Obama is headed for a one-term presidency
Less than a month ago, Barack Obama was sworn-in as chief executive amid historic promises of “change we can believe in.” But there won’t be a second Obama term if he doesn’t admit that, no matter how adroitly he wraps himself in Reaganesque rhetoric, Leviathan is no better suited for 2009 than it was in 1933 for FDR.
Contrary to conventional wisdom, the New Deal’s Big Government spending failed to end the Great Depression. That is clear to anybody who reads Paul Johnson’s masterful chapter on the New Deal in “Modern Times.”
Or Amity Schlaes’ superb “The Forgotten Man: A New History of the Great Depression.” Or the utterly convincing data-driven study by UCLA professors Harold L. Cole and Lee E. Ohanian that concluded the New Deal lengthened the Great Depression by at least seven years.
FDR at least had nearly a decade for his Sisyphean labors. Obama won’t get a chance to end the current recession because, according to the non-partisan Congressional Budget Office (CBO), the recovery will have long since started before most of the gargantuan $1 trillion stimulus bill’s spending crosses the Potomac.
But that’s not the main reason Obama’s prospects for gaining a second term in 2012 are already fading faster than a Maine RINO can forget what being a Republican means. Obama is making himself the symbol of what’s wrong with Washington rather than being the agent of change in Washington.
Continue reading at Washington Examiner
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Comments
Joe,
Nobody expects your comments to ever make sense. You and the rest of Barack Hussein Obama’s kool-aid drinking sycophants will keep your heads firmly buried in the sand, because you will never admit mistakes. That is a serious character flaw that puts our nation at risk.
What’s at stake here is our freedom. Freedom cannot exist without capitalism, and capitalism is all about individuals and companies competing and working hard to become the best. If a company makes a really stupid mistake, or produces lousy products year after year, then falling and crumbling is exactly what they have asked for! Conversely, when a company or person makes good choices, or produces something of excellent quality, they will naturally grow and become better! But rewarding those who have made irresponsible choices will destroy us! Remember the Depression of 1920? Hardly anyone does. Remember the Roaring ’20s? Of course you do. Why were the ’20s so prosperous? Because in 1920 and 1921 (when we lost more jobs than in 1929 and 1930) we did not cover it up with green band-aids with George Washington’s face on them, but let the lay-abouts suffer and the hard workers excel! America did not become great by accident. It became great because good, hard-working people made it great with sweat, blood, and tears. We do not (or rather, we should not) reward irresponsibility, but that’s what it comes down to: we have surrendered our responsibility to the government to promote our laziness, and with our responsibility goes our power, and with our power goes our freedom. And now Barack Obama is buying that freedom from us, and it appears that too many of us are all too willing to sell it.
Sorry for the REALLY long rant, but I just can’t stand by and let this man and his colleagues cheat us out of our lives, or worse (and yes, it is worse), out of our liberty.
In the Essentials of Economics by Spanish economist, Faustino Ballve, he writes,
“The free market is the most obvious expression of the sovereignty of the people and the best guarantee of democracy. Individual guarantees stated in writing in the constitution are of no use to a nation if it is not the people, but a third party, whether government or trade union, that fixes prices and wages and determines what is to be produced and what is to be sold; for in that case the people, in being deprived of their right of free choice in the market, i.e. - their right to assign everything the rank and the value that it suits them to give it, from being sovereign are reduced to the status of slaves.”
http://www.housingbubblebust.com/GDP/Depression.html
So, let’s see, GDP begins rising in ‘33, and rises all the way until ‘38, when FDR pauses the New Deal, and then begins rising again afterwards when he resumes it.
Yet there are people who believe that it didn’t work.
Go get your chicken bones and magic wands, guys. We’ve got a recession to cure.