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Monday, June 08, 2009

Runaway Gov't Spending Making Economy Worse

It would appear that certain sectors of the mainstream media are now beginning to sit up and take notice that the Obama plan has greatly worsened our economic crisis. Even the AP has finally admitted the truth.

Read the full story here.

1 comment:

Ron Russell said...

Rampant spending by the government has never helped to create real jobs. It was tried during the Roosevelt years in the 1930's with little or no success. The jobs created by such government spending are temporary and non-productive. They produce no wealth and therefore do not contribute to real economic growth. The numbers being put forth by the Obama administration at this time reflect jobs saved (hard if not impossible to verify). Included in these numbers are teachers and many other government workers. This is simply taking money from the private sector and putting it into the public sector with nothing positive to show. Meanwhile the borrowing goes on and the value of the dollar goes down and run-a-way inflation will soon raise its ugly head.

Adding you to my blogroll at TOTUS.