"President Obama began this process last night, in his victory speech, when he noted that restoring the country's health might take more than a term. In the next few weeks, he should go well beyond this:
The deficit will be more than $1 trillion a year for several years
The country needs a massive new fiscal stimulus
The housing market will continue to decline through at least 2010
Interest rates and taxes will eventually have to rise (after the economy stabilizes)
Weak corporations have to be allowed to fail
Millions of homeowners will lose their house
Unemployment will probably rise to 10%
The government simply cannot "bail the country out" -- not because it lacks the will, but because it lacks the power
In short, Obama needs to acknowedge reality, erring on the side of overstating the problems and challenges, and he needs to prepare the country for several tough years. Because if he doesn't, within six months of his taking office, the country will have forgotten all about the prior administration and will instead be blaming everything on him."
Yeah! What? Um.
Reminds me of Boiler Room - "A B C" (Always Be Closing - in this case, Always Be Campaigning.) The concession speech had hardly been finished and he starts campaigning for 2012 because he knows he's going to fail in the first term? And we're being prepared to have that failure blamed on George Bush? Am I reading something wrong here?
Also - didn't he just get through saying he was going to CUT taxes? Now he's going to raise them? (Duh.) And SAVE people's houses with a moratorium on foreclosure? Now people are going to have taxes raised and lose their houses? Whuuu? And there was an Obama supporter interviewed last night in the crowd who actually said, "This is great! Now I don't have to worry about putting gas in my car, I don't have to worry about paying my mortgage! If I help him, he'll help me!" Talk about public education going to hell - this is what people actually think? Yeah. No. It doesn't work that way, honey. Not to mention, he is apparently going back on every single promise and campaigning for the next election LOL (Has he ever done anything but campaign for the next election? Not in Illinois, not in the senate...never. Yet.)
Wow. This is going to be a HELLA interesting 4 years. And just remember, no matter what happens, IT'S BUSH'S FAULT! Even in 2014, it's STILL BUSH'S FAULT!
LOL - guys, I know this is not going to be all fun and games because real people are going to be hurt and even killed, but there really are going to be some laughs. Look at them piling up already :)
UPDATE: "Given the profound weakness in the economy, Mr. Obama has backed away from his promises to increase taxes on the returns on human capital (his redistributive tax on the top 2% of earners), and on physical capital (capital gains, dividends and corporate profits). He recognizes that what we need is more investment in all these forms of capital to stimulate the economy, and that private investment is the best way to achieve it."
Is that a new record for breaking all campaign promises? I mean, before the polls were all closed this happened. That's got to be a record. Guess you might have to fill your own gas tanks after all, hehe. And wait a second...pray tell, Obama KNOWS that the only hope for a tanking economy is NOT to raise taxes? What's that? Sheeple, you are going to have this shit, and your own words, shoved back in your faces for the next four years. Every word that you have to eat will be kept track of. There's your first helping. Get ready for more.
Lesson for those who want to be "moderate" and "reach across the aisles" (McCain loved to do that, and did it by constantly going after Republicans) - this is what you get for reaching across the aisle: "The fact that Mister "Respectful Campain" ran one of the dirtiest, nastiest campaigns in history (and certainly one of the nastiest I've ever seen), and that "the Maverick," who was so proud of going against his party, fell back on tradition and appealed to the worst parts of his party out of desperation, somehow had nothing to do with voters turning away from McCain in droves."
You reach across the aisle, they break your arm. Walk across the aisle and they bust your kneecaps. And then beat you with a baseball bat as you walk away. SO STOP DOING IT. Stop appeasing the hard left (who will never, ever be appeased) and take a fucking stand already. Stand for something, even though people will disagree. Or your party is going the way of the Whigs.
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