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March 3, 2009

Chuck Norris: Obama + Congress = Economic Chaos

Posted: 03:29 PM ET

By actor and commentator Chuck Norris

Ronald Reagan was right when he said: "Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."

The next stage of out-of-control government spending started when George W. Bush bailed out Wall Street with $700 billion (new debt No. 1). But Congress didn't learn from that failure, and apparently, neither did Barack Obama. So the newly elected president pushed for the next stimulus bill (debt No. 2), this one for $787 billion.

But that wasn't enough, either, so the recent $410 billion omnibus spending bill (with 9,000 earmarks - 60 percent originating with Democrats and 40 percent with Republicans) is being railroaded through Congress to keep government moving until September (debt No. 3).

And then Obama informed us last week that another $634 billion is required for a down payment on universal health care. Before there's a plan, there's already a payment (debt No. 4).

READ MORE of Norris' commentary HERE

Filed under: Obama


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Gary Chandler in Canada   March 3rd, 2009 4:12 pm ET

Chuckie Chuckie Chuckie;;;
No matter what plans or policies you Conservatives come up with, no matter how sound and sane; there is always the ONE BIG FLAW in YOUR reasoning!!!
You want the government to 'get out of the way' and let the Enrons, Martha Stewarts, AIG's, Conrad Black's, Fanny and finky's, lehmans to have the 'freedom' to run the show.
I can give you 55,000,000,000,000 reasons why that is NOT a good idea.
A REAL Republican would rise up against the modern day Aristocracy, NOT be their PAID Loyalists.
America NEEDS Government for the PEOPLE!
Circle the Wagons!
WHY is the World Bank and IMF NOT doing their job???


Michael C. McHugh   March 3rd, 2009 4:30 pm ET

We need to follow Keynes and use deficit spending to stimulate the economy.

Republicans just don't undertsand what's happening.


6o's Survivor   March 3rd, 2009 8:04 pm ET

GOP = same tired answers – the party of "no" has got to go!


Jack   March 3rd, 2009 8:38 pm ET

NAFTA + Outsourcing+ Cooperate greed = Economic Chaos


WillD   March 3rd, 2009 9:24 pm ET

You are talking to experts about the mess the economy is in, and then Larry interjects that Manny has signed for $45 mill. Whose side is he on? The more we pay stars, the higher the tickets go! Who will go to watch them?


Landa   March 3rd, 2009 9:31 pm ET

I can't begin to understand why this is posted on a substantial site like CNN.com. Since when did chuck norris become the political voice of the people. he's the hollywood version of Rush Limbaugh?


J.D. Pearson   March 3rd, 2009 9:31 pm ET

Hey Mr. King could you ask both gentlemen why we spend so much money per year on a prisoner and so little on a student? What may the GOP side be, and what would the DEM side be.

Thanks JD


aliou   March 3rd, 2009 9:35 pm ET

Chuk what?

Bush distributed our money to war lords in usa. In the last minute, he signed a bill to borrow more money and shared to the banks.

Does chuk not remember that?


Guy   March 3rd, 2009 9:48 pm ET

I am a registered Republican. The way Republicans are presenting themselves is soooooo old. Rush Limbaugh is soooo old. Please Larry, can you find something else to air?!


garrick   March 3rd, 2009 9:49 pm ET

its always about the rich wanting more tax cuts give me a break,if they get a cut on their finger they want a tax cut,if they have a bad day they want a tax cut,if they rip off the poor they want a tax cut that the cure for everything for the GOP. no more tax cuts,pay more to help the poor.you have had your way for 8yrs.


al   March 3rd, 2009 9:53 pm ET

Explain to me why if I make more than $250,000 I must pay higher taxes? If I make more, I automatically pay more money. Why should my PERCENTAGE of taxes paid be increased? Why should I be punished for going to school for 24 years, working hard, saving and making careful desicions? Why do democrats keep saying that the rich need to pay their "fair share" I already pay more PERCENTAGE and TOTAL money than someone who makes less. Why kind of a break I'm I getting? Please tell me because last time I checked the top 5% that you keep talking about pays over 50% of the TOTAL taxes generated!!! Not all people that make $250,000 are wallstreet crooks so stop talking that way to pander to others!!! Taking from the rich to give to the poor IS comunism is it not?


james melton   March 3rd, 2009 9:56 pm ET

When conservatives complain about Obama's proposed taxes on the show, ask them if they liked taxes under reagan ? Well, Obama proposes to revisit those rates in his plan. A conservative then has to decide if they truely like rates under reagan or do they just love lying.


