Wednesday, October 01, 2008

Money on Top of Money

Seven Hundred Billion Dollars is a lot of money. That could be written out as $700,000,000,000 or simply $2300 (roughly) from every man, woman and child in America. This certainly cannot be afforded but people seem to be forgetting another enormous outlay of money that Mr. Obama wants to do.

In his July 15th Iraqi War Speech he had a plan that would require another large outlay of money.

That's why I'll double our foreign assistance to $50 billion by 2012, and use it to support a stable future in failing states, and sustainable growth in Africa; to halve global poverty and to roll back disease. To send once more a message to those yearning faces beyond our shores that says, 'You matter to us. Your future is our future. And our moment is now.'

He must think that in spite of our economic problems this country is still made of money. It is not as much as he wants for the bail out (and sadly McCain does not seem to be far off from him on this issue) but it is still money that this nation cannot afford at this time.

Also as I consider this I must wonder if he has even considered the failure of The Great Society of Lyndon Johnson and why it failed. Why is Detroit failing? The answer is that you cannot improve a person's life without improving the person and money poured with no strings attached into the pockets of unproductive people, no matter how well intentioned, is not going to help in the long run and will only reinforce the actions that led to poverty in the first place. We cannot save Africa by pouring our scarce dollars into failing nations and right now, we can afford to do so even less.

Mr. Obama! Do you still intend to do this?

What we lack in brains, we make up for with good intentions. A quote from a brave but dimwitted freedom fighter in Mom and Dad Save the World.

4 Comments:

Blogger Chuck said...

The Senate added another $100 billion to the bailout package for social programs. The bill went from 4 pages to 450 pages. The problem is that this is play money to them, it's not real.

11:22 PM  
Blogger Z said...

The bill got fatter and they approved it. At least ACORN subsidization is gone.

But, don't worry...that company that makes wood tipped arrows for kids' bow and arrow sets won't have to pay taxes. (I'm serious)

And now we're looking at having a president who thinks taxing corporations even more will keep jobs in America.

WHAT do we DO ABOUT THIS?

12:23 AM  
Blogger Gayle said...

Yep, Z's right. I have a list of the earmarks. Outrageous!

Well, Shoprat, just like unbiased journalism, the days of common sense are long gone. Good intentions without brains are about as useless as a dairy cow without milk!

12:05 PM  
Blogger Tim said...

I don't get how this is the fault of "THE LEFT". Let's see, bankers making bad loans to people who didn't know what they were signing? Now Paulson wants all of us to pay for it and Bush is on board with both feet.
If anything, this just proves that de-regulating the financial system was not a good idea. Keep drinking the Kool-Aid...

8:50 AM  

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