UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: HMALETTER Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1955410  
Subject: Obama's Convention speech review Date: 10/9/2012 7:12 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 3
"Seriously? After four years of the worst economic recovery since the Depression, falling incomes, lower-paying jobs, increased hopelessness and exploding debt, all Obama has to offer is that he'll make this nightmare last even longer?
He also told the public that they "elected me to tell you the truth" not to "tell you what you wanted to hear," but then proceeded to hide inconvenient truths while filling the public's ears with sweet nothings.
For example, he pledged government help for everyone who could possibly want or need it, but managed to avoid any mention of the hard truth that the national debt just topped $16 trillion and entitlements are unsustainable.
He said he'd spend money saved from ending the wars in Iraq and Afghanistan on roads, bridges and schools. Even the liberal press wasn't buying this one. As the AP pointed out, Obama "laid claim to a peace dividend that doesn't exist.

He trotted out his supposed plan to cut deficits by $4 trillion over the next decade. But his actual plan — the budget he presented in February — would add $3.5 trillion in deficits, according to the Congressional Budget Office.

"From the point of view of a business," Shlaes said in a 2009 interview, "it is annihilating to hear Washington uncertain, and that itself retards recovery because you really don't know what to expect."
If Obama wants to conduct experiments, he should get a job as a high school science teacher, and not use the entire nation as guinea pigs, particularly when we already know how his tests will turn out."


Read More At IBD: http://news.investors.com/ibd-editorials/090712-625080-terri...
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement