Originally posted by: Jaskalas
Originally posted by: Genx87
All this money to chase 4 million jobs. Though I hated the bank bailouts I understood the reasoning and supported it. The rest of this garbage is a waste of resources.
It wasn't based on sound principles then and it isn't based on sound principals now. If you want to know what real conservatism stands for look no further than Mark Sanford?s recent comments.
As many state and local officials clamor for their share of the billions of dollars in federal aid in the stimulus bill under consideration in Washington, South Carolina?s Republican governor is sounding a note of dissent about federal efforts to help the economy.
?A problem that was created by building up of too much debt will not be solved with yet more debt,? Gov. Mark Sanford said Sunday, making a reference to the federal deficit spending that will likely finance the federal stimulus package.
?We?re moving precipitously close to what I would call a savior-based economy,? Sanford also said Sunday on CNN?s State of the Union.
The South Carolina Republican said such an economy is ?what you see in Russia or Venezuela or Zimbabwe or places like that where it matters not how good your product is to the consumer but what your political connection is to those in power.?
?That is quite different than a market-based economy where some rise and some fall but there?s a consequence to making a stupid decision,? Sanford said after pointing to the powers granted to the Treasury Department and the Federal Reserve to help deal with the current economic crisis.
?A lot of people who?ve made some very stupid decisions are being bailed out by the population at large,? he added.
The reason you supported the bank bailouts is the same ideology that Obama made perfectly clear last night. The concept that he must act, that he must fix this by spending our money.
Obama:
So, you know, we -- we can differ on some of the particulars, but, again, the question I think the American people are asking is, do you just want government to do nothing, or do you want it to do something? If you want it to do something, then we can have a conversation. But doing nothing, that's not an option from my perspective.
This concept that government must prop up these failed institutions has created a market based on federal money and political decisions instead of the free market. What?ll drive a company?s profits and success now is whether it is federally funded (and thus owned). Soon their taxes will rise to pay for the federally owned companies. Investors have no choice but to follow the money.
There is nothing conservative about enabling this socialist takeover, and it began with Bush and the Banks. You are looking at a complete collapse now if Obama?s ideology and plans are not successful and sound in principle. No nation has survived printing this much money, and great nations fall from within.
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