During the election campaign for the recently conducted and culminated United States presidential election had candidate Barack Obama speak about how much the Republicans indulged in Pork Barrel spending and Earmark projects. He avowed that if elected, he would ensure that his administration will not engage in any such similar pork or earmarks business.
Well, its hard for politicians to give up this tempting habit it seems because in the $787 economic stimulus bill that was passed by the Congress, there are quite a few instances of what Obama spoke about avoiding during his election campaign.
I recently came across an article which pointed out various examples of the pork barrel spending and projects in the current economic stimulus bailout package plan that Obama has passed.
Obama Economic Stimulus Package Pork Barrel
Projects & Earmarks Spending Examples
Although I am no economist but the article lists out clean instances of how the bill is funding useless research whose sole purpose is to keep people employed in irrelevant research like pig stink etc.
Click the link here for article on Pork – Stimulus Package Pork Barrel & Earmarks.
It is now clear that the trickle down economics since Reagan up until now have NOT worked and have actually led to the mess we are in. Time for genuine change and Obama seems to be up to the challenge.
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Were you asleep since the signing of NAFTA? You go back 22 -30 years to blame Reagan? You MUST be kidding.
Hint: The mess we are in began with Bush I, was well on its way and expanded during the Clinton/Newt years, supported and facillitated during the Bush years and Obama is the one appointed to chop our heads off.
two things that made the u.s. a working system: 1)communality of language across the whole country, 2)the ability of individuals to try to succeed (or fail) without undue bureaucratic hampering. what do you think?
peterfredrick, it is obviously clear that you have no basic understanding of how our U.S. economy works, or how economics works in general. There are many many other issues that have contributed to our current economic condition. Historically, there have been a dozen or so time periods where our economy has acquired a “flu/cold” if you will (recession). Some of them have been more severe than others, but nonetheless, we have had about a dozen of them since WWII. An economic system that is as dynamic as ours, which many in the world try to emulate, will have its ebbs and flows and is a quite natural occurrence. However, having said that, there are political committees, pork-barreled bills that pass congress, and many other political agendas that can and do interfere with economic progress or its digress, and depending on what measures are being passed, can have an adverse effect on our economic future. With regards to your comment about “trickle-down” economics being a contributor to our current situation, I would respectfully disagree with you. On the contrary, the strength of our economy and its ability to bounce back is attributed to the fact that “Reagan-omics”, if you will, is the backbone of our economic system and without it, we would certainly be in a much worse place than now. The fact that trickledown economics works will be self evident once we begin our economic recovery.
Obama has only tripled the current national debt since he has been in office and has in fact spent more $ than all those presidents combined that preceded him. I seriously doubt that Obamanomics will be the cure all to our current economic problems. It will be the steadfast leaders who embrace Reaganomics that will survive the day and raise our economic stability to be the leader in the world; that promises those who want to endeavor and find a place to reside on that shining city on a hill.
Won’t happen unless the peoples’ movement wakes up and realize that the RINOs are NOT conservative, they are globalists and must be tossed, along with the Socialist Democrats, wholesale. Both parties are intent on the dissolution of our sovereign nation and Consitution and delivering us up to global governance. IOW there is ONE party, it’s called globalist.
This means that if YOU REALLY WANT a two party system, you MUST vote third party.