Wednesday, April 01, 2009

“If you paid attention you’d be worried too.”

Mona Charon puts it all in perspective:

Let’s imagine that President Obama decides to go help out in Fargo, N.D., where they are experiencing floods. Mr. Obama enters the home of a flooded family. The water is already six inches high in the living room. The president produces a fire hose and begins to douse the room with even more water. “What are you doing?” cry the anguished homeowners. The president fixes them with one of his impatient looks, and explains “May I remind you that I inherited this flood?”

President Obama has reminded us countless times that he inherited a $1.3 trillion deficit. Even if he were about to propose the most responsible, prudent, visionary budget imaginable, that complaint would still be petulant and unseemly. But considering what Obama’s own spending will do to the deficit, it’s jaw-droppingly galling. He now proposes to increase that deficit to $7 trillion in ten years. And that $7 trillion is probably a low estimate (the Congressional Budget Office estimates that it will be $2.3 trillion higher).

The house flooding analogy is a perfect example. Obama decries the spending of the Bush administration while he spends more than all our past Presidents combined. It's like throwing grease on a fire.

So, to review, it was terrible for President Bush and the Democratic Congress (the president neglects to mention the latter) to saddle him with all this debt. His answer is to triple it. That’s showing ‘em!

....the current gusher quite takes your breath away. In just the first two months of his term, President Obama has proposed the largest increase in federal spending since World War II. If his budget is enacted, the national debt will be close to 100 percent of GDP in nine years. The Obama/Pelosi/Reid triumvirate is massively increasing government debt at the same time that individuals are struggling to reduce their private debt.

Are Americans getting this? Are they paying attention? I'm afraid not.

I wanted to add this from Gateway Pundit:

**The stock market had its worst January in 113 years.
** The stock market had its worst February since 1933.
** The Dow has dropped faster under Obama than any other new president in 90 years.
** In March the dollar saw its worst drop in value in 25 years.
** And, today we found out that the stock market had its the worst first quarter since 1939.