http://news.yahoo.com/s/nm/20090311/pl_nm/us_obama_spending
By now we have, or should have, all read past chapter 4 in "naked economics" and we should have all noticed that chapters 3 and 4, although they go hand in hand on the issue of government involvement in economics, they also show the conflicting sides of government's tinkering of the economy.
Although government can fund projects through collectively taxing whole populations to better the population, government is also plagued by corruption and corrupt bureaucrats/lawmakers. They tend to promote funds for their own pet projects in bills and more then likely the bills get passed.
Obama signed a bill knowing that there were earmarks and proclaimed that this had to be done as a message that things will be different and that future earmarks should be eradicated. However, Senator John McCain opposed this bill, saying that Obama is covering his actions with his 'rhetoric' and that basically everything Obama is saying against the earmarks is meaningless.
Let me throw up some quick rounds to shoot out some information.
-Obama heavily critized earmark spending.
-Obama went behind closed doors and, fully aware of the earmarks, signed a $410 billion dollar spending bill.
-Obama says, correct me if I am wrong, that we do not have time to deal with it. "...we have a lot more work to do."
-McCain implies that Obama is a liar, or some what of one.
-McCain "What he(Obama) should have done was say he was going to veto this bill, that he wanted the $8 billion in earmarks removed and then he would sign it,"
-Howard Dean then responded with proclaiming "BYAHHHHH!!!"
"I believe as we move forward, we can come together around principles that prevent the abuse of earmarks," he said.
Lets just all hope Obama keeps his word, I am not attacking him, I just hope he can actually better America and at least dampen this recession. I, unlike some people, would actually like to see Obama succeed because although we might not share political views, we are both Americans, and if Obama fails, then America fails.
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Not sure I buy the "if Obama fails, then America fails." Would opponents of the Iraq war have said, "If Bush fails, America fails"? What if Obama's policies result in making the economy worse and chaining your generation to higher taxes because the national debt is too large? What if the real truth is "if Obama fails, America prospers"?
I don't know the future, and I don't know how these things will turn out. And I know that opponents of Obama will argue that we would have recovered sooner if Obama had not done A, B, and C, and Obama supporters will say it would have been worse if not for Obama's A, B, and C.
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