These quotes are being heard in the past 3 weeks, since Obama took office, this is a position that the Republican Party have put into consideration when the Economic stimulus plan is at the congress.
Leaders of the republican party, including John McCain have not heard and clearly understood the message of bipartisanship, they just want to stop the plan by saying to the American people and to the world that passing the Plan, will get America into a disaster they will never recover.
But, the current situation is not a disaster?, maybe for the republicans (from low and high chamber) the financial crisis will be recover by itself, following the theories of the auto regulation of the market, held by Alan Greenspan and strongly supported by Reagan, Bush & Bush Jr administration, are the republicans people who lose their memory? We have to remember that they have lead in the past 28 years to this economic disaster, they have to remember that there were only one shinning spot for the economy (and that was Bill Clinton Government), we have to remember that the public debt has doubled in 8 years, from 5 trillion to 10 trillion? That America is facing the worst results in decades?
Is so funny watching McCain speaking about US $80 bn lost for the implementation of the first part of the US $700bn package proposed by George Bush government, with the support of both the democrat and republicans?
The TARP plan ($700bn package) has not worked as it was proposed by the Republican government, the common people doesn’t know where the money goes, and only the banks who get the bailout get benefit, but what about the 3 million people who lost their jobs or the millions who lost their homes?
The Obama stimulus package is based in the premise of “call for action”, Obama administration is showing to the people that “DOING NOTHING is not option”, instead the republican party have designed parallel plans following the same economic principles who guide to this crisis, one of them, lack of transparency, taxes reduction to big corporations such Exxon Mobile, which in 2007 get approximately US 45bn in net revenue and reducing the budget to research, education and innovation.
Obama, itself has said: “This plan is not perfect, it was made on Washington”, but the great economic team he has (from Timothy Geithner, to Lawrence Summers, Paul Volker, Paul Krugman and many others) give the necessary confidence that the plan is designed to boost the economy and to plan for the long term. For example, the budget on ecosolutions will be doubled in 3 years, the budget for schools will be increased dramatically and the jobs that the Plan will create will be in the private sector (95%) of them.
By the other side, treasury secretary, Tim Geithner said in a recent interview to Bloomberg, that they have re-evaluated the second part of the TARP plan, offering full transparency for the people and how the money flows and what is really impacting, the plan also will have the creation of a bad bank for help clean the toxic balance sheets of the banks, but a great change is the plan will not only be directed to help banks, it will be for the people who struggle to survive in the crisis.
Abraham Lincoln is shaking in his tomb, thinking what had happen to his beloved party, to that party who foster for human rights, for the union of America, for the striving for excellence, but most important the party who always looks for increasing the quality of life for the people leaving their ideological differences.
Luckily, there are some republican senators that will help rebuild the power of America, and I want to thank them, and all the American people will thank them in the incoming future because they follow their instincts to put the conditions of the people first, to improve the situation of the country and to look for a really bipartisanship, which is lacking in these times, thanks to Susan Collins from Maine, to Olympia Snowe from Maine and to Arlen Specter from Pennsilvania.
With the help of the people wanting a better live for their grandsons, the Stimulus plan will pass, and then you can track all the transactions at this site: www.recovery.gov .
So, the republican should ask themselves: Is the republican party leading to a disaster?
If they do this, they will ask then: How we help America recover from the failure in the public policies we have implemented in the past 28 years?
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