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01/05/09 4:10 PM

#2977 RE: NYBob #2970

Obamageddon knee-jerk reaction spending spree will be disaster which will be inefficient and ineffective with massive debt spending.

Why he does not deal with the exploding national debt which some are speculating that we can not last more than a few years with escalating debt.

We need to deal with the national debt. Obama can run "case scenario" with Havard business model seeing potential outcome of the big spending spree which he is planing to do, as example.

He is like a kid in a candy store with massive, detrimental debt money at disposal.





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Obama Says Stimulus Plan Will Be Approved Quickly
The Associated Press
| 05 Jan 2009 | 02:21 PM ET

President-elect Barack Obama, saying the national economy was "bad and getting worse," predicted Congress would approve an economic stimulus plan within two weeks of his taking office.

"The economy is very sick," Obama said after meeting with Senate Democratic Leader Harry Reid. "The situation is getting worse...We have to act and act now to break the momentum of this recession."

URL: http://www.cnbc.com/id/28506337/