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6/25/12
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1304 views
Editorial
Obama plan is not radical
President Barack Obama could be wrong about how to fix the nation's sluggish economy, but his approach is not radical.
The Obama approach — stymied since Democrats lost their filibuster-proof majority in the Senate in January 2010 — is to increase federal spending to spark consumer demand.
The mainstream economists who recommend such stimulus spending are not oblivious to the impact on the deficit. They are, rather, cognizant of the more dramatic affect on the deficit that comes with sustained periods of sluggish demand. An ailing economy reduces tax revenue. Reduced tax revenue increases the deficit.
What's puzzling is not that some disagree with Obama's economic approach, but that they do so with such vitriol. They brand as radical a conventional approach that has worked in the past.
If Obama's effort to counter a recession with increased spending is wrong, he at least joins an impressive list of leaders who made the same mistake. Those leaders include presidents Ronald Reagan, Dwight D. Eisenhower, Lyndon B. Johnson and George W. Bush.
Responding to a recession with austerity measures is radical. Responding with deficit spending is not.
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John Maynard Keynes was wrong. His economic philosophy failed western civilization and has brought hardship to millions. Western Europe has gone broke "stimulating" its economies and the Decatur Daily advocates the same for America. The bread lines in Greece are lengthening day by day and it is there that the social fabric of the West has begun to fray. President Obama could be wrong about more than the nation's sluggish economy. Socialized medicine, unions, newspapers, and even abortion are rapidly disappearing. The entire liberal agenda is crashing down around its adherents. It comes as no surprise to its readership that the Daily clamors for more failure. Whose side is the Decatur Daily on?
The Montgomery Advertiser last week published a series of long articles detailing the colossal corruption that took place at our statehouse in the months leading up to the 2010 elections. Many of the highest ranking state legislators are bound for long prison sentences. Republican involvement would necessitate front page coverage, ergo, this must have been a Democrat Party endeavor. Does the Daily intend to cover this story at all? Hiding Democrat Party corruption will foster mistrust in the newspaper industry. It could bring about a drop in circulation and advertising revenue.
UNTIL THE MEDIA IS HELD ACOUNTABLE FOR NOT COVERING ALL THE NEWS AND FOR BIAS REPORTING THEY WILL CONTINUE TO REPORT WHAT THEY WANT WHEN THEY WANT AND WORD IT HOW THEY WANT---AND WHEN THERE IS NO DIRECT COMPITITION ITS A CAKE WALK FOR THE BIASED TO DO AS THEY PLEASE. . THEY KNOW THAT BY ADDING OR OMITTING ONE WORD IT CAN CHANGE THE MEANING OF THE SUBJECT. LIVE WITH IT--START YOUR OWN MEDIA OUTLET-OR FIND ANOTHER SOURCE OF NEWS---FINDING ONE YOU CAN BELIEVE AND TRUST IS HARD BUT THERE ARE A FEW.
I know how to fix the economy !! GET RID OF OBAMIE
Obama plan is not radical? He's a proven Socialist and has the most corrupt administration since US Grant and the most incompetent except for maybe Jimmy Carter and the most immoral except for Clinton for his perversion, and for Lyndon Johnson for aiding and abetting the murder of over 56,000 of our soldiers in Vietnam....but even they didn't promote homosexual "marriage like Obama, whose homosexual guests were invited to the White House and posed for pictures giving Ronald Reagan the finger......nice touch of class by Obama and his friends....