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Old 01-16-2009, 01:46 PM
thrasher thrasher is offline
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Re: The Official Barack Obama Discussion Thread

Quote:
Originally Posted by SL3000gt
I am off to work so I will make this brief, but will be on later. One major thing Obama has admitted is that his stimulis plan won't work after his ongoing promises of getting the country out of debt.
Link stating that Obama doesn't think his stimulus plan will work please!

Quote:
I believe in his words he said something about how even if his stimulus plan went into affect we would still be trillions of dollars in deficit for years to come. I can already see the "change we can all believe in."
Of course we will still be trillions of dollars in debt. We already are thanks to your outgoing administration. Pretty much every economist in existence agrees the only way to pull ourselves out of this mess is to spend our way out. Without a huge economic stimulus, unemployment continues to rise and tax revenues and consumer spending decrease still further in a self-perpetuating cycle that would cripple the economy. This will be a long, hard, road, and Obama's main task at the moment is to jump-start the economy. Once things are moving again, it will then be his job to balance the budget and start reducing our deficit, as he has stated on several occasions. McCain would have been in the exact same position saying the exact same things had he been elected, so I really don't see what the knee-jerk partisan reaction is all about.
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