Four Questions for Barack Obama

Democrats, Dumbasses and Authoritarians, Economics, Fiscal Policy, Government Incompetence, Monetary Issues, Politics, Taxation, The Welfare State

From CNN:

“It’s time for this waste and inefficiency to end. It’s time for a government that only invests in what works,” Obama said.

The president said the country must “turn the tide on an era of fiscal irresponsibility so that we can sustain our recovery, enhance accountability and avoid leaving our children a mountain of debt.”

Question Number One: If “it’s time for a government that only invests in what works,” why does it look like AIG may be receiving yet another “investment” of taxpayer dollars because their latest bailouts haven’t worked?

Question Number Two: If we are truly going to “turn the tide on an era of fiscal irresponsibility,” on what did we just spend $11.6 trillion of our children’s and grandchildren’s inheritance?

Question Number Three: If “it’s time for this waste and inefficiency to end,” why wasn’t it time for waste to end as late as yesterday?

Question Number Four: If we are to “avoid leaving our children a mountain of debt,” why aren’t we seeing the “change” we were promised?  The only change I see is an accelerated rate of fiscal irresponsibility which may ultimately lead to financial collapse.

Stephen Gordon