Friday, January 30, 2009

1376 Obama - Great Society

excerpt form Glenn Beck show 20090130
stimulus plan???????
Mayor Giuliani:
Lyndon Johnson would have called it Great Society II. This is expanding Medicaid. It's expanding Government control of health care records. It's expanding the number of people that are on Government health care that are getting private insurance. It's a tremendous amount of money going into the teachers unions, a tremendous amount of money going into the health care industry. It's spending on keeping us, you know, greener or getting us greener. These are all things that arguably are good or bad social results. They have very little to do with stimulating an economy. I ran a city that was in roughly the same shape in 1994 when I took it over as it is today. In fact, in 1994, unemployment was higher than it is today by a lot and our budget deficit as a percentage of the budget was even worse and I got New York City out of trouble. I didn't invent the method, but it's the only way to get a government our trouble. Here's how I did it, again, I lowered spending by an enormous amount and I lowered taxes that by lowering them would put more money in the economy. This is going in exactly the wrong direction.

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