Stan Gere   March 3rd, 2009 10:01 pm ET

I have yet to hear from the Republicans a viable alternative plan to get us out of this huge mess that Bush got us into.


al   March 3rd, 2009 10:11 pm ET

I agree with a stimulus to build roads, schools, help restructure the mortgage industry etc. When congress signs and passes a bill that not a single one read, please don't tell me about democratic responsibility. Bush DID try to pass financial and mortgage regulation in 2003 and was defeated by democrats. Recall that? I' sure not. You know, I was offered one of those mortgages. You know what I did? i READ the terms and contract and it made no sense. I bought far less home than someone who makes half of what I do. Irresponsibility of some does not mean it needs to come out of MY POCKET. Pleople hear stimulus package but I have YET to speak to anyone who actually knows wht is in it. there has NEVER been so much pork attached to a bill. Is that not what he critisized? Everyone talks about Bush getting us into things but other than the Iraq war, no specifics are spoken.


Eric   March 3rd, 2009 10:17 pm ET

Stan, When Huckabee was running he had an economic plan that will-WILL work. He was ignored and now we got Obama. Huckabee was the smartess one for the job, but do to people blindly voting for our superhero. This is where we are at!


Veronica   March 3rd, 2009 10:21 pm ET

Bush + Cheney + Bin laden family+ Rush+Fox = Wold Chaos


FELIX MARQUES   March 3rd, 2009 10:35 pm ET

TELL THE GOP SENATORS, TO ASK THEIR RICH BUDDIES, IF
THEY ARE WILLING TO TRADE THEIR 3.9% TAX HIKE FOR THE
10-20% WAGE CUT, SOME WORKERS ARE TAKING.
DEAL OR NO DEAL?


Michelle   March 3rd, 2009 10:55 pm ET

Why can't the entertainers stick with entertaining.


Penny Lane   March 3rd, 2009 11:03 pm ET

My question is: Why are the fat bankers getting away with all the $$$$?
The banks are going under because the top CEO's did not have a clue of what they were doing. Or did they?
One way or another, they should be held accountable and stop blowing smoke screens on the unexpecting public and the government. These bankers filled their pockets for far too long. Why should we keep emptying ours to fill theirs? This makes no sense, and makes a lot of angry citizens. If they were held accountable it would not hurt so bad to spend so much money to heal our economy.


Hillary NH   March 3rd, 2009 11:07 pm ET

It's about time our country has a president to stand up for it's people. Fot the first time our voices are heard. Great Job President Obama!!!


Hillary NH   March 3rd, 2009 11:10 pm ET

AIR THIS

GREAT JOB TO OUR PRESIDENT BARAK OBAMA WE THANK YOU!!!!!


Armand NH   March 3rd, 2009 11:24 pm ET

The days of selling the American people a package that lines the pockets of the rich and takes the food off the table of hardworking Americans are over. You can not heard us like cattle and make us believe what we now know to be a lie. How can a working person spend $400 a month on health insurance only to have to pay the first $8000.00 of medical bills with no prescription plan. $12,800 a year before the insurance kicks up a dime?!?!!! Socialize medicine? What we have now is medicine for the rich and famous and ' buy these from us until you die' for the working class. Then to boot the rich pay no tax and the poor give up 25% of their already nothing salaries to taxes and recieve no benefit. They can't even give us decent schools and bridges. These are recipies for revolution, and that my boyos is what we got this november. Kick and scream Rushey boy the socialization has just begun.POWER TO THE PEOPLE,,,,,,,,GOD BLESS AMERICA!


Armand NH   March 3rd, 2009 11:30 pm ET

We cannot have a Health Care System that is based on PROFITTING from sickness and death. IT is inheritly EVIL and by definition there is no way you can PROFIT from the pain of others without being evil. PERIOD AND END OF STORY. Angels heal, devils kill, look it up.


Eric   March 4th, 2009 12:35 am ET

Throughout President Obama's presidency he's repeatedly talked about being "held accountable." With all the mentioning of accountability I have not once heard what will happen if this plan does fail. How exactly will the American people hold their elected officials accountable? What will we do?


Vallen Mikulski   March 4th, 2009 12:56 am ET

Why is it when the Democrats are going to tax the rich (and mostly Republican)- the Republicans tells us how bad it will be for the poor?


Charles Ronk   March 4th, 2009 1:05 am ET

As much as I respect Mr Norris I think that people speaking out because they are popular without an education to back them is just foolish. Especially people that are wealthy. I am sure that President Obama with his education is far more suited to make good judgements for the people then Mr. Norris.


Charles Ronk   March 4th, 2009 1:35 am ET

I must say Jack you have it right this problem did not start with the savings and loan debocale, the housing bubble our any other reason most people on television are talking about. It started with NAFTA. Anyone with any common sense can tell you that for nearly a decade after trade agreements like NAFTA you will get a short term pop in the economy as cheap labor pushes up corporate profits,but as the dominos fall and Good paying Jobs leave the country and I am not talking about $100,000 a year jobs but blue collar jobs paying 40-50 thousand dollars a year the economy will collapse and it has. Most of these people have 401k plans that companies contributed too each week. When these people loose their jobs they and their companies stop investing. Multiply this by a millions of times and it makes sense that the stock market would fall as investing falls off. I could right a book on this and explain every failure that lead to this collapse and how to fix it. The scary thing is know one is on the right track yet. Obama is closer than the republican party yet he still doesn't have it right and that scares me.


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