The president refuses to admit that he is part of the problem. “There will always be economic factors that we can’t control,” he said. “Earthquakes, spikes in oil prices, slowdowns in other parts of the world,” seemingly arguing that these factors have something to do with the current crisis, which they do not. He chose not to mention his limitless appetite for spreading around borrowed money. Federal non-defense spending as a percentage of gross domestic product averaged 15.6 percent from 1975 to the advent of the Obama presidency. Since then it has zoomed to an average of 19.6 percent and is headed up. Even the prospective future budget “cuts” in the debt ceiling agreement still institutionalize $7 trillion in spending beyond the government’s means over the next ten years. This is the problem, not earthquakes....
Given Mr. Obama’s insistence on increasing the number of costly government regulation, his blame-the-rich approach to economics, and burdensome, job-killing health care plan, no president has done more damage to [the American] spirit of enterprise. Mr. Obama said that “this is the United States of America… We always have been and always will be a Triple-A country.” If only we had a Triple-A leader.
Tuesday, August 9, 2011
The Obama Strategy: Taking a Crisis and Making it an Unmitigated Disaster
The Obama strategy for the first two years of his administration has been demonizing George Bush ( who certainly deserved plenty of criticism). The strategy now is blame Republicans, or the "rich," or the Tea Party, or anyone but himself and his disastrous policies. Look for recession and massive inflation on the horizon. Stock up! Here's an excerpt from a Washington Times editorial. Read the complete column here. As for Obama he is Jimmy Carter cubed: