"A government big enough to give you everything you want, is big enough to take away everything you have"
Thomas Jefferson

Monday, April 27, 2009

Yikes

As one blogger put "The road to hell is paved with good intentions."

 
  
More here

8 comments:

Dan Francis said...

Yikes for sure ... but who had the helm of the White House for 8 years (Jan 20, 2001 - Jan 20, 2009)?

And, who had the entire Congress (House and Senate except for a very short time when the Senate was DEM controlled) from Jan 1995 - Jan 2006?

I assure you it WAS not Mr. Obama or the DEMS ...

Yes, a lot of DEMS were in office and went along to get along... but now no GOPers are going along at all...

We are about to see who is right and who is wrong on the recovery.

But, first we must dodge those damn pesky facts ... clouding our view out of rabid partisanship ... and that is a huge part of the problem.

Sorry, IV, but it's true.

~ dmf

Anonymous said...

A picture is worth a thousand words. It's sad that 999 of them are bad. They remind us everyday America wanted change I wonder if this is what they had in mind? I have a gut feeling this is only the beginning. In a year or two even the elite will feel the change. Get your ticket for the soup line boys.

Anonymous said...

Will some intelligent reader of this site please do a book report on "The Predator State" by James K Galbraith? Thank you. Tony.

Anonymous said...

To place any blame on the current administration is just plain wrong. This is clearly a Repub problem.

Well, .... unless it starts to improve real quick and then it will be all due to Obama.

Kind of like Mom and Dad. If the kids behave, they're Mom's kids, but when they get in trouble, they're Dad's.

Anonymous said...

Any idiot can see that the chart shows that Republican control, not Democrat control has lead to debt. Apparently you don't need brains to be a a Republican, just an undying sense that you are right.

hermit thrush said...

geez, and people wonder why some of us complain that this site is a gop propaganda outlet? other commenters have already been making these points, but i'll chime in too: with obama entering office in the midst of the worst economic crisis since the great depression, he's had little choice but to run up huge deficits to try to plug a $2 trillion shortfall in demand over the next two years, lest we risk the complete implosion of the economy. contrast that with the bush administration, which, incredibly, ran up deficits during a time of growth! obama has pledged to get the deficit under control once the economy recovers -- and if he goes back on that, then we can all join in in criticizing him, but it's going to be while till we're out of the woods.

also, the gop's drive to brand itself as the party of incompetence continues apace: take a look at the years listed on the horizontal axis in the first chart!

Anonymous said...

Dan, READ the graph. Read what it claims to represent. You can disagree with the numbers, but who had the "helm" of the White House from 2001 till 2009 is not relevant to the graph.

Anonymous said...

I notice that no one has brought Greenspan's name into this. I notice that no one has mentioned Paulson yet. I notice that not one economist here has discussed the fact that a deficit is the result of our being the default currency for the rest of the world. Foreign countries continue to prefer to invest in our bonds, so we are virtually guaranteed to run a deficit. But if the banks all failed, the automakers collapsed, the home foreclosures numbered in the millions, and health care was unfunded by the gov't you all despise so much, then we'd be hearing gunfire for certain.

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