Colin Powell, one of President Obama's most prominent Republican supporters, expressed concern Friday that the president's ambitious blitz of costly initiatives may be enlarging the size of government and the federal debt too much.
"I'm concerned at the number of programs that are being presented, the bills associated with these programs and the additional government that will be needed to execute them," Mr. Powell said in an excerpt of an interview with CNN's John King, released by the network Friday morning.
Mr. Powell, a retired U.S. army general who rose to political prominence after a long and accomplished military career, said that health care reform and many of Mr. Obama's other initiatives are "important" to Americans.
But, he said, "one of the cautions that has to be given to the president -- and I've talked to some of his people about this -- is that you can't have so many things on the table that you can't absorb it all."
"And we can't pay for it all," said Mr. Powell, who was the first African-American to serve as secretary of state, under former President George W. Bush. He was also national security adviser to President Reagan, and was chairman of the Joint Chiefs of Staff under President George H.W. Bush from 1989 to 1993.
Posted by GolfBravoUSMC 2009-07-04 09:33||
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#1 "And we can't pay for it all,"
Basically sums up all those Fannie Mae mortgages. Now they're going to do it with Treasury Bonds. When you disconnect the innate value of what the paper represents and treat is as just a piece of paper for speculative purposes, the market will eventually drop the sucker. It's a confidence game. No more, no less.
Colonel Nicholson: What have I done? [Bridge on the River Kwai]
Posted by Procopius2k 2009-07-04 09:46||
2009-07-04 09:46||
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#2 Your "Pottery Barn Rules" apply here as well general, but with a slight twist. He's broken it, but unfortunately he'll never be able to pay for it.
Posted by Besoeker 2009-07-04 09:49||
2009-07-04 09:49||
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#3 (also from Kwai, great movie)...
Major Clipton: Madness! Madness!
Posted by OldSpook 2009-07-04 11:02||
2009-07-04 11:02||
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#4 Too late Colin, you're either a liberal or a racist. Either way you need to make a full admission before you will be considered as anything but in the future.
Posted by Hellfish 2009-07-04 11:42||
2009-07-04 11:42||
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#5 Powell is only stating the obvious. When a sufficient fraction of the electorate gets a grip on this, their infatuation with Obama will falter.
Posted by Anguper Hupomosing9418 2009-07-04 12:43||
2009-07-04 12:43||
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#6 Between the White House press corp questioning the staged "press briefings", and now Colin Powell's uncertainty; are we seeing serious cracks in the god like image(s) of Bambi?? I'm going to love watching the Dems implode and eat each other.
Posted by WolfDog 2009-07-04 12:44||
2009-07-04 12:44||
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#7 The General did not mention... tar and feathers. But if no one objects, I will.
Posted by Besoeker 2009-07-04 13:45||
2009-07-04 13:45||
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#8 I am shocked, SHOCKED to find gambling occuring in this establishment!
Posted by Thing From Snowy Mountain 2009-07-04 17:39||
2009-07-04 17:39||
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#9 Not quite an admission that "Barack Obama = Epic Fail", but it's a start.
Posted by DMFD 2009-07-04 19:12||
2009-07-04 19:12||
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#10 Not quite an admission that "Barack Obama = Epic Fail", but it's a start.
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Colin Powell, one of President Obama's most prominent Republican supporters, expressed concern Friday that the president's ambitious blitz of costly initiatives may be enlarging the size of government and the federal debt too much. 
