October 7, 2008

Larson: Obama's snake oil...

Posted: 04:17 PM ET

I know the mainstream media wants to paint Senator McCain as the desperate one in this Presidential race, but I saw Senator Obama working hard to sell a lot of snake oil last night. He claims his spending cuts eclipse his spending proposals? I see 860 billion in new stuff but I don't see that much in cuts. Obama "never promoted Fannie & Freddie"? that must have been why they made you the top recipient of campaign donations huh? The Illinois Senator says we now have to coordinate our regulations on lending and borrowing "with other countries"? Obama says that health care should be a "right". If health care is a right, what about food and housing?

I loved Senator McCain calling to build nukes "lots of em". McCain reminded the audience that Obama promised not to raise taxes even on the rich (abc Sunday show) if the economy is bad. Well, Senator Obama, that rainy day has arrived.

Senator Obama says there is a "moral obligation" for the United States to act even when there is not a security interest for our country. And to put a finer point on it, Obama said "when ethnic cleansing is happening somewhere around the world". If true Senator, why wasn't there a moral obligation to liberate Iraq as we did? Didn't you see the video of the graves of the hundreds of thousands, the kurds gassed in the streets of their towns, and the marsh people driven from their homes.

Obama keeps saying that America is spending 10-billion dollars a month in Iraq (a number I would debate with him if he would ever agree to interviews). That's a lot of cash, but it's less than one percent of America's monthly GDP. And the Senator keeps referring to Iraq's 79 billion dollar "surplus". Iraq has oil income (not a surplus) of 79 billion dollars a year for a country of 27 million people. That money must pay for all the costs of a government and its population. That means a country starting its own police and military, rebuilding nearly all its infrastructure, and supplying most of the needs of its people from one income source has just 3-thousand dollars for each man, woman and child (including energy, health care, schools, transportation etc). by comparison we spend 9-thousand dollars for each citizen just on government (3 trillion divided by 300 million citizens).

(Visit Lars Larson's radio show page!)

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Filed under: Lars Larson • Politics

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