How Washington Is Destroying The Economy

It's scariest because our current class of Congress and some in the Senate have no world knowledge of finance. They can only speak of their immediate districts and what they need and don't need. Like many, I don't agree with mounting debt and more mounting debt, but what happens in Montana isn't what happens in the world. The problems of NJ or VT are not the problems of AR or AZ, but we all play in the same world, so we may not like everything that has to be done, but sometimes you have to swallow a bitter pill. I don't like that we have bailed out the banks, but I don't know enough of world finance to know if not doing it would have ultimately hurt us worse, so I leave that to the experts. At least, while it was happening in 2008, Washington was seeking counsel from the experts, this group just laughs at them and then tells the President he spends, spends, spends and doesn't have anything to show for it. The experts have all agreed, if his original plan for stimulus, which was really large had been passed, it would have had a much better effect. The Republicans would NOT pass it, so now we need another. Let's see how it works. I truly want them to own this financial crisis as well as the last. The only money they want to spend is for the banks and the wealthy. Own it. Then we all need to remember in November.

They keep saying the President has no jobs plan. Where is the Republican Jobs Plan, the one they won on in November. It consists of only one thing, making President Obama a one term President and cutting additional revenues for the wealthy. That is not a jobs plan. That's a campaign and a tax cut. So far, the tax extension has yielded us very few, if any jobs. Why are people going to hire now??? It has been shown, they are just sitting on the money, they don't invest, lend or hire, just earn interest.