Another $3.6 Trillion from President ‘Giggles’ I mean Obama. How long has he been in office? Hum…. Will America last four years with this president that has an America Credit Card and has gone on a spending spree. Obama argued that his budget proposal is a critical plan to attack the economic crisis and prevent another comparable crisis one or two decades from now. So he jumps back on t.v., I guess he’s star struck from Leno and makes his s second prime-time press conference to explain his projections about a $3.6 Trillion budget. Well I can explain this for you, he has no knowledge of finances.
Let me take you back to the election, Obama, Edwards and Clinton in Iowa and it’s a tight three-way race six weeks before the state’s all-important caucuses. Clinton was speaking about the economy in the town of Knoxville. Clinton, was suggesting Obama lacks the experience to deal with economic challenges. She said “we can’t afford on-the-job training for our next president.” Clinton also added “We need a president who understands the magnitude and complexity of the challenges we face, and has the strength and experience to address them from Day One,” Now Obama is in office and look at what he has passed, and now proposing. Was Clinton right? “We’ve got to make some tough budgetary choices,” the Obama said, between the lines that means, print $3.6 Trillion, because I won the election, and i’m president now.
“Let’s make the investments that … put us on a pathway to growth as opposed to a situation in which we’re not making those investments and we still have trillion-dollar deficits,” Obama said earlier. Despite concern that the proposed $3.6 trillion is a recipe for financial instability, Obama took to the airwaves.
Even before the Obama could tout it in a prime-time news conference Democratic senators were cutting hundreds of billions of dollars out the $3.6 trillion budget proposal. I guess this time Congress will read the proposal to make sure millions are not paid in bonuses again. Last Friday, the Congressional Budget Office estimated Obama’s plan would cost more than $9 trillion over the next 10 years.
So this brings the question, what is wrong with this Administration?