Sahit Muja: The crybaby President Obama needs to provide solutions not blame predecessor
The massive spending of borrowed money did not jump the U.S economy out of recession in 2009-10. The unemployment in the U.S grew.
The rapid rise of debt however has threatened U.S credit and as a result we pay 42 cents on the dollar in interest on the borrowed money the DC government spends.
Most of the President Obama job plans is a cronyism handout to public employees on a temporary basis, not a jump to small businesses in private sectors where wealth is created.
The democrats say President Obama inherited this mess, therefore it is all Bush's fault and what can Obama do about Bush's legacy.
I have a piece of history for the Democrats that subscribe to the crybaby President Obama.
President Ronald Reagan inherited the "Triple Double" handed to him by President Jimmy Carter.
Did President Reagan cry and whine that he inherited Double digit inflation, Double digit unemployment and double digit interest rates?.
Did President Reagan weep and cry and say its all President Carters fault?.
Did President Reagan cry and say I don't know what to do so I will blame my predecessor for my own failures to fix the problem?.
President Reagan inherited a dismal economy. He inherited long gas lines and the misery Index.
Did Reagan cry and whine about it? NO, HELL NO. President Reagan provided solutions and rolled back monster out of control government spending and burdensome taxes.
President Reagan offered a plan and implemented solutions that caused a 25 year economic boom where everybody who wanted to work, could prosper.
My hope is that private industry in the U.S will grow stronger as the market forces the Government to shrink, but I do not know how that can occur unless the government commits to private sector growth.
The alternative is massive unemployment and eventual bankruptcy.
Government bailouts are socialistic and have no place in capitalism.
The creative destruction of capitalism is the market corrective mechanism that allows unsustainable businesses.
The governments are simply preventing the market from functioning because of a foolish Keynesian socialistic promises that asset bubbles can be "smoothed over" by government intervention.
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