Obama's Impending Economic Failure
By Jeff Hopkins | 01/09/09 | 12:44 PM EDT | 0 Comments
As we all know, in a campaign speech on January 8, 2009, Obama purported that, "only government can provide the short-term boost necessary to lift us from a recession this deep and severe." Obama is dead wrong.
Fact 1: In February 2008, the Federal Government enacted into law the $168 billion Economic Stimulus Act of 2008. However, this $168 billion failed to stop the impending financial crisis.
Fact 2: In September 2008, the Federal Government bailed-out AIG with an $85 billion bailout package. However, this $85 billion failed to stop the impending financial crisis.
Fact 3: In October 2008, the Federal Government bailed-out banking institutions with an $850 billion bailout package. However, this $850 billion failed to stop the impending financial crisis.
Unfortunately, Obama is trying to double-down with a $1.3 trillion bailout bet to save the
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