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Do you believe that Obama has so far carelessly spent our tax money?
This administration did not create this six foot hole that we're now in.
How do you climb up from a six foot hole?
Well, you tell your friends who are above ground to pass down to you a few rocks and sands to fill the hole until it reaches ground level. Lately many of us have been complaining that this administration spent so much money that it makes George W. Bush looks like Bill Gates. Meanwhile, we have forgotten that it was Bush administration that dug the six foot hole that President Obama has finds himself in.
We are quick to judge him without considering that it took Bush eight years to dig that hole. And now some of us expect president Obama to fill it up in just a few years. Those who have such expectation are not only unrealistic about the state of the economy, but also hope that Obama fails.
If the sands and rocks that were dug out under the Bush administration had been laid above ground, it would have been very easy for the Obama’s administration to fill it back without having to borrow or asking FR to print money. But I regret to say that was not the situation that they were left with. Under the Bush administration, they were many occurrences that had contributed to capital flights.
Which mean our tax monies were used in countries that were way beyond our borders. Monies that we would never see again, so whether or not it was for a good cause is not important right now, what’s important to know is that we were left in a hole that must be refill before we can begin to see progress.
We should reflect back on some key issues before placing judgment on any administration. For example, according to zfacts.com the Iraq war cost us $662,847 billion in counting. And other site like the salon.com has a more in dept detail on the Iraq war spending. Then we had the Gulf war which cost the US $15 billion dollar said cornell.edu. Plus we had the Katrina which cost us $ 2.5 billion. Then we had the Afghanistan war which according to timesonline cost us $3 trillion dollars.
It is possible that some of us may be able to dispute that the total cost of all these events are not accurate, but no one can dispute that the total cost of all these events didn’t pay for the six foot hole that president Obama has found himself in. As a matter of fact, if someone were to tally all this up they can definitely see how the six foot hole may had been created.
We should not fart higher than our noses can smell.
If we’re going to criticize this administration for borrowing money from China or for having the FR print money, we can’t do that without providing them with an alternative. Criticism are valid only when an alternative is available. To criticize people's task without suggesting to them how they could have done their job differently makes our criticism less credible.
What else could this administration have done to stimulate the economy without having to print or borrow money from China? How much money was left in the US treasury if they were any left at all? How could they have done all that they’re doing without having the FED print money?
These are the questions that we must answer before criticizing. Those who have the capability to answer these questions, and inform this administration on a different path that is better than the one they have chosen, than whoever that one is has the right to criticize the administration.
They are major differences between this administration and the previous one. That is to say, the sands and rocks that are being used to fill this six foot hole, most of which are not being used to fund wars. Unlike the previous administration, most of our money was spent in wars and foreign aid to countries that did not quiet benefit from it.
With this administration, at least our money plus what was borrowed and printed are being re-invested right here in America. If you look at the transparency board on Obama’s site, it is all there, visible for our eye to see. This administration has so far used our money to stimulate the economy through careful spending that is carefully monitored. This practice can help maintained better spending habit, and jobs that cannot be outsourced.
We should be realistic about the state of the economy. Critic only when criticism is necessary, we can’t expect huge progress until we’re above ground level. As of now, we are still trying to fill in that six foot hole that we have found ourselves in. So for us to say that president Obama is spending carelessly would be a false accusation.
He has only been in office for 100 days and so far the economy has showed sign of improvement. We should applaud him for what he has done, and criticize him only when he can be held fully accountable for actions that have nothing to do with the previous administration.
We should not fart higher than our noses can smell, because apparently we’re not in any position to do that. We can’t continue to fight wars when our citizens are left jobless. When we do that, we're farting higher than our noses can smell. It shows that we don’t have our priority straight. We should try as soon as possible to end that war in Iraq, and pass responsibility to the Iraqi government while focusing our attention on domestic energy needs that we can depend on.
We’re not the police of the world.
May be it is time that the American government can realize that we’re not the police of the world. We can’t continue goring around dictating what must be in other countries. It is not in our interest to do that, because every time we do, we lose money that we don’t have. However, when its involved human rights violation, it's necessary, or self defense against foreign countries - like the 9/11 attack provoked by the Al – Qaeda group. Otherwise, we have no reason to engage ourselves in issues that doesn’t concern us.
Some would argue that the Iraq war had to do with our dependency on oil. If that’s the case, we urgently must lessen our addiction to oil. Thus, an alternative to oil is exactly what we need to redirect our interest to serve what makes our country works. Spending money in Iraq to help protect oil reservoirs does not contributes to our economy if we must buy this oil while spending to protect it. It seems as though we losing at both ends, no matter how one looks at it we lose out through capital flight. This cannot be smart governing, we need a change, a change that required us to get our energy source right here in our country. That way, we don’t lose money through capital flight. The less money we lose through capital flight the less we have to worry about Federal Reserve printing money.