John Ransom

Well apparently a president can’t just make new lows for respect of American moral authority in one single term and then let it go at that.


Apparently after getting stiff-armed by our ideological enemies once in the first Obama term- turning his back on American values and getting called out on it- the administration felt the need to demonstrate crumbling American might and values by going back to that well early in the second term too.

During the first term, we suffered the embarrassment of the Chinese Communist who publicly lectured Obama about straying away from capitalism and taking on too much debt.

“China, the largest foreign holder of U.S. debt,” reported Reuters in 2011, after S&P downgrade U.S. government debt, “took the world's economic superpower to task for allowing its fiscal house to get into such disarray. It also revived its calls for a new stable global reserve currency to replace the U.S. dollar, gaining a sympathetic ear in the United Kingdom.

"The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone," said China's official Xinhua news agency at the time.

The president of the United States once, not long ago, stood up to Communism when they tried to take over South Korea- in this he was sustained by the whole world.

Historically-speaking it wasn’t too long ago that President Ronald Reagan seized the moral high ground by demanding that the Russians tear down the Berlin Wall. In fact, it was 26 years ago yesterday, as my friend Katie Pavlich points out.

Today we’re left with the president being lectured to by Chinese Communists regarding reckless spending; and, after being lectured to by Chinese Communists, in return, all Obama can offer the rest of the world is a lecture of his own about the people trusting the government.

“If people can’t trust not only the executive branch, but also don’t trust Congress and don’t trust federal judges to make sure that we’re abiding by the Constitution, due process, and rule of law, then we’re going to have some problems here,” Professor Obama said in his newest lecture standing behind banner promoting and IRS-NSA joint open house and retinal scan event.

One of those calling Obama out for B.S. was Mr. Privacy himself.

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

Get the best of Townhall Finance Daily delivered straight to your inbox

Follow Townhall Finance!