Open Thread

March 12th, 2009 10:05 AM

For general discussion and debate. Possible talking point: The only thing we have to fear is economic cowardice!

The unemployment rates Obama projects for the next two years are about the same as where we peaked during the 1992 recession, but nowhere near as bad as the 10.8 percent we saw in 1982’s downturn. As such, either economic conditions aren’t close to as dire as Obama is claiming when in front of the camera, or he and his team are lying in this budget to overstate tax receipts and understate future deficits. Seems like our new president is using unreasoning, unjustified terror to paralyze the petrified masses into unconditionally surrendering to a proposal that is either totally unnecessary or based on rose-colored assumptions that can’t possibly pan out. Whichever the case, it is no basis for America throwing away liberty and our very way of life.

Read the whole piece and offer your thoughts.