During the pseudo-state of the union that Obama hosted this week, I played the game that I downloaded from the American Spectator - OBINGO. It was a bingo card with 'likely phrases' that Obama would work into his speech. One of the squares was "the trillion dollar deficit that we inherited." He said it three times.
I went to High School in a time when they still taught irony. As Obama is pitching the Pelosi pork plan , which will easily triple the deficit in 2009 and 2010, he was blaming his predecessors. Unbelievable!
Obama certainly inherited a recession, as did George W. Bush. And I would agree that Obama's recession is far worse. The difference is, Obama is making every move that will prolong the recession and worse.
He is raising taxes on the very people that create jobs and innovate. He is instituting the long awaited cap and trade policy, which will unilaterally cripple U.S. manufacturing and force more jobs offshore. And this is in spite of overwhelming evidence that global warming is not happening. He is creating a trillion dollars of government spending that will plague the U.S. economy for decades.
None of his actions will have any positive impact on economic activity in 2009 or 2010.
Does he care? Does Pelosi care? No and No. This is about social engineering. They are striking while the iron is hot. They know that they will have very few opportunities like this. A world-wide recession, panic and a democratically controlled country. Heaven help us!
In the end, two to three years from now, the economy will still be languishing. He will still be blaming George Bush. Hopefully, the public will stop buying it by then.
Submitted by D. B. Jackson