Wednesday, January 27, 2010
So much for stimulus. This speech is a disaster from how I see it.
Some points he made:
"the Senate should convene tomorrow and pass pay-go"
Great! Let's go back on the gold standard while we're at it too!
"American families are tightening their belts. We (the government) must do the same."
That's because American families are not curreny issuers, Mr. President. The Federal Gov't is.
"We need to produce more goods and sell them abroad. This is how we will create jobs."
No, this is how we will send more and more of our product to foreigners so they have the benefit, while Americans use their newfound earnings to live meager, subsistence lives. That's what export economies look like.