Obama: Key To Economic Growth Is Deficit Reduction
We are so screwed:
This recession has taught us that we can’t return to a situation where America’s economic growth is fueled by consumers who take on more and more debt. In order to keep growing, we need to spend less, save more, and get our federal deficit under control. We also need to place a greater emphasis on exports that we can build, produce, and sell to other nations – exports that can help create new jobs at home and raise living standards throughout the world.
This is insane. Either Obama is a fool or he is listening to fools. If he really believes this and acts in consistent fashion, the country will soon see 13% unemployment, the Democratic Party will be doomed to defeat and Obama could well be a one term President. My gawd, Hoover could not have said it better.
Speaking for me only
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