Since President Obama took office in January 2009, the United States has embarked on the most ambitious failed experiment in Washington meddling in US history. Huge increases in government spending, massive federal bailouts, growing regulations on businesses, thinly veiled protectionism, and the launch of a vastly expensive and deeply unpopular health care reform plan, have all combined to instill fear and uncertainty in the markets. Free enterprise has taken a backseat to continental European-style interventionism, as an intensely ideological left wing administration has sought to dramatically increase the role of the state in shaping the US economy. The end result has been a dramatic fall in economic freedom, sluggish growth, poor consumer confidence, high unemployment, a collapsing housing market, and an overall decline in US prosperity, with more than 45 million Americans now reliant on food stamps – that’s over one seventh of the entire country.
These are increasingly dangerous times, with American leadership being challenged across the globe. Only an historic reduction in government spending combined with pro-growth measures including lower business tax rates to stimulate job creation and attract investment can turn the US economy around. Unfortunately, as Standard and Poor’s decision has shown, this is a presidency in extreme denial over America’s towering debts, leading a nation on a precipice while blindfolded to reality.
My brief comment below the fold:
Obama has done and continues to wreak immeasurable damage upon America.
Even if we the American electorate manage to vote him out in 2012, a lot of that damage cannot be undone. After all, once government programs such as Obamacare are in force, how frequently are such programs repealed? And Obamacare is but one example of the damage done.
I hope someone in the Obama administration reads the Telegraph--and cares.
ReplyDeleteThe UK is stating the obvious!
ReplyDelete@ FBTW: Of course they don't care.
AOW: Excellent graphic!
It is a frightful sign, smart Europeans frantically trying to wave us off this disastrous path they are already too far down.
ReplyDeleteObama is an arrogant and ignorant man. A dangerous combination. We can only pray that we vote him out in 2012.
Obama is an ideologue. Ideologues are incapable of learning from their mistakes, discussing alternative points of view, or of making a compromise to serve a greater good. Obama is an ideologue with extremely limited life experience outside of leftist academia. In his world, what he is doing will work if only given more time and money. He knows he is breaking eggs, but thinks he is going to make a wonderful omelet as a result.
ReplyDeleteHis Change is scaring all sane people to death.
ReplyDeleteI listed to UK radio..its astounding how powerless they choose to be!
ReplyDeleteIt will take years alone, to recind all of the "rules" his Czars have put in place. Take the Federal Register and burn it. That is what the Tea Party should do at the next gathering.
ReplyDeleteMan, they've got the right repeating that "uncertainty" meme like a circus full of trained seals.
ReplyDeleteFact is there is no demand. People got robbed in the housing market and on Wall Street and they aren't spending. No growth.
No stimulus is effective unless it creates demand. Obama's didn't because it was inadequate.
Now the horse is out of the barn and you can get ready for the deluge. Aren't ready? Keep pimping for the pols who want to give you the Full Ayn Rand, which is just about all of them.
“I watched it [the President’s speech] for under a minute … until it became apparent that he wasn’t going to resign, and then I just watched something else.” —Fred Imus
ReplyDeleteWe don't need a "downgrade" from Obama, if that's even possible; we need an upgrade in the White House. The real challenge is finding out whether we even have someone who can lead this country.
We get more truth from foreign media, especially the UK, that we could ever expect from the MSM here.
ReplyDeleteDebbie
Right Truth
http://www.righttruth.typepad.com
Debbie stole my point. How is it that UK news sees this, and the DEM/MSM does not?
ReplyDeleteBZ
It's a sad state of affairs when the UK and Canadian press is more honestly reporting stories occurring here in the USA.
ReplyDeleteMustang,
ReplyDeleteWe don't need a "downgrade" from Obama, if that's even possible; we need an upgrade in the White House.
And Mr. and Mrs. AOW shouted, "AMEN!
It IS ironic that many in Europe now see that the path they've been following for decades has run out of sustainability.
ReplyDeleteMeanwhile, here in the United States, the Left is shouting, "We need another stimulus!" Sheesh. What? We need another stimulus because the last ones worked so well?
Divorced from reality -- that's what we're seeing from our so-called elected public servants.
Meanwhile, even though some liberals have written that Obama shouldn't go to Martha's Vineyard for yet another vacation, Obama is heading that way for some more r&r.
"Nero fiddled while Rome burned," and all that.
Some in the UK and elsewhere in Europe are "seeing the light" because they have no choice but to face the facts of the failure of the Nanny State.
ReplyDeleteRIDIN' THROUGH WITH A HEADS UP: High Noon - Texas Style - Next Week
ReplyDeleteTex Perry Is Going after Obama with a vengeance...
ReplyDeleteIs this the same Governor Rick Perry who supported Al Gore in the 1988 Democratic presidential primaries and was chairman of the Gore campaign in Texas?
ReplyDeleteWhy would a conservative vote for him?
After all, once government programs such as Obamacare are in force, how frequently are such programs repealed?
ReplyDeleteThat is the thing isn't it?
I don't know much about Governor Perry.
ReplyDeleteI do wonder if it's a good idea for the GOP to run another candidate from Texas. Some of my Texas friends who became disenchanted with GWB told me that; those friends are lifelong Republicans and most unhappy with GWB because he was "soft on the border issue."
Nothing wrong with a candidate from Texas. However, Perry's not it.
ReplyDeleteWell, Obama's still holding on to 80% of the Muslim vote...
ReplyDeleteI agree with Soapster and Louis: Perry served as Al Gore's campaign manager in 1988. Is this a conservative convert, or is he a political opportunist. Either way, is this the best we can do?
ReplyDeleteBTW .. Al Gore is a piece of shit and I would NEVER vote for anyone who supported him ...
Louis H. and Mustang,
ReplyDeleteWell, then. If Perry was one of Al Gore's buddies, I'm going to have a difficult time voting for Perry.
But I certainly cannot vote for Obama.
I've never sat out any election -- ever.
What are we going to do if the GOP doesn't run a candidate that we can at least somewhat support? Maybe I should do a blog post on that!
Bob Mack,
ReplyDeleteWell, Obama's still holding on to 80% of the Muslim vote...
That figures. Remember the Cairo speech and all those suck-up comments that BHO makes at Iftar dinners at the White House? Clearly, Obama is furthering the power of the ummah.