Austerity might not be the answer. I never said it was. What I will say is that Barack Obama's decision to go after things like the ACA and Cap & Trade legislation coupled with calls for higher taxes was the exact wrong thing to do in the midst of a recession.
Obama CUT taxes for 95% of US dumbass
"We cut taxes for 95 percent of working families."
—
Barack Obama on Wednesday, January 27th, 2010 in a State of the Union speech
"We cut taxes. We cut taxes for 95 percent of working families. We cut taxes for small businesses," Obama said.
"We cut taxes for first-time homebuyers. We cut taxes for parents trying to care for their children. We cut taxes for 8 million Americans paying for college."
Tax cut for 95 percent? The stimulus made it so
Yeah, that $400 one time tax credit was EPIC! So you and I got a $400 tax credit...and Solyndra got 550 million! Nice job on that "stimulus", Barry!
40% OF STIMULUS WAS TAX CUTS DUMBFUK
Solyndra? Dubya's thing?
Solyndra=1% of DOE energy money
Reuters: Venture Capitalists Point To Solyndra As One Of The Top 10 Companies "Ripest" To Go Public. Reuters reported in August 2009:
Investors eye top startups as IPO market awakens - Aug. 19, 2009
Market Conditions Shifted Significantly from 2009 to 2011
"advantages that were more important in 2009 when it received a $535 million U.S. loan guarantee to build a factory" than they are now, noting that the price of the silicon-based panels with which Solyndra was competing "has fallen 46 percent since then."
Obama’s Solar Bets May Avoid Solyndra’s Fate With Low Costs
Bush Admin. Advanced16 Projects, Including Solyndra, Out Of 143 Submissions
Hearings and Votes | Energy & Commerce Committee
DOE Under Bush Admin. Set Out Timeline For Completing Solyndra Review
http://energy.gov/sites/prod/files/Solar Background Document 1.pdf