Friday, September 3, 2010

OBAMA: CLUELESS AND ARROGANT

During the presidential election campaign, John McCain said, "the fundamentals of our economy are strong." To great fanfare, Obama realsed ad after ad saying that McCain was out of touch for daring to utter such words.
Obama told us during the election campaign that the country could not afford four more years of the same failed Bush policies. He also told us that we can't expect a politician to fix the problems of the economy if that politician does not understand that they're broken. To that end, Obama assembled a team of economic advisers which the leftist British newspaper The Guardian described as "full of assertive, bold personalities". A new era of change was apparently upon us.
After becoming elected, President Obama told the American people that his stimulus bill had to be passed to prevent an economic catastrophe. All of that time spent with his economic advisers, full of bold and assertive personalities, had shown him the light: what America really needed was a big stimulus plan that would add trillions of dollars to the US public debt of which the interest alone could have paid for the war in Afghanistan so far twice over. So important was this stimulus plan that he decided to leave its writing to Nancy Pelosi. This was the same Congresswoman that attempted to convince us that unless this stimulus package was passed "500 million Americans would lose their jobs" each month. Pelosi obviously had no idea that America's population is only a little over 300 million and that includes many children and retired people that do not work anyway. And Obama tried to paint McCain as the one out of touch. However, after declaring that fear-based politics would be a thing of the past in his administration, Obama just couldn't help himself to deliver more of that business as usual poorly disguised as "change".
To try and sell that stimulus package, Obama showed up in Elkhart, Indiana, where the unemployment rate has tripled in the past year to 15%, roughly double the national average. Many of those laid off worked in recreational vehicle plants that have been closed down. Obama told those gathered in Elkhart, "It's the work people will be doing: Rebuilding our roads, bridges, dams and levees. Roads like US 31 here in Indiana that Hoosiers count on...And I know that a new overpass downtown would make a big difference for businesses and families right here in Elkhart." That's great. Indiana gets a new bridge. When all is said and done, how much revenue does a bridge generate? Zero, nothing, nada, zip. So Obama tries to sell a bridge to Elkhart in an attempt to revive the RV industry, where supply far outweighs demand and a vehicle that's not very green - Al Gore must be seething.
Well, it ultimately turns out, Obama thinks exactly the same as John McCain. The fundamentals of our economy apparently are strong. Not only was Obama out telling us this, one of his aides told us too. It must be true! This is despite a couple of percentage points increase in the unemployment rate and the Dow Jones being down about 30% from when McCain said it.
Obama is the one that is out of touch; for all the insisting during the election campaign that he understands America's problems and he knows how to fix them he clearly has not a clue. Ironic, perhaps, that it seems as though John McCain would have provided as much "change" and "hope" for the nation as Obama has. If the past three months since the turn of the year are anything to go by, this is going to be a long four years.

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