Are You Ready? Stimulus Part II

In October of this year Greenspan Says "No New Stimulus" and; Issues 'Warning' On The Debt.

One of the reasons given: “If you try to do too much to help the recovery, you can actually be counterproductive."

He further stated he was, "...quite concerned about the debt and deficit levels and projections for future levels. The national debt cushion we have kept for generations is being threatened."

Most Americans Oppose Second Stimulus and Using Bailout Funds for States. Also Voters Continue to See Deficit Reduction as Top Priority.

President Obama in his Speech on Economic Recovery

The first minutes of the President’s speech on the Economy were wasted on blame of the Bush Administration. Many who support President Obama wish that he would leave behind this obsession. The era of 'blame Bush' for Obama is over, CNN’s Roland Martin. Poll: Obama Shares Blame on Economy With Bush.

And Then He Said:

So one of the central goals of this administration is restoring fiscal responsibility. Even as we have had to spend our way out of this recession in the near term, we've begun to make the hard choices necessary to get our country on a more stable fiscal footing in the long run.

The fact is we have refused to go along with business as usual; we are taking responsibility for every dollar we spend.


I'm still committed to halving the deficit we inherited by the end of my first term -- cutting it in half. And I made clear from day one that I would not sign a health insurance reform bill if it raised the deficit by one dime -- and neither the House, nor the Senate bill does.


For decades, we've watched as efforts to solve tough problems have fallen prey to the bitterness of partisanship, to prosaic concerns of politics, to ever-quickening news cycles, to endless campaigns focused on scoring points instead of meeting our common challenges.


These have been a tough two years. And there will no doubt be difficult months ahead. But the storms of the past are receding. The skies are brightening. And the horizon is beckoning once more.

What Americans Can Expect - More Fraud and Waste
Stimulus Funds for Martini Bars, Rat Sex?

We can expect another round of spending that will have no real impact on unemployment, but will increase the deficit and taxes on the American people and businesses. The President will again give a series of speeches and go on the charm offensive. Unfortunately, the White House is slow to realize that this is no longer working. Many, who have given this President and his policies the benefit of the doubt, now have noting left but doubt about his policies and governing tactics. Obama Administration Extending TARP Until 2010