Barack Issues Dire Warning on Economy

http://news.aol.com/main/obama-presidency/article/obama-issues-dire-warning-on-economy/269859


FAIRFAX, Va. (Jan. 8) President-elect Barack Obama warned of dire and long-lasting consequences if Congress doesn't pump unprecedented dollars into the national economy, making an urgent pitch Thursday for his mammoth spending proposal in his first speech since the election.

"In short, a bad situation could become dramatically worse" if Washington doesn't go far enough to address the spreading crisis, the Democrat said as fresh economic reports showed an outlook growing increasingly grim.

Someone should tell Barack Obama that you cannot save a sinking ship by throwing buckets of water onto its decks! Oh, wait, Ron Paul already did that. But he not only told Barack Obama this inconvenient truth, he told this to his fellow legislatures in Congress and also to Ben Bernanke, Greenspan, and Paulson.

We're now 16 TRILLION DOLLARS IN DEBT, and perhaps beyond that -- the numbers begin to blur and run together once you lose count of the mammoth debt toll -- but America doesn't recognize this burden for the reason that the debt clock hasn't caught up yet.

Something tells me -- I don't know... perhaps its LOGIC AND REASON... that the request made by the auto industry to be bailed out was evidence enough to support the argument that the bailout of the banking industry failed at meeting its stated aims. I realize the two industries are different, but the relationship is, after all, symbiotic.