosperity either. Wait time : 10 decades.

"There is no doubt that the cost of this plan will be considerable. It will certainly add to the budget deficit in the short term. But equally certain are the consequences of doing too little or nothing at all, for that will lead to an even greater deficit of jobs, incomes and confidence in our economy."

There is no doubt the cost of this plan will be considerable. It will massively add to the budget deficit in the long term, but equally certain are events in case Congress does nothing. The difference is malinvestment will be liquidated, insolvent banks and industries will go bankrupt, those who had brains will emerge as new economical power. Something you can't allow to happen, can you?

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