In two years the dems will start being defeated for reelection in the House and Senate. In 4 years the Dems will lose the White House as well. That’s if the Republicans stop screwing up. Since 1994…the Republicans have squandered their legacy and proven to be as flawed as the Democrats. It’s time to turn that around and find a real Republican to lead the party.

That’s right, baby. The American voter is not known for being patient. If there is not substantial improvement in our economic outlook in the next 3 years, Obama is a one-term wonder, just like his buddy Jimmy Carter. And since Obama is probably going to implement the same type of idiotic policies that Carter did, a substantial improvement in 3 years seems highly unlikely.

One problem: Reaganism got us into this mess.

Currently the U.S. government wants to give $700 Billion to companies facing bankruptcy (making a bad product or giving too much to politicians) is nothing more that a thank you for the money from politicians.

If the government has that kind of money to waste then let’s do it right. Let’s make real progress.

The population of the U.S. is approximately 265 million. Give each citizen a one time payment $1,000,000 with instructions to pay off all of their debt, to invest any that remains, and clearly state that there is no more.

To avoid another run up everyone’s credit score is zeroed and based on their new spending habits. Also, those that extend credit have the ability to control who and how much they provide and they must practice responsible lending and teaching their customers how to do it wisely. If they continue to be irresponsible the credit card companies must.

The bottom line – is giving money to companies that are having trouble due to mismanagement make great political sense. Just think $700 billion to a few or $2.650 billion to help every citizen get back on their feet and start fresh. This is practicing sound economics and fiscal responsibility of the public’s money.

Robert Reich is to the economy what Chevy Chase is to film.

jaleach on November 21, 2008 at 6:21 PM

Comment of the day.

Spare me. I have been listening to Obama make promises for two years. This is the first time I have heard about 5 years.

And you know what? The Democrats have been running Congress for two years. Care to look at the economic news from late 2006 and compare it to today?

Hey, Bob? If things still look grim three and a half years from now, rest assured, you won’t have to worry about solving those problems anymore.

That’s right, baby. The American voter is not known for being patient. If there is not substantial improvement in our economic outlook in the next 3 years, Obama is a one-term wonder, just like his buddy Jimmy Carter. And since Obama is probably going to implement the same type of idiotic policies that Carter did, a substantial improvement in 3 years seems highly unlikely.

Obama advisers: Um, it might take five years to solve our economic problems

Hmm, I seem to remember George W. Bush telling America that the War on Terror was going to take a very long time. But the Democrats started complaining after only two years. Then came the moaning because the Iraq War lasted longer than WWII.

So, by their own measurements, the economy cannot take more than four years to fix. Otherwise it will have “dragged on too long” and taken “longer than WWII.” That will mean that the Obama administration is a “miserable failure.”

Hey, they’re the ones that set the standards.

* Cap gains elimination (compromise to something if necessary)
* Reduced corporate taxes for companies that reasonably control golden parachutes, excessive exec pay, etc.
* No more bailouts!
* Any amnesty/immigration bill needs to include English as official language.
* Aggressive energy platform including drill baby drill, make lots of nuclear plants like those in aircraft carriers (provide to other countries if a good option) that can easily be installed around the nation, natural gas, clean coal, Shale, renewables, etc, etc.

AKA be strongly and identifiably for something — no excuses.

Obama advisors: Um, it might take five years to solve our economic problems

And that is five years AFTER we get rid of the 0bama -Reid & Pelosi cabal….

No, Change that. It will take fifteen years to fix four years of the Leftist Fools Cabal.

“BUT WE WANT FIXES NOW!!!” – The HotAir readership

Hey, remember when you guys blamed Obama for the economic downturn when Bush is, in fact, still President? And remember how you guys didn’t mention it today when the stocks rallied after Obama’s announcement of Treasury Secretary? Good times.

Nonfactor on November 21, 2008 at 8:22 PM

Well, first of all, the daily flucuations are less of an indicator than the overall trend since Nov 5. I think even the densest, most cultlike follower of obama would have to realize that the markets lost a boatload of value since Nov 5. Where are we today?? Somewhere around 8000 for the dow. The dow was at 9600 on Nov 4. You can attribute a good part of the slide from Nov 4 through today to obama’s election.

The markets like stability. They don’t like a guy with marxist roots, who hangs with marxists, who said he would put flaming liberals on SCOTUS and Federal courts, Who wants to “spread the wealth” , who wants to raise taxes on those who provide the jobs, who will run up our debt with massive giveaways.

So nonfactor.. Yep, Bush is president but that is NOT what the markets are reacting to. They are reacting to Mr. “143 days of voting present”.

unless the Republican Party continues along their present course; in which case we’ll be screwed either way.

FloatingRock on November 21, 2008 at 8:23 PM

My professional diagnosis is that unless they receive high and repeated doses of electroshock therapy they will. So time for all good men and women to crank up the juice!

And if the economy is still bad four years from now, the Obama administration and Democrats will blame it all on Bush. Whether the argument will pass muster with the electorate then, who knows.

Hey, remember when you guys blamed Obama for the economic downturn when Bush is, in fact, still President? And remember how you guys didn’t mention it today when the stocks rallied after Obama’s announcement of Treasury Secretary? Good times.

Nonfactor on November 21, 2008 at 8:22 PM

What’s sauce for the goose is sauce for the gander.

It’s not a matter of time, but knowing what you’re doing.

Reich is basically telling us: “Obama doesn’t know what he’s doing, but you’re stuck with him now.”

Steve Z on November 21, 2008 at 8:13 PM

Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.
- Groucho

Hey, remember when you guys blamed Obama for the economic downturn when Bush is, in fact, still President? And remember how you guys didn’t mention it today when the stocks rallied after Obama’s announcement of Treasury Secretary? Good times.