(1888PressRelease)
March 24, 2009 - Speaking from the Soloman Mckinley Associates corporate headquarters in Seattle, James Waters said “The practical implications of this is bankruptcy for the United States,” after Obama’s administration’s recently released budget blueprint. The outspoken Chairman of Soloman Mckinley Associates said “There’s no other way around it. If we maintain the proposals that are in this budget over the ten-year period that this budget covers, this country will go bankrupt. People will not buy our debt, our dollar will become devalued. It is a very severe situation.”
Waters went on to say “It is as if you were flying an airplane and the gas light came on and it said ‘you 15 minutes of gas left’ and the pilot said ‘we’re not going to worry about that, we’re going to fly for another two hours.’ Well, the plane crashes and our country will crash and we’ll pass on to our kids a country that’s not affordable.”
Despite his criticism of Obama’s approach to the long-term finances of the country, Waters praised how Obama’s top economic lieutenants are trying to get the sick banking system back to health.
“They’re doing the right things,” Waters said. “They haven’t done it as definitely as they should have, but they are moving in the right direction and the Fed is moving in the right direction.”
Working alongside Industry leaders Soloman Mckinley Associates recognizes the dramatic need for major changes, with a passionate commitment to business growth. Baker Whitfield Associates provides a full range of integrated services and products simultaneously directed at producing strategically predetermined business and cultural results. We bring together a broad range of talent and resources with a passion for integrity, continuous improvement and the desire to make a difference. This results in prosperity for our customers, society and ourselves.
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