Michelle: Bush “pre-socialized” the economy for Obama

posted at 1:59 pm on January 8, 2009 by Allahpundit

A point you’ll doubtless hear made by Democrats come 2010 if, as expected, the stimulus hasn’t done much stimulating. TARP’s failure has already left the GOP trapped on the deck with Barry O; to the extent that McConnell et al. end up opposing the new bill, it’s just their way of making a late dash for the lifeboats.

Note the point about generational theft, too. The One dropped this near the end of this morning’s speech:

That’s why I’m asking Congress to work with me and my team day and night, on weekends if necessary, to get the plan passed in the next few weeks. That’s why I’m calling on all Americans – Democrats and Republicans – to put good ideas ahead of the old ideological battles; a sense of common purpose above the same narrow partisanship; and insist that the first question each of us asks isn’t “What’s good for me?” but “What’s good for the country my children will inherit?”

Exit quotation: “Bottom line: Obama’s prescription for economic pain will at most be useless in encouraging short-term growth, while ensuring anemic longer-term growth for the next decade (and beyond) at the expense of Obama’s kids and my kids and yours.”


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…which means Socialistic healthcare is coming and cant be stopped.

jp on January 8, 2009 at 3:50 PM

It is a widely circulated rumor at my place of employment that this is all part of a secret plan to deal with the insolvency of the Social Security system.

If they can get us to die waiting in the doctor’s office while we are trying to obtain our meager ration of socialized medical care — then, they don’t have to pay us social security benefits.

My collie says:

Does Alex Jones know about this?

CyberCipher on January 8, 2009 at 3:57 PM

jp:

I do not what the answer is to high health care costs. They are just ridiculous. They really are. Health care was never free, but there was a time when it was within the realm of the possible to pay. Now, even with insurance it is just beyond reason.

Terrye on January 8, 2009 at 3:57 PM

technically the bailouts are loans, just nobody figures they get repaid. Chrysler did repay theirs once, but odds are against it.

jp on January 8, 2009 at 3:59 PM

True.

Another bush economic mess.

Let’s run Jeb for a trifecta.

getalife on January 8, 2009 at 3:59 PM

If they can get us to die waiting in the doctor’s office while we are trying to obtain our meager ration of socialized medical care — then, they don’t have to pay us social security benefits.

don’t forget popularizing Euthenasia

jp on January 8, 2009 at 4:00 PM

Terrye on January 8, 2009 at 3:55 PM

I disagree. I certainly don’t want to see a Depression (big D) happen, but I’m willing to risk it rather than sacrifice our ideals. Why didn’t we declare a 0% corporate tax rate for one year? Coupled with serious government cutbacks (heaven forbid) that alone would have caused the growth we needed, the job production, and it wouldn’t have cost us a dime. These bailouts aren’t really bailouts – they’re investments in government. The solution they’re proposing will result in larger budgets and more government workers. What happened to free enterprise? What the hell do conservatives believe in if we’ll sit idly by and allow our system to take over our lives?

blankminde on January 8, 2009 at 4:01 PM

don’t forget popularizing Euthenasia

jp on January 8, 2009 at 4:00 PM

You in Washington state, or Oregon?

CyberCipher on January 8, 2009 at 4:03 PM

lower corporate tax rates are needed, not going to happen in an election year though.

the timing was absolutely horrible, and to sound like a Truther. I do question the timing.

jp on January 8, 2009 at 4:06 PM

Yep.

Reagan left us the blueprint for success, and through two presidencies of guys named Bush, we’ve fumbled it away.

I like and admire many things Bush did, but his wholesale abandonment of limited government is not among them.

Hate to say it, but it’ll take us years to come back from that one, if we ever do.

Hawkins1701 on January 8, 2009 at 4:17 PM

1. Yes.

2. I do not know. But I do know that soup lines fed a lot of people. And btw, my people went to that migrant camp

when FDR was president so it is not as if he was giving people a free ride. People were starving. Starving.

