Tuesday, November 25, 2008

Obamas Amazing reissuing Table Topic

Obamas plan to fix the economy is actually the most unpatriotic way to go about helping the nation. Bush in the last 8 years has added $4 trillion more to the nation’s debt. Worse of it all in 1992 Perot a presidential candidate had said “if added 25 cents to every gallon of gas would have paid the national debt in 4 years. ” Ever since that era every President that has been inaugurated thinks the national debt will pay itself eventually. The U.S. dollar would have been so strong compared to any other nation by now if that could have happened. Now we look to a future where the country dollar will depreciate lower after Obamas new economic package takes charge probably.
The new economic package that will further our country into debt $500 billion estimated by Julie Hirschfeld Davis the Washington Post. Obamas plan is to help the nation’s recession by putting $168billion in tax rebates, another $100 billion in green projects to cut harmful emissions and make jobs up to 2.5 million by 2010. Also to help with the foreclosure problem many are facing not being able to pay. For 84,000 people for closed in the last few weeks according to CNN Larry King. While the rest of the money will be going to projects like repairing bridges and schools, modernizing public school education and so on. While also CNN claims Obama said that the project could reach to $700 Billion if needed.
All being great amazing needed factors in our country for improvement, but is this really needed to print off the tremendous large amount of money needed to fix the country. What’s the plan to take care of the nation’s debt in the end? We still owe Asia tons of money we borrowed way back in the days. The U.S. is about to look like Mexico in the way of reform. There’s nothing patriotic outlook from this situation at all. Which leads to question how is the rest of the world going to perceive us and react? After 100 years of greatness we fall this low as a country came right below us.

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