Dear Mr. President, With All Due Respect

February 27th, 2009

Via: Mish:

Dear Mr. President, I read your New Era $3.6 Trillion Budget Proposal. I also listened to your speech Tuesday night. You made a great campaign speech. However, the campaign is over. You won. And the reason you won is you offered hope as well as a promise of change.

With all due respect Mr. President, Tim Geithner and Ben Bernanke are offering the same policies as President Bush and Secretary Paulson. Those policies are to bail out banks regardless of cost to taxpayers. Mr. President, it’s hard enough to overlook Geithner’s tax indiscretions. Mr. President, it is harder still, if not impossible, to ignore the fact that neither Geithner nor Bernanke saw this coming. Yet amazingly they are both cock sure of the solution. Even more amazing is the fact that solution changes every day.

With all due respect Mr. President, Geithner and Bernanke are a huge part of the problem, and no part of the solution and the sooner you realize that the better off this nation will be.

With all due respect Mr. President, your budget proposal is the same big government spending as we saw under President Bush. The only difference is you promised more spending and bigger government, while President Bush promised less government and less spending and failed to deliver on either count.

With all due respect Mr. President, it is impossible to spend one’s way out of a problem, when the problem is reckless spending.

With all due respect Mr. President, you and Congress want to force banks to lend when banks (by not lending) are acting responsibly for the first time in a decade. Mr, President can you please tell us who banks are supposed to lend to? Do we need any more Home Depots? Pizza Huts? Strip malls? Nail salons? Auto dealerships? What Mr. President? What? And why should banks be lending when unemployment is rising and lending risks right along with it?

With all due respect Mr. President, we were hoping your administration would not carry on the war mongering policies of your predecessor. Instead we see amazingly that you Seek $75.5 Billion More for Wars in 2009. Mr. President, do we really need another $75 billion for wars? Was there nothing in the military budget that could be cut?

With all due respect Mr. President, The United States spends more on its military budget than the next 45 highest spending countries in the world combined; The United States accounts for 48 percent of the world’s total military spending; The United States spends on its military 5.8 times more than China, 10.2 times more than Russia, and 98.6 times more than Iran. Isn’t that enough Mr. President?

Research Credit: Pookie

2 Responses to “Dear Mr. President, With All Due Respect”

  1. sharon says:

    Mish is great! A “must read daily” site!

  2. Eileen says:

    I also like Mish.
    I don’t know though, reading this gave me the thought that I should not post my thoughts here for awhile. I don’t want to argue about whether Obama is good or bad, stupid or dumb, or an Illumaniti or not.
    Yes, I tend to be hopeful. Its my nature. I care for a very old woman and I think that experience sets me up to be always hoping for something better for her, me, us. All.
    Not an apology, I just can’t help it. Bush and his gang ripped my heart out. Well, I allowed them to. And so for now, I am going to wallow in hopefulness. At the very least for a hundred days.:-) Maybe during that time I can heal myself cause I am – needing to destress big time but have to learn to all over again.
    Anyways, this may seem like a few parting shots over the bow, but I guess you all are open to dissenting opinions. At least they made me laugh.

    February 26, 2009
    http://www.opednews.com/articles/The-Shift-Has-Hit-the-Fan-by-Steve-Bhaerman-090226-17.html

    http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2009/02/27/notes022709.DTL&feed=rss.mmorford

Leave a Reply

You must be logged in to post a comment.