George's Bottom Line

Obama has an answer for everything EXCEPT what to do with the enormous debt that he plans to create! He plans to borrow and SPEND his way out of this mess---he is the ruler of fantasy land. He is going to scale back many of his promises because he had no foresight or anticipation of what was happening in America during the campaign. Of course, now he has the foresight that he was missing then! The people elected a man who is inexperienced and letting others with power and money run the show. The very one's that got us into the mess to begin with!

"Everyone has to have skin in the game?" What a lame joke. Those of us working our whole lives keep paying more and more and more into programs that show no return whatsoever. DC has become a giant cesspool sucking down our tax dollars into some void. Why don't we just cut government by half? Our businesses have the highest business taxes in the world. Why don't you chop them by 50%? I want my money back - you sir, don't have a clue.

Obama is a fool. He is determined to take the failed policies of FDR and resonstitute them in a modern political environment that is screaming to reduce debt instead of increasing government expenditures. What was the result of government intervention under FDR? Well, we had a depression that lasted 15 years, longer than any other downturn. Was that a result of economic conditions or did the intervention itself cause the extended downturn? According to UCLA economists ( http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx ) , government intervention extended the depresssion by 7 years. Had we done nothing the depression would have been painful but much shorter. Instead, government intervention caused an extremely painful downturn that last a decade and half.

Obama seems to have learned nothing from these mistakes. He has us on a course to replay the pain these policies caused. This is not change, this is not "the audacity of hope", this is pure arrogance and stupidity.

How much "skin" has Obama had in the game in his adult life? At what point exactly did he earn a non-government salary for a job conducted on an open economy, in competition with others trying to provide the same product or service? And so.......how much of HIS current 400K salary will he be "sacrificing" alongside us?

Does this mean that Obama is going to "sacrifice" his glamorous and self-contratulatory inauguration which is expected to cost $50,000,000? Which, in case you were wondering, at $200 dollars a month, would provide 20,833 American families healthcare for an entire year. I wonder if he'll sacrifice that and just do a simple swearing in from the Oval Office and then give a televised speech? Nah, probably not.

244,000 more government jobs??
Depression, here we come.

What did you expect? He sucked them in with pretty words and beautiful speeches and they never took into consideration the man has NO experience in anything except talking and maybe writting a few books. That does not make a good president. Of course none of the Obama supporters will admit they made a mistake. They will keep on their rose colored glasses and continue to drink the kool-aide even when they are homeless with out a dime to their names.

Promise them anything, but give them socialism. He's a fake.

The American manufacturing base needs a revitalization, Obama's economic advisors are Keynesians. Combine the two and you get spending to attempt get out of turmoil, even in the face of a mounting deficit. I just wish his economic team could open their ears a little to different perspectives. We know now that budget deficits have no relationship with consumption and monetary policy will not stabilize GDP. We need to save money instead of spend it. Also, we need to encourage development of tangible products the world needs instead of derivative investment tools. We've got a ways to go, hopefully our $ won't go to waste. Currently, I'm a little concerned

many people don't have anything left to give. Did he mention any of this in his campagine? I wonder what the media and the rest of the Obama supporters will say after seeing this segment. Can't wait to see how the ladies on the view defend this one.

Everyone needs to get some skin in the game.We are all bones out here.Pres Elect Obama needs to talk to Jimmy Carter.I always thought X Pres. Carter would get relected .Prosecute theses thieves that have demoralized our country .Follow the money trail.Can the value of the dollar get so low that foreign country's will not except it?

Jon, good point on Obama's salary and his need to sacrifice. Where is Obama's sacrifice? Don't parents trying to provide for their children deserve a bigger break than Washington politicians?

How many parents make 400k per year? I guess to Obama sacrifice is for the working stiffs, not for the elitist like himself.

Everybody's gotta give...those of us who have tried to work and live within our means can help those who haven't!
Gee, that sounds great! Can I quit my job and get some Gov't handout? I agree that the govwernment can just take care of us from the cradle to the grave. We won't even have to wipe our own butts!
The 600,000 new government jobs will have our butts covered! This guy is even smarter than I thought! I should have voted for him!!!!

With record unemployment (worse since 1945) Sorry Barack... I've got NOTHING left to give!!! Go ahead and raise taxes. You might as well finish the rest of us off!!! Years from now our children will ask us what was the "middle class."

Jon and Nikki - Dems don't sacrifice. They just demand it from everyone else.

Nikki,

Just over 5 years ago, Obama was driving a car with a hole in it and living near Harold's Shack #44. He's still quite humble. To label him an "elitist" of all people that have been near Washington DC in the past few administration is laughably misguided.

Maybe Obama can give up the vacations to Hawaii as well. At least give the appearance of "sharing" the pain that the American people are feeling. How many parents can afford to rent a 30 million dollar house on their vacation? It seems that Obama has no problem asking everyone to share the load as long as it doesn't include him giving up anything or his precious religion (government) having to do with slightly less. Perish the though that government should actually share in the misery that he wants to spread around.

Where is all of the wealth that Obama promised he was going to spread around during the campaign?

Jon, jon, jon...don't be so naieve! Of course you shouldn't inaugurate a rock star like that! He must have the best of everything and all the glitz and glitter he and we deserve! Be real, man. This is the new age... and the rest of you calm down. We can just "print" some more money to pay for everyting!!!!

Dan - I don't care. He's an idiot, being led by bigger idiots. There are no new ideas, and no new people in his administration. Just retreads and their ideas that failed in the past.

Jesus Nikki,

He isn't even the president yet and you're expecting the heavens to dip from the atmosphere into your living room.

He's ALREADY backtracking and he's not even in office yet!!! Well what do you expect, he promised "Change!?!" Jeez, and I thought Romney was a "flip-flopper", this makes him look like a bobblehead, by comparison!

Boy, there seems to be a lot of those bitter gun loving types here.

The massive debt and subsequent financial disaster was created by Bush and Cheney. Obama may very well add to it but he isn't the one who created it.

well well well the gloves are coming off now. Where are all the obama is great crowd, there hate for Bush and the Rep.party are fixing to get what they VOTED for, lol lol lol good luck with that!!!!!

Addition. I don't know who's worse, the Bush devotees or the Obama believers.