3. Well, not really. But in cities all over the country mayors and Governors of both parties have for years sold the idea that the teams bring revenue. Personally, in the scheme of things I think it is a silly subject for debate. I say, it is up the states and the communities.Terrye on January 8, 2009 at 3:48 PM

1. McCain was definitely for amnesty. Do some research.
2.Some of my relatives were sent to detention camps during WW2, because they were German. So be it.
3. I do not know of a single taxpayer who got to vote for tax subsidized sports teams.

Johan Klaus on January 8, 2009 at 4:19 PM

It’s so easy for these crooks to ask us to sacrifice our lives for the benefit of unnamed, unborn future children. They’ve been making such empty promises for generations.

Sign of the Dollar on January 8, 2009 at 4:22 PM

Michelle is 100 percent right. Listening to Obama on the economy sounds the exact same Bush themes.

Valiant on January 8, 2009 at 4:31 PM

Respect to Malkin, but what credibility does she have regarding economic expertise. I’d rather hear what experts with contrasting views on the subject have to say. Malkin’s an ideologue with a preconceived notions and an agenda…sort of worthless on this subject.

dakine on January 8, 2009 at 5:06 PM

That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

Ernest on January 8, 2009 at 5:06 PM

Obama and Co. are going to have to pay for all this somehow and we all know they’re eager to take a giant bite out of the military but the question is how big?

Not to worry though, Obama’s “civilian defense force” or whatever it was called will keep us safe.

*starts looking for ammo sales…. mre’s, bottled water, etc. might not be a bad idea either*

Yakko77 on January 8, 2009 at 5:08 PM

I do not what the answer is to high health care costs. They are just ridiculous. They really are. Health care was never free, but there was a time when it was within the realm of the possible to pay. Now, even with insurance it is just beyond reason.

Terrye on January 8, 2009 at 3:57 PM

Two contributing factors to the high cost of health care is; Lawsuit abuse and government involvement. (socialism)
You think it is high now wait until it is “free”.
Check out your local emergency room and see how many illegal aliens are there. Do you think that they are paying for their own health care?

Johan Klaus on January 8, 2009 at 5:11 PM

Respect to Malkin, but what credibility does she have regarding economic expertise. I’d rather hear what experts with contrasting views on the subject have to say. Malkin’s an ideologue with a preconceived notions and an agenda…sort of worthless on this subject.

dakine on January 8, 2009 at 5:06 PM

Check out Dr. Walter Williams or Dr. Thomas Sowell on the subject.

Johan Klaus on January 8, 2009 at 5:14 PM

Respect to Malkin, but what credibility does she have regarding economic expertise. I’d rather hear what experts with contrasting views on the subject have to say. Malkin’s an ideologue with a preconceived notions and an agenda…sort of worthless on this subject.

dakine on January 8, 2009 at 5:06 PM

MM doesn’t just make stuff up. Her articles always have links provided in them to back up her views. To my knowledge, she’s not an economist but she does her research and does make every effort IMO to inform herself.

Yakko77 on January 8, 2009 at 5:18 PM

Yakko77 on January 8, 2009 at 5:08 PM

Since so many dems are so enamored with Europe, look out for the dreaded value add tax.

Johan Klaus on January 8, 2009 at 5:20 PM

The socialist want to get as many people on the public dole as possible. Sort of like the fox, the wolf and the hen voting on what’s for supper.

Johan Klaus on January 8, 2009 at 5:27 PM

The socialist want to get as many people on the public dole as possible. Sort of like the fox, the wolf and the hen voting on what’s for supper.

Johan Klaus on January 8, 2009 at 5:27 PM

It wont matter how much worse the Dems make things just so long as voters are getting “free” stuff they’ll keep voting for them. It’s generally accepted that FDR made things worse but people still loved the guy. It’ll be the same with Obama unless by some miracle the voting public wake up and see the error that was making Obama our CinC.

Yakko77 on January 8, 2009 at 5:35 PM

The rapid deflation we have, combined with dumping trillions of extra borrowed dollars into the economy means massive inflation down the road. At what point will the liberal generated fear and pain lead to armed revolt?

By 2010 according to this Russian professor. There was a thing going around the Internet a few years back, maybe more, with a guy claiming to be from the future saying we would be in civil war by some year about now.

