The Reagan Brat Response:
A Response to President Barack Obama’s Press Conference Speech on March 24, 2009

Let me begin the official response to Mr. Obama’s press conference speech this evening by quoting him:

The most critical part of our strategy is to ensure that we do not return to an economic cycle of bubble and bust in this country. We know that an economy built on reckless speculation, inflated home prices, and maxed-out credit cards does not create lasting wealth. It creates the illusion of prosperity, and it's endangered us all.

Correct, Mr. President, we should not create an economic bubble. 

Right, Mr. President, we cannot live on maxed-out credit. 

Yes, Mr. President, excessive borrowing does not create lasting wealth. 

Right again, Mr. President, running up debt only creates an illusion of prosperity. 

You condemn the policy of excessive spending and excessive borrowing by American individuals.  Yet you force us to accept government’s greater excessive spending and excessive borrowing.

Reckless speculation indeed. 

Mr. Obama, you are creating the largest economic bubble that will burst in disaster.  Borrowing tax revenues from the next 20 years in the future is creating a colossal bubble.  You are stealing money from the future to fund government today.  Since you spent tomorrow’s money to fund government today, how will we fund government tomorrow?

Mr. Obama, in your first 60 days you have over doubled the deficit.  After yet more spending you promise after 4 years to cut the deficit to where it was when you took office. 

You promised us transparency.  Why do you and the democrat congress sneak through these plans before anyone can read them? 

You promised us oversight.  Where have our trillions of tax dollars gone?  We know where the lobbyists are. 

Mr. President, you’ve exhausted the promise card.  Show us!  Provide transparency you promised.  Provide oversight for our trillions you already spent. 

Why do you prescribe a planned massive bubble of government we cannot afford?

Is it reckless speculation?

When the Great Depression began, our government borrowed large amounts of money as you are doing now.  As a result the depression lasted over 10 years.  Your plan was tried then and failed miserably.  For the past 60 days you spent trillions of dollars, on top of the trillions you voted for while in congress.  All those plans have failed. 

Reckless speculation? 

Last month you spent $787 billion to create 4 million new jobs.  With that money I could have paid 4 million people $200,000.  Mr. Obama, how is it possible you spent $787 billion and our economy lost jobs? 

We have sought to solve the problems of unemployment through government planning, and the more the plans fail, the more the planners plan.

Ronald Reagan spoke those words decades ago.  Economics taught us that lesson.  History reminds us with facts every time planners come around.  Increased government spending does not end recessions nor create jobs. 

Mr. Obama, your final months in congress you supported a $750 billion plan.  It failed.  You planned us $787 billion of spending to “create jobs”.  It failed.  You gave us a $450 billion plan.  It failed. 

Mr. Obama, do you know how much these plans have cost the American taxpayers (present and future)?  Those plans combined add up to Two Trillion Dollars.  That was enough to pay 40 million people $50,000.  Yet more people lost jobs under your plans. 

Reckless speculation?  No.  There is no speculation involved.  The facts are transparent.  Your plan is an utter disaster.  Two trillion tax payer dollars has been wasted.  No jobs have been created.  No jobs have been saved.  More jobs have been lost.  And the American people must pay for your plans. 

Reckless.  Your plans are reckless.  Reckless in the face of history.  Reckless in the face of present facts.  Obviously reckless in light of common sense.   

 

When the government borrows money from decades into the future, it destroys liberty.  It creates an illusion that we are free, but in reality we are enslaving our children with massive debt for which they had no choice.  It endangers our way of life. 

The president warned us against excessive spending and excessive borrowing.  It would create a bubble, reckless speculation, dangerous to our way of life.  Now he and his party in congress are trying to force that disaster upon us. 

 

My Fellow Americans, contact your elected officials, the planners.  Urge them to stop this recklessness.  Ask government to get out of the way.  Ask government to stop taking our money and our children’s money, so we are free to use our money to fund our businesses to create prosperity.  Only then can we create jobs and end this recession.    

Thank you, 

God Bless these United States.