John Ransom

Thanks to goodness we have Obama to provide us with the many teachable moments in his personal journey of discovery as president of the United States.

The country may not be better off, but at least Obama is growing as a person.

And why wouldn’t he?

He’s personally taken out the world’s largest student loan to cover the four year period of instruction. His $5 trillion in student loan debt disguised as a deficit may not seem economical, but when were student loans ever supposed to have anything to do with economics? They are just resources meant to hasten- and finance- the personal journey.

Occupy Main Street, man!

As instructors, Obama has enlisted the world’s central banks, the executive departments of the United States government, Congress and most recently the Supreme Court.      

Maybe, by the end of his term, Obama, in addition to having more flexibility to sell our defense to the Russians, will be a wiser and better ex-president than the last guy who thought the presidency was his own personal property: Jimmy Carter.



Obama certainly is teaching the rest of us, by his own example, how not to be president in a “post-partisan” age.

Let’s recount two of the most important ways Obama’s presidency has given us teachable moments to ponder:

Last year, when the president failed to gain even a single vote for his budget, he spent most of the intervening time lecturing what he called a “do-nothing” Congress on the dangers of the national debt.

More accurately Obama, in between family vacations, proposed brand new out-of-control spending to be offset by higher taxes as his version of fiscal responsibility.

"We might as well do it now," said Obama according to CBSNews as he did nothing else. "Pull off the band aid. Eat our peas."


John Ransom

John Ransom is the Finance Editor for Townhall Finance.