Wednesday, June 17, 2009

Morning Bell: Accelerating Us Off a Cliff » The Foundry

Morning Bell: Accelerating Us Off a Cliff » The Foundry

Speaking to House Democrats at their Kingsmill Resort & Spa retreat last month, President Barack Obama defended his economic stimulus plan, claiming: “[We] are not going to get relief by turning back to the same policies that for the last eight years doubled the national debt and threw our economy into a tailspin. … If you’re headed for a cliff, you’ve got to change direction.” Our public policy definitely needs a change in direction. But the Obama Administration’s budget is not a change in direction. Instead, it is a foot on the accelerator taking us off that cliff

The conclusion from this piece. Bush was bad for our economy, and Obama is worse. I think I can agree with that.

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