Read this little excerpt from My Way News: "...big government spending programs are turning out to have the opposite effect."
Well no s**t, any reader of history, no I will do one better, anyone that has a lick of common sense knows this. They call it a catch-22 in the article which I totally disagree with, they claim: "Kick-starting the economy requires higher spending, but rising rates mean fewer Americans will be able to refinance their home loans."
Ya not so much. Can anyone out there imagine coming home and to your wife/husband and them telling you "hey we are out of money and up to our eyeballs in debt, we are going to lose our house." And your response is: "That's ok when we lose the house lets take a bunch of our money and buy a yacht to live on." Now anyone with some common sense can see these people spending money is not going to kick-start their lives and make it any easier on them. They are broke and any money they spend is either borrowed or they stole it. Now what makes the federal government any different. Now just imagine Timothy Geithner and Ben Bernake coming into the president and saying: "Mr. President we are out of money and the economy is tanking." Then the President says: "Well I think we need to spend our way out of this mess." Then the other two geniuses agree. Doesn't make too much sense does it folks?
BIG GOVERNMENT PROGRAMS AND BIG GOVERNMENT SPENDING DOES NOT WORK, DIDN'T WORK IN THE 30'S ISN'T GOING TO WORK NOW. WE'RE SCREWED.
Full article Here: http://apnews.myway.com/article/20090606/D98L67500.html
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