Geee Posted April 27, 2011 Share Posted April 27, 2011 American Spectator:President Obama's self-congratulatory "economic recovery" is way too little, way too late. By historical standards for the American economy, we should be in the second year now of a booming economic recovery. Instead the economy is still struggling to get off the ground, and what is booming instead is prices and inflation.If you listen to what President Obama is saying in his reelection campaign, which is already underway in his town hall tour across America, the reason for this is clear. President Obama does not understand the basics of economics. What he says repeatedly is that increased government spending is the foundation of economic recovery and growth. But the economic reality is that incentives for increased production are the foundation for recovery and booming growth.As a result, what we are witnessing is a historical reenactment of the 1970s, if not the 1930s, with the same throwback economic policies that caused the dismal economic downward spiral of those years. But this is not all that President Obama doesn't understand. He also doesn't understand the budget, taxes, business, the energy and oil markets, and even health care.Consequently, the American people will continue to suffer high unemployment, rising inflation, soaring gas prices, falling real wages and incomes, record poverty, and ultimately worse. That is until this tragically unqualified President who has spent his entire life cloistered in the fever swamps of the far left is replaced by new leadership that will restore the American Dream. Link to comment Share on other sites More sharing options...
Evad Posted April 27, 2011 Share Posted April 27, 2011 dilettante==at first I didn't get the descriptive but when you think about it, it describes Zero perfectly. Link to comment Share on other sites More sharing options...
nickydog Posted April 27, 2011 Share Posted April 27, 2011 Excellent article, but very scary. Link to comment Share on other sites More sharing options...
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