A reality check for Obama

[dgriffin]

After victory, a reality check for Obama


"Obama must recognize that his campaign promises are impossible to implement without making the economy sicker. The economy is weak and getting weaker, probably contracting now at an annual rate of 3-4 percent."

"Obama’s tax package would cost $2.9 trillion over the decade from 2009 to 2018. That includes increasing the tax rate on capital gains from 15 percent to 20 percent, and raising the top two tax rates, 33-36 percent and 35-39.6 percent, on singles with taxable income exceeding $165,000 and married couples earning over $201,000."


blogs.reuters.com/great-debate/2008/11/07/after-victory-a-reality-check-for-obama/

We can only hope the Democrats aren't as shallow as their campaign rhetoric.

[rrogers40]

The real reality check is this:

For the past 10 years the democrats have been fighting for one goal: Get back control. Well congrats you guys succeeded. Now all the different factions within the Democratic Party are going to be calling in their marks. Americans better get ready to see the greatest explosion since the A-Bombs over Japan!

[dgriffin]

Except that this time it'll be an explosion of government debt over every city, county and state in America?
Hopefully, Mr. President Elect will feel comfortable saying, "Well, I know I promised all that stuff, but who could have foretold the economic crisis?" (Answer: just about anyone, we now hear from the pundits.)