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Morning Bell: The Bush-Obama Borrow-Bailout Parade Must End

Defending President Barack Obama’s economic stimulus plan on ABC’s This Week, National Economic Council Director Lawrence Summers told George Stephanopoulos: “We need an approach that’s very different than the approach that we had that brought us to this point.” Summers is right we do need a drastically new approach to fix our ailing economy. Problem is, the only thing new about Obama’s Trillion Dollar Debt Plan is the size with which it attempts to repeat the last Administration’s policy mistakes. Later on the show, New Gingrich explained:

What you actually have is not change you can believe in. What you have is the fourth act of the Bush-Obama spend more plan. [Vice President Joe] Biden voted for all three of the first spending plans. The stimulus which failed in the spring. The housing bailout which failed in the summer. The Wall Street bailout which failed in the


Added: Feb-9-2009 
By: MarkusMarone
Iran, Afghanistan, News
Tags: Obama, Stimulus
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