By Wayne Allyn Root, 2008 Libertarian Vice Presidential candidateObama Bankrupts America with $9.7 Trillion on Bailouts and Stimulus, as CBO Confirms the Best Choice is to do Nothing.
For weeks I've been interviewed nonstop in the media about President Obama's Economic Stimulus Plan. Again and again, even conservative hosts said to me, "Well we have to do something. What would you do?" My answer is that sometimes the best choice is to do nothing. The response from talk show hosts and experts was always the same, "Huh? Are you mad? Do nothing?" Well, sometimes no decision is better than a rush-to-judgment. Sometimes "do no harm" is more important (and more successful) than "do something at all costs." Shouldn't we have learned that lesson from our decision to invade Iraq to stop Saddam Hussein from using his Weapons of Mass Destruction (that never existed)? Why rush our decisions? Why rush multi-billion or multi-trillion dollar decisions that could make or break our entire American economy? Why not step back, breathe deep, listen to economists on both sides of the argument and slowly, deliberately make decisions after months of deliberations and debate. [more...]
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