Mind-Numbing Obama Deficit

At only $224,857 per new hire, Obama’s economics would ruin any private company. But at $800 billion for these new hires, Obama’s goal can only be to ruin all private companies. I think there is a crisis here! In just the first year of his economic plan, the US will suffer a mind-numbing deficit of unimagineable proportion, designed by Obama and his congress.

Real crisis - The Obama Deficit - only the beginning

But this is only the first year. Spending for Obama’s Democrat Patronage Mega-Goldmine Rebate Plan, elsewhere called Porkulus, will balloon by a factor of 4 (400% more) in 2010, and continues by design far into the next presidential campaign years.

“Pyramids, holes in the ground, and war, do not produce wealth. They destroy wealth. They take valuable resources and convert them into something less valuable.” The difference in value, the amount by which the capital wasted on useless “infrastructure” projects is diminished, flows into the pockets of ACORN and other Democrat patrons.

Instead of assembling capital, Obama is destroying it, and at an astounding rate. Like ACORN, Obama, CRA, and the rest destroyed the mortgage finance industry by ordering them to make loans to “buyers” who could not pay.

“If government’s (Obama’s mind-numbing) deficit spending were truly worthwhile, they would be underataken by private efforts, and in their quest for profits, entrepreneurs would handle them more efficiently.”

Only “more efficiently?” John Stossel, comes with only the understatement of the millenium, apparently!

Obama deficit and capital destruction plan

The next step in The Subprime President’s recipe for destruction is tax increases for business and the most productive Americans, in the face of our current deep subprime recession. When American businesses react to Obama’s long-planned tax increases, the deficit will only get larger, because business will have less cash, and less capital to leverage into jobs and income for Americans.