President Obama’s Hope VS Speaker Pelosi’s Pork Barrel – An Open Letter
January 21, 2009 | Author dragonfly
“Starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking America.” President Barack Obama’s Inaugural Address, January 20th, 2009
Dear Mr. President,
There are among us hundreds, perhaps thousands of dedicated, intelligent, passionate people that have been diligently working for decades at “remaking America.” One group of professionals in particular has helped a multitude of American families and small businesses escape the dungeon of debt that has become the resting place of millions of their fellow countrymen.
These professionals have helped their clients build personal economies that are thriving today while most other Americans bemoan their losses. You might ask how they helped their clients build economies that thrive in good times and bad. If you were to ask that question you would discover that there is one consistent answer.
Economies built on capital [I like to think of that as money] that is controlled by the individual as opposed to the banks, investment houses, government, unions or any other Behemoth remain solid in all economic conditions. Economies like America’s in the late 20th and early 21st century are based on debt. The reliance on debt is based on the faulty notion that debt trumps capital in the national economy and in personal economies.
Look around you, Mr. President. Is there a single institution, business, government, of family that has an economy based on capital that is in serious trouble. No. On the other hand, every economy that is based on debt – especially the one you just became responsible for – is failing and needs to pick itself up, dust itself off and begin again.
Pelosi’s Pork Barrel adds nothing to the economy. It adds immensely to the debt. It doesn’t pick us up. It drives us further down. It does not help us begin again. It forces America to continue its downward spiral. It creates no new jobs but assures cronies are paid off. It moves the economy backwards as it elevates political hacks.
Pelosi’s Pork Barrel would prove a black mark on the start of your administration, President Obama. Looking forward, accepting the Pelosi Pork Barrel would be a terrible mistake for the economy, for you presidency and – most imprtantly – for America.
By Jeffrey Reeves
Posted in Debt, Money, Personal Financial Management | 
Tags: bank, banking, banks, barack obama, behemoth, debt, economics, economy, inauguration address, investing, investments, Money, national economy, pork barrel, remaking america, thrive