This news is just breaking about FOXNews host and beloved commentator Bill O’Reilly:
Bill O’Reilly, host of Fox News’ “The O’Reilly Factor,” told CNSNews.com that President-elect Barack Obama has a “pretty good vision” on the economy and that he is not going to “second guess” Obama’s stimulus plan.
“I think Obama has got a pretty good vision of what has to happen in the economic range. But I’m not going to second guess the guy,” O’Reilly said when asked about Obama’s plan for a stimulus package that could cost up to $1 trillion.
“Let’s just see what they come up with. See what they do. We need to get this economy rolling. A lot of people are suffering. So, I’m fine with what he’s put out there so far. We just have to see. Second guessing the guy is-that’s just cheap-shotting him, and I’m not going to do that,” O’Reilly added.
According the Associated Press, House Speaker Nancy Pelosi (D-Calif.) has said that the stimulus package being discussed with Congress would cost more than $750 billion and that other members of Congress have indicated it could run to nearly $1 trillion.
When asked whether more spending would create jobs and stimulate the economy, O’Reilly said, “If you put money into the economy wisely and with discipline, it has to help.”
I’m not anti-Pres Elect Obama or anti-helping the economy. I think it is a major issue that needs to be addressed very soon, but I am anti-bailout or stimulus of any kind. One of the core beliefs of the GOP is that government should not grow large and interfere with personal affairs. Also, we as Republicans believe in fewer taxes (something that would be raised as a result of any stimulus package).
Note: Mr. O’Reilly has never claimed to be a Republican but has been a strong advocate for Republican ideals.
While a stimulus package is not a bailout, it is another way to raise taxes. We’ve already seen what the result of a stimulus package is. President Bush tried it last spring. Yet now Pres Elect Obama desires to invest more tax dollars in something that has been proven to not work. Any way he restructures the plan or seeks to invest differently will still require either a growth of the Gross National Debt or an increase in taxes (something Obama promised would not happen).
We need another solution to stimulating the economy.