I'm suffering from cognitive dissonance—somebody please help me sort out a few questions.
- Obama says he's going to rescue the economy with big spending (to the tune of $1 trillion). If spending money on everything from Amtrak and Rural Broadband Deployment to dentist training and special projects at the Smithsonian Museum is supposed to help the economy, why is Obama looking to cut military spending by 10-15%? Doesn't military spending help the economy at least as much as any other form of spending?
- The amount of money that Wall Street investment banks and other financial firms doled out in bonuses last year was down by 44%. As far as Obama is concerned, the bonuses are still too big. Obama thinks Wall Street bonuses exemplify the "outrageous and shameful" excesses of capitalist greed. Yes, some of the bonuses go to highly paid executives...but to thousands of bank employees who don't sit in corner offices, including human resources representatives and secretaries, that money helps to pay the bills. I know Obama has a highly sophisticated and nuanced understanding of morality, but how can he lecture people on the need for restraint and discipline as he celebrates congressional spending binges with cocktails and wagyu steak? Am I supposed to have forgotten his $170 million inaugural party already?
- Obama wants to get the economy back on track as soon as possible, but he says now is not the time for profits. How can the economy recover without profits? Where will tax dollars come from if nobody's making money?
- VP Biden says he wants to take corporate executives and "throw these guys in the brig." Who will run the economy if corporate executives are incarcerated?
Mr. President, I think it's more than a little bit selfish to try to solve our economic problems which we created by burdening future generations.
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