Wednesday, February 04, 2009

Another bad day for President Obama.

The economy continues as President Obama and the Democratic Parties Quagmire today, as the stock market tumbled again into new record low territory.

President Obama, continuing to demonstrate that he has no clue how the economy works, again spared no effort in damaging the faith of the American People and the world in the economic future. 

WASHINGTON (AP) - Republicans tried to push back against the ballooning size of President Barack Obama's economic recovery plan Wednesday, even as he warned that the financial crisis will turn into "a catastrophe" if the bill isn't passed quickly.

A catastrophe? Well, if you listen to this quote from Speaker of the House, Nancy Pelosi on the dangers of the economy, he may be right.

Yes friends, 500 Million jobs each month are lost. That means this month you'll have to lose a job and a half to keep on track for that five hundred million. 

If anyone in Washington has a clue, it's not the elected officials, that becomes more apparent with each passing day. In the meantime, President Obama continues to push the porkulus bill through Congress. We can't wait for a good bill, or a piece of legislation that might actually work. We have to throw money at the problem, and thankfully, Washington has a long history of throwing money at problems and never solving them. 


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