Senator Specter may have let the cat out of the bag. But, even while he is virtually telling us that our gov't has been lying to us all these months, he downplays their role in exacerbating this mess. "We're from the gov't, and we're here to help." The most feared words in the English language...Ronald ReaganGovernment statistics on every front have been skewed, brewed & barbecued to lessen the panic or impact on the American psyche at large. GDP, GNP, unemployment, inflation, & deficits have all been filtered through rose-colored carbon to make them appear less alarming than they really are. Specter's words give us an inkling as to the panic in Washington & Wall St. which led to their hasty, ill-conceived ideas and actions. Why else would our gov't put our nation so at risk in debt just to put a finger in the dike? While, in truth, the dike is gushing out so many holes, so fast, we've run out of fingers. The divisiveness of our nation is becoming more evident each day. We're either doomsdayers or naysayers, optimists or pessimists, left-wing or right wing, Obamamaniacs or the unconverted.Never in America's history have we set such a path of ruin & destruction, and run headlong off the cliff.____________
NEWS_______________
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Specter Says Nation on 'Brink of a Depression'
Specter sees 'reasonable chance' stimulus law can help
HARRISBURG, Pa. March 9, 2009 (AP)
The nation is on the "brink of a depression," but there's a "reasonable chance" that the $787 billion economic stimulus package will help ease the situation, Sen. Arlen Specter said Monday.
Specter, R-Pa., said the nation's economic situation is more dire than the public has been told, but did not elaborate.
"Our economic problems are enormously serious — more serious than is publicly disclosed. And I think we're on the brink of a depression," he told reporters at the state Capitol.
Specter cast one of only three Republican votes for the stimulus package that President Barack Obama signed last month, drawing flak from members of his party, particularly conservatives.
He reiterated Monday that he felt passage of the legislation was more important than protecting his Senate seat.
"Had there been no stimulus, I think we'd have gone right off the edge," he said. "I think we're pretty close to the edge anyway, to be very brutally blunt about it."
Earlier this month, former Pennsylvania congressman Pat Toomey, a conservative who nearly defeated Specter in the 2004 GOP primary, announced that he is considering taking on Specter again in the 2010 primary. Toomey is currently president of the anti-tax Club for Growth in Washington.
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