Not to simplify things to basics, but this graph shows the Unemployment rate, red being G. W. Bush, and the blue signifying Obama’s time in office. I think this more than indicates a movement in the right direction.
Here is the speech that our now illustrious president gave as a Freshman Senator during the 2006 debt limit increase debate:
The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.
Fast forward to 2011 now that the “community organizer” is POTUS.
Failure by Congress to raise the U.S. debt limit “could plunge the world economy back into recession,” President Barack Obama declared Friday, and he acknowledged that he must compromise on spending with Republicans who control the House to avoid such a crisis.
So this brings up two possible scenarios, neither of which give me any confidence in the “Most Powerful Man in the World.”
Our president, who’s resume reads as one time community organizer and one term senator (who spent the majority of time campaigning for the presidency) really doesn’t know anything about economics, macro, or micro and was doing nothing more than giving lip service to the American people and grand standing for the Democrats, or…
Our Hope and Change President has been given a full frontal lobotomy like all other politicians and is now caving in to special interests and those that fill his pockets with the almighty dollar. This full on douchnozzle now talks out of both sides of his mouth like all of his predecessors before him and seemingly has a bit of white trash in him. “Hey, I still have checks left so I must have money!”
If I ran my business like the Federal government my doors would have been shuttered long ago. The bottom line is this: If you don’t have the money in the account YOU CANNOT SPEND IT!!!!!!! Tough choices must be made and that is what the majority of Americans elected this man to do.