I’m not a pessimist, but these next few years could get VERY interesting.

PastorJon on January 8, 2009 at 5:38 PM

Respect to Malkin, but what credibility does she have regarding economic expertise. I’d rather hear what experts with contrasting views on the subject have to say. Malkin’s an ideologue with a preconceived notions and an agenda…sort of worthless on this subject.

dakine on January 8, 2009 at 5:06 PM

Ah, right. And let me guess… you’re supporting a junior senator from Crook Co. IL/community organizer – turn – POTUS to pull us out of this mess in a single bound.

Talk about worthless.

Oink on January 8, 2009 at 5:50 PM

It wont matter how much worse the Dems make things just so long as voters are getting “free” stuff they’ll keep voting for them. It’s generally accepted that FDR made things worse but people still loved the guy. It’ll be the same with Obama unless by some miracle the voting public wake up and see the error that was making Obama our CinC.

Yakko77 on January 8, 2009 at 5:35 PM

To many people, perception is reality.

Johan Klaus on January 8, 2009 at 5:52 PM

Ah, right. And let me guess… you’re supporting a junior senator from Crook Co. IL/community organizer – turn – POTUS to pull us out of this mess in a single bound.

Talk about worthless.

Oink on January 8, 2009 at 5:50 PM

Yeah, but he was a senator for two and a half years. Heck, the congress had an approval rating almost half as high as Bush.

Johan Klaus on January 8, 2009 at 5:59 PM

blankminde on January 8, 2009 at 3:52 PM

Conservatism hasn’t rotted from within. You’re thinking of Republicanism. There is a huge difference. The “wizards of smart” in the Beltway have been ignoring Conservatism for years banking on the “lesser of two evils” idea that Democrat Lite is more appealing than the Democrat Extra Strength concept. We lost our way when Reagan was coerced to add George H.W. Bush to the ticket in 1980. Had he stuck to his guns and added who he really wanted all of this could have been avoided. Conservatism is the only way up. The 80′s was riddled with it in the White House and times were prosperous. During the 90′s we returned it to Congress and prosperity rose again. We (the country) abandoned it when we elected GWB because of the “Compassionate Conservative” moniker. We were duped into thinking that it was Conservativism without the fire and brimstone but it was actually socialism with fire and brimstone.

rmel80 on January 8, 2009 at 6:21 PM

I’m looking forward to being dead long before the end of the Bush/Obama Great Depression II is over and before the middle of the twenty first century when my great grand children will be paying taxes that are 50% of GDP.

burt on January 8, 2009 at 6:34 PM

I am curious to see what the hapless republicans will do with this stimulus package. First indications are that they are still proceeding as democrap lite dumb bells and are likely to vote for this disaster.

Zorro on January 8, 2009 at 7:05 PM

What the hell do conservatives believe in if we’ll sit idly by and allow our system to take over our lives?

As long as we’re safe….and it’s for the children.

angelat0763 on January 8, 2009 at 9:22 PM

Quite a dust-up on Michelle back there. She is absolutely right on Dubya bursting the tttttttttrillion barrier for Barry (pardon my stutter). Reagan was so prescient about needing a balanced budget amendment. And the same supreme court that protects free speech for smut, but guts it for McCain Feingold, crushed our fiscal restraint efforts with its line item veto decision. Carry on Michelle. As for me, I pray every day that the world markets refuse to buy any more US bond paper. We can’t spend it if they won’t loan it.

Mark30339 on January 8, 2009 at 10:03 PM

Respect to Malkin, but what credibility does she have regarding economic expertise. I’d rather hear what experts with contrasting views on the subject have to say. Malkin’s an ideologue with a preconceived notions and an agenda…sort of worthless on this subject.

“Experts with contrasting views:” Like the Naked Emperor Hank Paulson? Talk about worthless.

At least “free-market ideologues” have rudders.

Judge my credibility by my record. Go through my entire archive on the subprime crisis over the last year. Compare my analyses and predictions about the road Paulson would lead the Chicken Little Congress to his ever-evolving TARP and poo-flinging-against-the-wall approach to “rescuing” the economy.

