Near-term historical amnesia?

Dear Editor,

When President Barack Obama, makes statements to the effect that we have tried tax cuts over the last eight years and they didn't work and therefore his 900 billion dollar stimulus plan should go rapidly through the Senate, I guess that he is hoping that the many of us will have near-term historical amnesia.

The Bush tax cuts did work, jobs were created and the economy generally prospered until the sub-prime fiasco began to unwind. What did not work was the exorbitant money or portion of the economy that was dedicated to install the Bush flawed theory of an Islamic/Democracy in Iraq, better known as adult day care Iraqi style.

Also, what did not work was the Clinton-era White House and Democratic House and Senate minority who, during the 1993-1999 period purported, the Democratic House and Senate notion that we could combine affirmative action, economic disadvantage and the community reinvestment act in order to create a home ownership society via sub-prime mortgages.

So sorry, all three of the prior, have nothing to do with a persons ability to service a loan DA DE DE DUMB DUMB!

The success of which the Democrats at that time, could ride them into what they now have, a majority in the house and senate. No wonder they were and are in such a hurry to bail out everyone. Lets not stop and think about this, we need action now. Yep, let's fund ACORN for 5 billion.

In short, what Obama is trying to do is to shift the reason for the sub-prime/financial institution meltdown upon the Bush Administration and the Republicans. While there is shame and blame to be spread, the Clintons, Franks, Dodds, Pelosis and Schumers were the clear architects of the subprime fiasco and mustered there strength of office to push and prod Fannie Mae and Freddie Mac into the putrid toxic flow. Indeed as the toxic stream became a river of red ink flowing out of Wall St, it then became a most broad economic phenomena.

Republicans spanning from Chuck Hagel to Lindsey Graham warned of potential problems associated with subprime lending but were nullified and muted by Democratic politicians who hired a primarily Republican public relations firm to minimize and diffuse the subprime issue as it was being brought to Capitol Hill's attention by persons like Sen Chuck Hagel, Graham and former President Bush.

I hope that our president does better soon. When his charm offensive wears off, I find very little real economic substance in his proposals, including the alternative energy ones. Perhaps this is because the president's more of a community organizer. One of the secrets of obtaining government grants or soft money is submitting grant applications that promise to do many multiples above what you know is realistic. After receiving the money/grant you then write the government back shortly before the end of your second quarter with a revised proposal, typically reduced by 60 percent in the goods and services that your organization will supply. How do I know? I was a Quality Assuarance Manager for a community organizer.

The government beauracrats almost always accept the revised proposal. Why? Because if they did not and pulled the grant, they would have to answer to government higher ups for why they made the grant to begin with. Heads might roll.

What's the moral to the story? Watch closely as The Camelot of Change becomes The Corresponding Catastrophe. Be prepared for downward revisions; they will be blamed on quess who? The president has predicted that if the Senate does not move quickly, then we would have catastrophe.

By the way, I have an antipathy for guns and religion!

Allan C. Jackson II

McCook