This is the monster that was created when Obama got the presidency and a Nobel Prize for frothy, high calorie rhetoric like “We are the ones we have been waiting for,” “The Audacity of Hope,” and other wordy cakes and pastries with no nutritional value.
If Obama made as many easy economic decisions as he has vacations this year, we’d be seeing decent economic growth. In fact, if we could get Obama to take more vacations and not make ANY decisions, it’s likely real unemployment-U6- wouldn’t be at 16 percent. Despite economists predictions, expect unemployment to climb in the second half of 2012.
Source: Portal Seven
TARP hasn’t worked out, the home mortgage modification program hasn’t worked out; Frank-Dodd isn’t protecting us from systemic banking failure, rather it’s only systematized systemic banking failure; Obama’s green programs have been called by the Washington Post- yes, the Post- a program designed for political payoffs, not jobs; industry has been under a deluge of regulatory actions that amounts to the rape of the US economy; kleptocrats, who can not keep their hands off what others own, have been put in charge of everything under Obama and called Czars, like it’s a good thing.
We’ve gotten to the point where a small minority of people can march in the street calling for nationalization of everything, forgiveness of all debts and a sizable group of Americans, including noted economists, think that that is normal.
We fought a world war and a cold war, for this?
Most amazing of all is the high marks that the economists give Mitt Romney because he has business experience.
“Romney’s a technocrat,” economist Allen Sinai told the AP, like the term technocrat is a good thing. “He’s not an ideologue. He has a history in the real world of business.”
Yep. We heard the same thing in Europe.
Memo to economists: It’s not business failures that got us into this mess, political failures did.
Economists, bankers, technocrats and messiahs won’t save us here.
Only voters and politicians can.
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