Cap and Trade vote on Friday

[dalakhani]

Originally Posted by Antitrust32

I thought I had quoted Dala sorry.. the quote thing on here gets messed up from time to tim.

How bout u Dala?

Fair question. Some of the spending he really has no choice on and neither did Bush in the latter stages. I never criticized Bush for his spending in the latter months...only the stuff for the first seven years while he sat on his hands and let the credit crunch ferment. Obama has to attack our economic issues and the great depression showed that hoarding money and balancing the budget is NOT the thing to do during a deep recession. Credit freezes require liquidity and the govenment needs to provide said liquidity when the market can't unlock on its own. All of these wanna be "true capitalists" were crying to mama fed not too long ago. True capitalism relies on markets to "take care of themselves" and this last crisis proved once again that that cant happen. I am a capitalist to the core but I do appreciate the need for regulation and at times assistance from the federal government.

Now is tackling health care the best idea for the times? I think that he is biting off more than he can chew right now and i think regardless of the future impact of rising health care costs (i agree it is a serious concern) now is not the time. Our sole focus should be on stablizing the economy and defending the country and i dont think debt should be a concern in dealing with either right now.