Ken's Comments

If it was not so tragic, I'd have to laugh at the people who are talking about a "jobless recovery" like it is a good thing. I've only seen one mainstream commentator - a former Clinton Administration official - come close to calling out the Obama Administration on the current economy. Instead you've got papers like the New York Times running articles saying that because there were not as many new people unemployed in the last reporting it is a sign of an improving economy. Why can't we call it like it is - all of the money the Government has spent over the last two years, under both President Bush and President Obama is only making the rich richer and it is not helping the little guys. Merrill Lynch, AIG, and Goldman Sachs pay out big bonuses to employees. Warren Buffet makes a mint off of investments he made into companies that got government support. People who can afford to invest a lot of money in the stock market are doing very well again. Chrysler...

The common result of a government spending more money than it earns is devaluation of its currency. The US government's deficit increased during the Bush Administration. The Democrats and the Obama Admiminstration lifted that deficit to an enormous new level. A common effect of currency devaluation is inflation. In a bad economy, that is going to be a real problem - just ask people who lived through the Jimmy Carter Administration. First of all, let's spread this blame in a non-partisan fashion. Republicans during the Bush Adminstration years controlled Congress and the White House and they showed no fiscal discipline. The Bush Administration capped this by spending a ton of money in 2008 to try to prevent or curtail the recession - first having a stimulus tax cut at the beginning of the year and then approving the TARP bailout funds - easily a trillion dollars spent last year to prevent the recession. Now, we have the Obama Administration spending another trillion dollars for ...

Interesting to see how President Obama is following in President Bush's footsteps on a number of important policies. For example President Obama is continuing: To bail out AIG The TARP program for Banks To bail out of GM and Chrysler The withdrawal from Iraq Not releasing photos of prisoner abuse Spending significantly more federal dollars than the amount of taxes collected There are others, but time does not permit me to research them all. It shows that President Bush's policies were not so horrible as was suggested by Democratic candidates on the campaign trail. At the same time, one must admit there are some things President Obama has done differently - environmental issues and cracking down on credit card companies would be two areas of difference that are notable and laudable. There are areas, such as rgulatory reform of mortgage lending or types of stock trading, where President Bush did not have a chance to offer solutions