Several analysts on FNC's 'Cost of Freedom' shows condemn Obama's fear-mongering and go on the record against the stimulus bill.
President Obama has resorted to draconian fear tactics in an attempt to shore up support for an enormous stimulus package, but many FOX commentators including Steve Forbes and Ben Stein criticized the bill and Obama’s scaremongering on Feb. 7.
At the White House, Obama said on Feb. 4, “A failure to act, and act now, will turn crisis into a catastrophe and guarantee a longer recession, a less robust recovery, and a more uncertain future.” Obama’s remarks grew harsher as Senate Republicans voiced their opposition to the bill and worked to prevent its passage.
Experts on FOX News Channel’s “Cost of Freedom” business block discussed Obama’s urgent words and the stimulus package being debated in the Senate. While there were several proponents of the stimulus plan on FNC, many others criticized Obama and the plan.
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On “Cashin’ In,” Fox Business Reporter Tracy Byrnes lashed out at Obama’s pessimistic predictions. “This Armageddon nonsense is scaring everyone, and it’s making things worse! Why would you go out and buy a pair of shoes or even a stick of gum?” she wondered.
Gary Kaltbaum, of GaryK.com, was worried about the long-term effects of the stimulus bill. “Barack Obama’s gone to the Henry Paulson school of scare tactics” to win hasty passage of the bill, Kaltbaum said during “Cavuto on Business.” Long-term this will force “massive, massive debt” onto taxpayers, according to Kaltbaum.
Other analysts were also un-swayed by Obama’s fear-mongering and went on the record against the “American Recovery and Reinvestment Act.”
Damon Vickers, Managing Director of Nine Points Capital Partners, criticized the stimulus bill because it adds to government without encouraging innovation, job creation and risk-taking. “It’s the same insanity, and the same defective, mal-deformed, sick thinking that we’ve had running this country and that our citizenry has had for more than a decade. I think we’re a nation that just feels we’re all kind of entitled.” Vickers said on “Cashin’ In.”
