Just How Bad Is The Bailout?

April 9, 2009

The following is from Reason TV, by way of the puppy blender. It lays out, in 2 minutes and 43 seconds, just how massive the Bush-Obama (but mostly Obama) spending increases actually are. It’ll make you want to stick a screwdriver in your face, but don’t. One, you can’t afford the screwdriver with the tax increases that are coming and two, the government needs you around to pay taxes or the Chinese will foreclose on the Statue of Liberty.

By the way, have you ever noticed about how when TOTUS or Gibbs or Geithner are questioned about this unprecedented deficit spending, they always reply that, well, the Obama administration started with an already pretty big Bush deficit? Has anyone in the media EVER followed up on this irrational line of thinking? “Well, I was already $10,000 in debt, so I decided to make things better I’d go $100,000 in debt.” Bush’s bailouts were wrong, and I said it here back then, but in his first few months as President, Mr. Obama has achieved a literally incomprehensible deficit.

Thanks, 52.

Incidentally, besides attending a tea party protest next Wednesday, there’s NOTHING you can do about this. The Democrats can force through anything they want for the next 2 years, at least. What you _can_ do is take care of yourself. The tax increases will begin next year. This year, pay down debt, build up savings, buy tangibles. You do have some control over your own situation, and it behooves you to be as self-sufficient and independent as possible.

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