HaFo Defends Big Government On Meet The Press
Posted on April 19, 2009 at 9:22 pmThe transcript of Junior’s appearance on the Sunday chat show:
Spending is large, but what is the alternative? Government’s playing the role of the, the, the, the, the financial investor of last resort, the spender of last resort. We, we fought this, we fought this battle for many years in this country. Think if we’d decided not to pass the Servicemen Readjustment Act back in 1944 called the GI Bill. It was an enormous expenditure. You sent eight million veterans to college, you provided one year of unemployment compensation and you ensured they could buy a home. The impact that had on the nation’s economy going forward, educating that greatest generation, has been enormous. Think if Eisenhower’s national interstate, the highway system would not have passed. It cost $425 billion in real day terms. The impact it’s had on commerce, prosperity and growth has been immeasurable. We face one of those moments. This is one of those 100-year flood moments. And as much as I’d like to see government not engage and involve itself in so many enterprises, I don’t know the alternative. And as much as I like and respect you, I’ve not heard from Republicans or conservatives or the TEA party attenders, what is the alternative? If the alternative, alternative is to sit back and do nothing, the majority of Americans, evidenced by poll after poll, say, “Do something. Be active and get us out of this mess.”
Comments
6 Responses to “HaFo Defends Big Government On Meet The Press”
He was 100% accurate.
And AHughes, you are 100% wrong. Spending your way out of debt is impossible. Please tell me one time that this has ever worked personally or on a national level. HF mentions 425 billion - yet we’re talking 10 trillion with a “T”. The “stimulus” bill was passed without looking at it by ANYONE. Please tell me that 100% of the people placing their projects in this bill were responsible and that each was needed… You can’t. The market can and will correct itself if you simply leave it alone. Free Markets work. Socialism does not. Never has - never will.
Harold who?
So that’s the wingnut spin now?
That because the economy MAY be starting to turn around, that it’s because “the market can and will correct itself”?
You’re wrong. The GOVERNMENT’s stimulus is what is encouraging people to invest again because they see that the banks and money lenders are being propped up enough to back any loans they make.
You people are just pathetic.
Wall Street slides as investors dump financials
Stocks fall as investors dump financial shares on worries about trouble on bank balance sheets
* Tim Paradis, AP Business Writer
* Monday April 20, 2009, 12:16 pm EDT
Spaz … I just took this from the wire.
NEW YORK (AP) — Investors are having doubts about banks’ recent profit reports and wondering whether the better-than-expected performance masks larger problems with bad debt.
Stocks fell sharply Monday as investors sold financial stocks and locked in profits after a six-week rally. The major indexes tumbled 2-3 percent, including the Dow Jones industrial average, which fell 230 points.
Since you called my answer, “wingnut spin” and then called me “pathetic,” why don’t you answer my questions above. Then, give Dave Ramsey a call and see which one of the two he will agree with - you or me.
Spaz: Somehow, I knew you wouldn’t answer me …
Those who name call typically have no facts to back themselves up.