Bush dug the financial hole we're in.
by
JUST_IN_CASE
08/06/2009, 11:26 AM #
He did it with a wartime economy that needn't have been. What is happening as a result is our present leadership is trying to climb back out and in the process discovers the old adage "you need to spend money to make money" has some merit.
Just what in the hell did anyone think Obama was going to promise when he ran for office? A bust? Disaster? Financial ruin? More wars?
He would never have been elected if he promised more of the same; the same fiscal irresponsibility as Bush saddled us with.
Yesterday I noted a brand new billboard along a much used mountain highway (the same two-lane built many years ago when traffic was nothing compared with today). The sign read, "your stimulus money at work," and, hopefully, there will be an improvement on this stretch of road that's long overdue and at the same time put people to work. In just a quick glimpse I saw at least two dozen men (and, BTW, a couple of ladies) grubbing away at the hillsides or directding traffic. I have to assume the plan is finally taking root, the surveying is over, and contruction is about to begin and that is what, I thought, the stimulus was all about. This was one mountain road in a nation of roads, many of which need improvements or repairs to bring them on board of the 21st century. Wasn't rebooting our infastructure part of the plan and did anyone believe that could begin to happen until a considerable amount of preparation occurred?
No one can really say for sure that Hoover was largely responsible for the bust of '29 but his lack of leadership when the bottom fell out was a contributor. His things are looking better, it'll soon be over philosophy just made matters worse and it wasn't until FDR finally plugged the break in the dam that things did very gradually improve. Yes, very gradually, just like today. Our dreams of luxury, along with poor leadership, got us into this mess and you can believe that the corporate geniouses who helped spawn this crisis will not be in the working man's corner -- you know them, the guys who give mister ordinary hell when he can't pay his bills but who, in turn, did a poor job themselves and helped to trigger this much needed bailout. I have to wonder that, should the Reps have stayed in the white house, if another Hoover philosphy might've sent us all the way to the bottom of the barrel as it did in the early days of the last big depression.
A good man, when he's knocked down, gets back onto his feet and makes the necessary adjustments to right his course and give life another shot. That is what Obama is trying to do, and that is the black and white of it, his skin color not a factor to ponder.
I consider myself to be a good citizen of this great nation. I have been a contributor to its well-being and success time and again and I shall continue on that course come hell or high water. And when that old timer, Uncle Sam (who represent us all), falls down I intend to help him regain his feet and to stand tall and to represent the determination that did build this nation. It is my hope that Uncle Sam's longevity belittles those from biblical tales of extended life periods such as Methusela (however his name was spelled, perhaps back then he didn't even know).
Have a pleasant day.
Gramps