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A Failed Presidency -- The American Problem
ew Americans needed Standard & Poor to confirm the mismanagement of the United States government and its finances. The downgrading of American credit will raise interest rates on America’s huge debt and ultimately on all Americans. Popular polls say that most Americans blame Congress—but that’s too simplistic. As much as Barack Obama would like to shift that blame onto Congress, the fault lies squarely on the shoulders of President. It is first and foremost a leadership problem that is crippling America—and the leader is President Barack Obama—not the many members of Congress.
No matter how many speeches he makes, the conclusion is clear: Obama’s greatest failure is spending America into enormous deficits, and being clueless about how to get the economy to recover. His speeches, riddled with “I” and “We” are mostly serving to indict him for his failings. Appearing on TV more than any other sitting president, Barack Obama is constantly “explaining” why things aren’t working, when he should be working on what to do different and better.
Instead he is “campaigning,” which is the only thing he knows how to do reasonable well. But he can’t fix the economy; he has neither the experience nor the knowhow to do it. His failed, misguided policies have only exacerbated the size of his mistakes and shortcomings.
For Barack Obama’s first 18 months, and occasionally even today, he and his loyalists try to place the lion’s share of the blame for America’s problems with George W. Bush. There is little doubt that Bush erred seriously on several counts: he initiated two expensive wars and then saw the Iraq war mismanaged for at least 2-3 years.
Then Bush failed, along with the (then) GOP led Congress to rein in spending to compensate for the cost of these wars. Finally, he reduced tax rates and created the Medicare prescription drug program (which turned out to work better and cost far less than was feared). Coincidentally, the much-maligned TARP initiated by Bush actually staved off a financial collapse and is largely being paid back by the banks and insurance companies involved. In perhaps his greatest mistake, Bush failed to veto a single spending bill sent to him by Congress.
Bush’s mistakes were clearly serious errors, but they pale in comparison with Obama’s failures since he took office. The Democratically controlled Congress was complicit with Obama’s failures. They have not submitted, and Obama has not submitted a realistic budget for the country in over 800 days—a clear failure to meet their responsibilities. (Exception: Obama’s irresponsible Feb. budget, which was voted down 97-0 by a Democratically controlled Senate.)
To chronicle Obama’s failures and his shortcomings is impossible within the length of a simple blog post. A few of them are most notable. Obama aided and abetted by Nancy Pelosi and Harry Reid rammed the new health care legislation down the throat of America—and Obamacare was created. Parts of it are well-intentioned, but much of it is feared by Americans and especially small businesses. Arguably some of Obama’s greatest damage to the economy has been done by his appointees in the EPA, NLRB, CPSC, et. al., and the Justice Department. American business is oppressed by regulation. Sadly, Obama barely realizes this.
Next came the $840 billion “stimulus” package, (mostly pork and patronage), which worked poorly or not at all—unless you consider creating jobs at $275,000 each to be a good solution. Not enough “shovel-ready” projects were really “shovel-ready” Obama admitted recently, chuckling awkwardly at his naiveté. Obama and his experts (now mostly gone back to finance or academia) predicted a drop of unemployment to under 8% when the number of jobless went the other way—upward. Now, more Americans have been out of work, for longer, than any time in the past half-century.
http://news.yahoo.com/failed-presidency-american-problem-162509281.html
ew Americans needed Standard & Poor to confirm the mismanagement of the United States government and its finances. The downgrading of American credit will raise interest rates on America’s huge debt and ultimately on all Americans. Popular polls say that most Americans blame Congress—but that’s too simplistic. As much as Barack Obama would like to shift that blame onto Congress, the fault lies squarely on the shoulders of President. It is first and foremost a leadership problem that is crippling America—and the leader is President Barack Obama—not the many members of Congress.
No matter how many speeches he makes, the conclusion is clear: Obama’s greatest failure is spending America into enormous deficits, and being clueless about how to get the economy to recover. His speeches, riddled with “I” and “We” are mostly serving to indict him for his failings. Appearing on TV more than any other sitting president, Barack Obama is constantly “explaining” why things aren’t working, when he should be working on what to do different and better.
Instead he is “campaigning,” which is the only thing he knows how to do reasonable well. But he can’t fix the economy; he has neither the experience nor the knowhow to do it. His failed, misguided policies have only exacerbated the size of his mistakes and shortcomings.
For Barack Obama’s first 18 months, and occasionally even today, he and his loyalists try to place the lion’s share of the blame for America’s problems with George W. Bush. There is little doubt that Bush erred seriously on several counts: he initiated two expensive wars and then saw the Iraq war mismanaged for at least 2-3 years.
Then Bush failed, along with the (then) GOP led Congress to rein in spending to compensate for the cost of these wars. Finally, he reduced tax rates and created the Medicare prescription drug program (which turned out to work better and cost far less than was feared). Coincidentally, the much-maligned TARP initiated by Bush actually staved off a financial collapse and is largely being paid back by the banks and insurance companies involved. In perhaps his greatest mistake, Bush failed to veto a single spending bill sent to him by Congress.
Bush’s mistakes were clearly serious errors, but they pale in comparison with Obama’s failures since he took office. The Democratically controlled Congress was complicit with Obama’s failures. They have not submitted, and Obama has not submitted a realistic budget for the country in over 800 days—a clear failure to meet their responsibilities. (Exception: Obama’s irresponsible Feb. budget, which was voted down 97-0 by a Democratically controlled Senate.)
To chronicle Obama’s failures and his shortcomings is impossible within the length of a simple blog post. A few of them are most notable. Obama aided and abetted by Nancy Pelosi and Harry Reid rammed the new health care legislation down the throat of America—and Obamacare was created. Parts of it are well-intentioned, but much of it is feared by Americans and especially small businesses. Arguably some of Obama’s greatest damage to the economy has been done by his appointees in the EPA, NLRB, CPSC, et. al., and the Justice Department. American business is oppressed by regulation. Sadly, Obama barely realizes this.
Next came the $840 billion “stimulus” package, (mostly pork and patronage), which worked poorly or not at all—unless you consider creating jobs at $275,000 each to be a good solution. Not enough “shovel-ready” projects were really “shovel-ready” Obama admitted recently, chuckling awkwardly at his naiveté. Obama and his experts (now mostly gone back to finance or academia) predicted a drop of unemployment to under 8% when the number of jobless went the other way—upward. Now, more Americans have been out of work, for longer, than any time in the past half-century.
http://news.yahoo.com/failed-presidency-american-problem-162509281.html
