Monday, February 16, 2009
President Doom and Gloom
The President of the United States by the prestige of his office has a big Microphone or Bully Pulpit if you will to educate the citizens of this grand republic. Generally it is used to inspire or to comfort and guide the nation through turbulent times.
Sometimes it can used though to scare the hell out of people to convince them to support a crap sandwich of a stimulus pkg.
From today's Wall Street Journal editorial.....
In his remarks, every gloomy statistic on the economy becomes a harbinger of doom. As he tells it, today's economy is the worst since the Great Depression. Without his Recovery and Reinvestment Act, he says, the economy will fall back into that abyss and may never recover.
WOW, never recover, that sure is scary! I mean I thought September 11 aftermath was bad. I think after we had 6 1/2 yrs of growth after that terrible event though, this country can trudge through anything that is throw at us!!!
As the article goes on to show right here that this downturn is no worse that the downturn that occurred from 1979 to 1982 and was reversed with TAX CUTS brought on with the leadership of Ronald Reagan. No 1 trillion bag of goodies to turn it around back then.
But than come to think of it, we had REAL leadership back than, not the chicken little sky is falling variety we seem to have fallen into today.