After waiting more than two days to respond to Standard & Poor’s downgrade of US credit to AA+ President Obama showed that he really is a one-trick pony by blaming everything but his own incompetent administration. He called attention to the earthquake that damaged Japan and the Arab Spring (which he supports) then sniped at S&P, saying that Warren Buffet would give America a quadruple A rating, and then got down to the real job at hand, demagogueing the TEA Party and Republicans.
Obama blamed the political process of raising the debt ceiling for the downgrade blaming the political right for not giving him his way without a fight. With various Democrat politicians and virtually all of the unpaid White House press secretaries in the lamestream media finally finding somebody that they feel safe about calling terrorists Obama is, once again, leading from behind on that issue. The fact that his own proposed budget failed to get even a single vote in the senate was studiously ignored. The fact that he had solid majorities in all three branches of government for two years and didn’t do a thing about the deficit, except raise it to record levels, was also avoided. The fact that the TEA party was formed in response to his own profligacy and that the 2010 elections were the American people’s judgement of his administration
Apparently the president feels that the problem lies with our system of government. If he had things all his way there wouldn’t be any problems. He believes his policies of increasing spending and expanding government control over every facet of our lives is fine.
And the good news here is that by coming together to deal with the long-term debt challenge, we would have more room to implement key proposals that can get the economy to grow faster.
Spending more money must make the economy grow, except that for the government to do that it must first either take that money out of the economy in taxes, borrow the money somewhere else or just print more money.
With respect to debt, our problem is not confidence in our credit — the markets continue to reaffirm our credit as among the world’s safest.
He also thinks that people are out there standing in line to loan us money. I guess he wasn’t referring to the Dow Jones as it was already down about 500 points as he made his twice delayed speech.
Obama thinks that he needs a freer hand to change things. He gets frustrated when he has to do things the old-fashioned way, by working together with people whose political views don’t match his own. He claims that the political process is slowing down “Change We Can Believe In” and this frustrates and burdens him. He said so.
Obama never stops to think that the founding fathers, in their wisdom, set things up intentionally to stop people like him from doing too much damage. The United States Constitution is not messy, trying to work around it while pretending to follow it definitely is.
