PrintFebruary 16, 2009
President Obama and the Politics of Fear
In an unprecedented campaign to sell his trillion-dollar taxpayer spending plan, President Obama has gone beyond talking down the economy. During his first nationally televised news conference, President Obama warned of a pending economic "catastrophe" if Congress doesn't immediately pass and implement his $800 billion-plus economic "stimulus" plan.Obama's use of fear and coercion to implement his plan of loading the country with insurmountable debt is shockingly reckless and blatantly inappropriate, to say the least.With the exception of the housing and mortgage industries (which were corrupted by government intervention for social "reinvestment") the aggregate economy was not at crisis level in 2008. Not only was John McCain correct in saying that the fundamentals of the total economy were sound during the campaign; he was also being responsible with his words and with his expression of faith.Yes, faith. Any economist will tell you that a large...(Read Full Article)
