Are You An Obamulist?

Great wisdom spoken by one of our favorite people and a great pick for the GOP ticket in 2012, Governor Sanford of South Carolina…oh wait, he used to work for Goldman Sachs, so he is going to be burned at the stake and stoned if he ever runs—

“I think that the great temptation of today’s politics is that you’ve got to do something. In many cases doing something can make a problem bigger.

“At some point people have to level with the American public. Debt grew at three times Gross Domestic Product over the past 15 years. We’ve had a spiraling up of debt. The idea of issuing more debt to solve a problem created by too much debt to me is counterintuitive, yet that’s the route we’re going.

“And so given the fact that there’s too much debt, we’re going to go through a de-leveraging process as individuals, as businesses, and as a country. It will be painful.

“But if we simply apply a bunch of different band-aids on top of it, it’s going to take that much longer to heal. That process of applying different stimulus band-aids to ultimately maybe ease pain but prevent healing is the course we’re on, and I think it is a huge mistake.”

You hear that Elizabeth? I'm coming to join you honey

Filed under: Big Government, Conservative, Finance, Investing, Liberalism, Money, Obama, Politics, Socialism | Tagged: Congress, Conservative, Economy, Finance, Liberal, Republican, Sanford, Spending, Stimulus