The Buck Stops… With The Last Guy

September 1st, 2010 by Lee Eldridge

“Unfortunately, over the last decade, we have not done what is necessary to shore up the foundation of our own prosperity. We have spent over a trillion dollars at war, often financed by borrowing from overseas. This, in turn, has short-changed investments in our own people, and contributed to record deficits. For too long, we have put off tough decisions on everything from our manufacturing base to our energy policy to education reform. As a result, too many middle class families find themselves working harder for less, while our nation’s long-term competitiveness is put at risk.” This is from President Obama’s speech on Iraq, August 31, 2010.

Harry Truman -- The Buck Stops Here“You know, it’s easy for the Monday morning quarterback to say what the coach should have done, after the game is over. But when the decision is up before you — and on my desk I have a motto which says The Buck Stops Here’ — the decision has to be made.” This is from President Truman’s farewell address to the American people given in January 1953.

President Obama has continued to blame “eight years of failed policies” for our current economic climate. Never mind that the democrats have been in control of Congress since the 2006 election. Never mind that recessions are cyclical and unavoidable. But now President Obama has stated that the war on terror, and the money spent in Iraq and Afghanistan, is to blame for our current lack of prosperity. Hhhmmm, one trillion spent over the last decade fighting terrorism, or this year alone where we have a $1.3 trillion deficit due largely to out of control spending from the White House and Congress. And projections for another trillion plus next year in deficit spending.

Where does the buck stop? I guess with Obama it still stops with the last guy.

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8 Responses to “The Buck Stops… With The Last Guy”

  1. Steve Says:

    You seem to be implying that this deep of a recession comes along every six years? Agree, costly, unnecessary wars are a big part of it. Wonde who hoodwinked us into that. I wouldn’t take that blame or buck up for that either. And we’re not going to snap out of it lickity split, and not without…….Spending. I’d like to see what would have happened if Obama would have taken the hands off approach and just let all of the big banks go under and all of the car companies and businesses fail. All would be screaming bloody murder because he wasn’t doing anything.

  2. Lee Eldridge Says:

    Nope. Not implying that at all. This is certainly one of our darkest economic times since the Great Depression. Only stating the fact that recessions will happen no matter WHAT our government does.

    Can their actions contribute to the atmosphere that creates a recession? Absolutely.

    Can their actions impact how quickly or slowly we climb out of a recession? Absolutely.

    Also looking at federal outlays (total money spent by fed govt) over the last ten years and the one trillion spent on Iraq / Afghanistan is not a very large percentage of that money. Shoot, in 2011 alone our federal budget on defense and defense related spending is MORE THAN $1 trillion. Only about 10% (my guess based off of past war costs) of that will be spent on Iraq / Afghanistan.

  3. Allan Mitch Says:

    The ship of state is like a huge ocean liner. You can change captains in a middle of a voyage, but that doesn’t mean you can change direction easily. Policies, laws, appropriations that were committed to by the Bush administration has to be enacted and administered by the present administration. The Bush tax cuts, the Bush enacted TARP program, the Bush enacted wars in Afghanistan, the Bush era lack of oversight in lending practices have left a costly legacy that can not simply be wished away. It took Bush 8 years to get us to commit us to where we are today. It will take time to dig us out of this hole. Obama and Congress should be held responsible for action and the pressure should be maintained for them (especially Congress) to act.

  4. Julie A Says:

    Quote: “The Bush tax cuts, the Bush enacted TARP program, the Bush enacted wars in Afghanistan, the Bush era lack of oversight in lending practices have left a costly legacy that can not simply be wished away.”

    fricken hilarious! Part of the reason that Bush was so unpopular when he left office was all of his agreement with the democrat congress FOR INCREASING AMOUNTS OF SPENDING!! That, combined with 7 years of constant Bush bashing by the media. Obama campaigns on “change” and flat out lies to the electorate, and proceeds to triple the spending that Bush did….OMFG

    Bush lack of oversight for lending practices?!?!? Ever heard of Barney Frank, Maxine Waters and Christoper Dodd?? Bush admin actually made a meager attempt to change these practices, but, being the weenie that he was, folded to the democrat congress.

    People are sick of the spending, being lied to, and blaming everything on Bush isn’t flying anymore.

    Obama was in congress voting yes for all of Bush’s spending (TARP,etc), btw. Blaming everything on Bush is just making Obama sound like a whiney teenager

  5. Julie A Says:

    In a true free market (which we haven’t had for a long time), some businesses will fail… then, other businesses can go in and fill that void. This is the problem with the present day economic thinking… capitalism is designed to flesh out the ideas that do not work. And reward the good ideas. Massive bailouts (and spending) like we have been seeing only prolongs the problems. Very similar to Darwin’s theory of evolution

  6. Julie A Says:

    Many people believe that what brought us out of the great depression was WWII…. but actually what ended the great depression was that FDR died. Ok i’m partially kidding but he was a bid spender too

  7. Bobby Says:

    Obama is now in full campaign mode again. Did you see his speech this weekend? He’s been “treated like a dog” he says. Well wait till the voters get a hold of him again 🙂

    And by the way, I treat my dog very well thank you.

  8. Julie A Says:

    I treat my dogs as if they were my children.. most Americans do. Its just another indication of how he does not really understand what this country is all about. And why would he? He came of age and grew up in other countries, and his caregivers and mentors were largely communist sympathizers, if not flat-out communists. Dogs are thought of as dirty in other cultures. Saddam Hussein used to make dog references alot