Sen. Tom Coburn: How Both Parties Bankrupted America

Published:

Entry #8,252

Comments

Avatar scorpio -
#1
first true statement on here.
Avatar Tenaj -
#2
Yeah, but it happened during the Bush Administration and Romney bankrupted 100s of companies.
Avatar bobbya -
#3
Sen Tom Coburn was part of the Bush Regimes Congress that passed the spending and deregulation legislation that has NOW led to America going bankrupt.
Avatar MADDOG10 -
#4
Obama's present strategy is so pernicious because he is misleading the tribe of "American protectionists" into thinking that he shares their populist attitudes. Nonsense. If reelected to another term, he's no more going to stop outsourcing or end offshore bank accounts (though some of Romney's seem shady) than he's going to renegotiate NAFTA. He's going to keep staffing his economic team with establishment elites from Wall Street and Ivy League universities. Any blue-collar populist who votes for Obama is going to be and feel betrayed. They're going to have less faith in politics. Told that a pol shares their perspective, only to find out that they were misled, some of them will wind up radicalized.

They'd be better off if Obama were just honest with them: Free trade, outsourcing, and Swiss bank accounts aren't going anywhere, regardless of who is elected in November and sworn in next year. In America, the left has no champion on these issues. Obama would be within his rights to claim that he has a plan to marginally reduce outsourcing, but that plan is premised on the notion that bad policy presently creates an incentive for companies to shift their labor abroad; it's therefore at odds with the idea that a CEO whose company outsourced is a pernicious man or bad leader. By the logic of Obama's own plan, tax policy is the problem, not guys like Romney. Do you know what figure I'd love to see? The number of Obama staffers and advisers who've outsourced a job at some time versus the number who've ever had one of their jobs outsourced.
Avatar rdgrnr -
#5
Don't worry about going bankrupt, boobio.
Obama said he's gonna keep spending and spending and spending until we're out of debt!
See how well it's working so far?

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