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US Senate Briefing: Democrats’ Failure To Live Up To Promises Makes Americans Skeptical On Their Claims On Financial Bill

President Obama and Democrats in Congress are asking the American people trust them that their financial regulation bill ends bailouts, but over the last year Democrats have given Americans numerous reasons to be skeptical.

When Congress passed President Obama’s $862 billion stimulus bill, the administration was assuring members that the bill would keep unemployment around 8% and create 3 to 4 million jobs. Yet late last year the unemployment rate was 10.2% and has since hovered at 9.7%. And over 3 million jobs were lost during the course of 2009.

Just after passing the stimulus bill, which was simply piled on to the nation’s debt, Obama said, “I refuse to leave our children with a debt they cannot repay. . . . We cannot and will not sustain deficits like these without end. … We cannot simply spend as we please.” Yet this administration had a record deficit of $1.4 trillion for fiscal year 2009 and is on pace for a $1.3 trillion deficit for this fiscal year.  And the administration’s budget for the next fiscal year could result in an unprecedented $1.6 trillion deficit.

Meanwhile, throughout the health care debate Democrats asserted that the process was open and transparent. Obama once promised that when he championed a health care bill negotiations would not be behind closed doors, but on C-SPAN. By January of this year, not even C-SPAN could take that claim seriously any more, when the station wrote a letter to congressional leaders asking that the remaining negotiations be open to cameras. As CBS News noted at the time, “Other significant parts of the health care debate, however, have remained behind closed doors, such as Mr. Obama’s negotiations with the pharmaceutical industry which resulted in a deal committing the industry to a specific contribution to reform.” Responding to the letter, House Speaker Nancy Pelosi said, “There has never been a more open process for any legislation.” That might be the case if one ignores the fact that Democrat leaders wrote the final bills by themselves behind closed doors, wheeled and dealed in secret to secure Democrat votes (even leaving most Democrats in the dark at times), and voting on bills before many have had time to read them.

Given the Democrat track record on living up to these promises, it’s little wonder that, according to the AP, a recent Pew poll reported, “Public confidence in government is at one of the lowest points in a half century, according to a survey from the Pew Research Center. Nearly 8 in 10 Americans say they don’t trust the federal government and have little faith it can solve America’s ills, the survey found.”

So as Senate Republican Leader Mitch McConnell pointed out this morning, when Democrats claim that their financial regulation bill “doesn’t allow for bailouts, or that it won’t kill jobs, or that it won’t enable the administration to pick winners or losers,” Americans are rightly skeptical. Indeed, Sen. McConnell said, “They’ve heard all that before. And they’ve been burned. This time, they want us [the government] to prove it.”

About Tom White

Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog. Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.

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Tom White Says:

Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

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