No, I do not have an economics degree or an MBA. But the people who continue to pour all our money into a bottomless sinkhole do.

Michelle on January 8, 2009 at 10:21 PM

Looks like Bush is going to get blamed for Obama’s 4 years in office. Sad really…

Jesse on January 8, 2009 at 11:01 PM

No, I do not have an economics degree or an MBA. But the people who continue to pour all our money into a bottomless sinkhole do.
Michelle on January 8, 2009 at 10:21 PM

No,Michelle; But you do have common sense and the ability to cut through the clutter and see the truth.

I do have that MBA+ and have done economic analyses for (state) government…..And I completely agree with what you have said throughout this thread.

And after going through a bunch of lousy leftist economics professors, I finally learned to understand it from one of the best… Allen Parkman, who was one of Reagan’s top economic advisers in the first half of his first term. (It was after Allen left the administration that Reagan made most of his economics mistakes.)

LegendHasIt on January 9, 2009 at 12:24 AM

They should have foreclosed the mortgages and put their houses on the market to pay off the rest of the mortgage. People looking for a good deal would have eaten them up. The people that lost their house? They learned a lesson and they now can get into something that they can afford. Life is tough.

mixplix on January 9, 2009 at 5:43 AM

What’s a better way to get young people involved in politics than picking their pockets? I hate saying this but, this really is not helping Michelle Obama’s children.

tgillian on January 9, 2009 at 8:35 AM

Once again, she tells the naked truth.
Thank you Michelle!

Christine on January 9, 2009 at 9:43 AM

…No, I do not have an economics degree or an MBA. But the people who continue to pour all our money into a bottomless sinkhole do.

Michelle on January 8, 2009 at 10:21 PM

Hence, the term “educated idiot”.

My collie says:

CC, you mispelled Ann Coulter’s name in your earlier comment.

My bad — I’m sure Dan Quayle feels my pain.

CyberCipher on January 9, 2009 at 9:59 AM

No, I do not have an economics degree or an MBA. But the people who continue to pour all our money into a bottomless sinkhole do.

Michelle on January 8, 2009 at 10:21 PM

“If you love America , you throw money in its hole.”

It’s fascinating how people refer to the critics non expertise, where have all those group thinking “experts” led us today.
It’s the just reenacting the saga of ” The emperor has no clothes” and it’s elitism.

the_nile on January 9, 2009 at 10:08 AM

True.

Another bush economic mess.

Let’s run Jeb for a trifecta.

getalife on January 8, 2009 at 3:59 PM

With the able assistance of Barney Frank and Chris Dodd. Oh yeah, let’s not forget Jimmy Carter or Bill Clinton or Jaime Gorelick’s role in this mess either. While Bush may not be totally innocent, he’s not totally to blame either.

abcurtis on January 9, 2009 at 10:27 AM

Michelle is correct.

Bush ruined his legacy by rushing to support his uber-liberal economic advisors when they proposed the $700B bail-out of a manufactured crisis.

How could it be a world-ending crisis when a week before not a single red flag was being raised by those all-knowing experts?

notagool on January 9, 2009 at 11:13 AM

Respect to Malkin, but what credibility does she have regarding economic expertise. I’d rather hear what experts with contrasting views on the subject have to say. Malkin’s an ideologue with a preconceived notions and an agenda…sort of worthless on this subject

Try Sowell and Williams.

Wade on January 9, 2009 at 1:13 PM

No, I do not have an economics degree or an MBA. But the people who continue to pour all our money into a bottomless sinkhole do.

Michelle on January 8, 2009 at 10:21 PM

Zing.

LibTired on January 9, 2009 at 1:45 PM

Stages nations progress through:

1. From bondage to spiritual faith;

2. From spiritual faith to great courage;

3. From courage to liberty;

4. From liberty to abundance;

5. From abundance to complacency;

6. From complacency to apathy;

7. From apathy to dependence;

8. From dependence back into bondage

What stage are we in?

Number 7

Entelechy on January 9, 2009 at 4:45 PM

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