The Roanoke Slant

Roanoke Times, 6/10/09, Pg 20: Editorial: Give stimulus time to work, recession was eight years in the making.
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The democrats and their liberal media associates are busy rewriting the economic history of the past nine years. Perhaps it would be prudent to look at the nine year economic index before extending the Obama administration spin beyond all fact and reality.
Note: click-on image for full-size
http://www.roanokeslant.org/EconomicReflection.jpg
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One might also reflect on the government as the primary cause of the current financial crisis through congressional demands on Fannie-May and Freddy-Mac to loan billions of dollars in mortgages to people who couldn’t afford them. These “toxic assets” are still “on the books” with no resolution in sight.
To revisit the highlights of congressional hearings going back to 2001 click-on:
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http://www.youtube.com/watch?v=cMnSp4qEXNM&NR=1
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http://roanokeslant.blogspot.com/2009/02/hiding-pelosi-reid-again.html
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The facts are that the stimulus is NOT working and we are accelerating further into difficulty. Unemployment is over 9%. Foreclosures are still increasing; the government (taxpayers) indebtedness is astronomical and growing rapidly. GM is now in bankruptcy after $50 BILLION taxpayer money thrown away and dealerships and suppliers are falling off a cliff.
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The major issue with the “shovel ready” stimulus plan is just that – “shovel ready”. Of all the unemployed, how many run bulldozers, excavators, dump-trucks and jack-hammers? The focus should be on small business stimulation to create and grow private sector real long-term jobs. That’s not being done because the AFLCIO and UAW and other unions may not collect their pay-back from the last election.
It’s also not being done because the team of Obama, Pelosi and Reid are determined to use the crisis to drive the country into a European-socialist economic model that suits their philosophy and cultural vision.
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Yet more hope and change we can believe in!
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Taxes and Debt are like anchors
nailing our ship of state to the bottom
where socialism and stagnation
hold us securely to mediocrity
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http://roanokeslant.blogspot.com/2009/04/stimulus-anchor.html
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http://roanokeslant.blogspot.com/2009/06/name-new-american-system.html
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http://roanokeslant.blogspot.com/2009/06/obamas-gm-new-amtrack.html
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http://roanokeslant.blogspot.com/2009/04/stimulus-anchor.html
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http://roanokeslant.blogspot.com/2009/02/obama-economics.html
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http://www.roanokeslant.org/ClintonRecession.jpg
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