The Democrat's New Deal Plans!

Bill Smith, Editor: News on the Democrat's New Deal Plans and my reaction. Politico reports, “Democratic leaders have pounced on the announcement that yes, the country is officially, statistically in a recession. . . . [And] are using the economic news to try to create momentum for a major economic stimulus package.” According to the Politico article, House Speaker Nancy Pelosi said of Democrats’ spending plan, “So you hear people say this is going to be a project of indicative of the 1930s. No, it isn’t. It’s going to be about innovation and about the future, about creating the jobs of the 21st century.”

It’s not going to be indicative of the 1930s? However, One might be excused for thinking otherwise given all the discussion of Franklin Roosevelt and the New Deal from Democrats the last few weeks.

The San Francisco Chronicle reported Sunday, “President-elect Barack Obama has been studying Roosevelt’s quick start - widely viewed as the most productive first days of any U.S. president - as he sets his agenda to tackle the worst financial crisis since the one Roosevelt inherited during the Great Depression.” Obama said, “What you see in FDR that I hope my team can emulate, is not always getting it right, but projecting a sense of confidence, and a willingness to try things, and experiment in order to get people working again.”

I guess looking good and responding quickly even if wrong is worth 10 points while being slower and right is worth for less.

Sen. Chuck Schumer (D-NY) told ABC’s George Stephanopoulos recently that a stimulus plan would be “a little like having a new New Deal, but you do it before a depression occurs, not after.” And Politico noted last week, “This is the best deal since 1932,” House Financial Services Committee Chairman Barney Frank (D-Mass.) said, noting the increased voter appetite for an activist government.”

Projecting fear and anxiety works for the Democrats. Anyone remember the "recession" of the mid 80s when home mortgage interest rates were 15% to 20%. We aren't their yet and neither is a depression. But again, the word "depression" plays well with the democrats because then they may get to restart Government with their "New Deal." And in the interim, they continue creating an enormous rhetoric smoke screen to cover their responsibility for big spending, using tax money through government programs to build their voter base, forcing on American taxpayers the burden of home loans to people with bad credit and nor money, and of course lining their own pockets and campaign war chests.

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