I've really been trying to give President Obama a chance -- I'm not a fan of some of his policies, but he's an excellent politician and an engaging character. However, if he continues to scare the crap out of the stock market, I'm going to be broke, and I wish he'd get back into "Hope and Change" more than the "Misery and Darkness" he's been playing up lately. Read this.
What’s particularly odious about Obama’s scare tactics is that he’s using them for the mother of all bait-and-switches. He justifiably scares people about the magnitude of the financial crisis, but uses that fear not to sell them on a solution to the crisis but to trick them into signing up for a new Great Society. It’s like convincing someone he’s got cancer and then telling him that’s why he needs to buy a new car.My gut tells me that Obama's talking about how sorry the economy is not only to get his economic agenda enacted ("WE HAVE TO DO SOMETHING, ANYTHING, TO SHOW THAT WE'RE WORKING ON THE PROBLEM, EVEN IF IT DOESN'T WORK!!"), but also to lower expectations so that any sign of progress results in Obama's getting the credit. In 2012, we will hear this: "I singlehandedly, through the force of my overwhelming will and personality, solved the worst economic crisis the world has ever seen!" even though it's us working folk who pay their bills and their taxes, that "solved" the problem. Remember that -- the way out of an economic crisis is through the initiative of private enterprise and individual ingenuity and creativity, not handouts from the government.
3 comments:
I think it is unfair to hang this all over Obama. After all, the Republians had 8 years to hide all their dirty handedness and wrap it up in a bow and tell Obama "Welcome to the White House". The Stock Market went south in Oct. and that was BEFORE the election. Obama is damed if he does and dammed if he don't. I can rest assured though, that those that voted for eight years of GW will do nothing but blame the one person that has turned the spotlight on the skeletons in the closet and made real positive change bringing integrity back to this country. Let's just hand him another bag of shit and see if he can turn that into Gold.
I'm not hanging this all on Obama - i'm aware this all started well before, and before GWB took office too. I'm just saying that the politics of it now are as they are, and obama's policies, as they end up enacted by congress, are not the way to a reasonably quick recovery. And thanks, anonymous, for the comment--this is the debate.
Bedwetting liberal and occassional reader of this fine blog checking in to comment. It certainly is not unfair to blame Obama for his words or his actions for it comes with the territory. (I personally don't appreciate the doom and gloom speeches.) I'm hopeful that Obama is the beginning of the end to the partisan politics we have known for the last 20 years. That being said, let me get to the meat of this comment. I'm disappointed. Seriously. His stimulus package was in essence a bag of shit. It is trickle down ecomonics at it's finest. Someday capital hill will recognize that people, the everyday average citizens of this country, and our spending habits are vital to the economic health of this country. WT or Anonymous, please explain to me why oh why more of that 900 bil isn't going to the hands of the people? And I don't mean give everyone a check and hope they go to Best Buy. My ideas are simple, use the money to refinance outrageous ARMs to 30 year fixed loans at a decent APR. That would keep people in their homes and give the mortgage industry some loans to buy and sell. What is so wrong with that?? And don't even get me started on the 700 mil to Palestine. Why does our government hate Israel?
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