Friday, November 13, 2009
Now he cares about the deficit?
President Obama is now concerned over deficits in the federal budget? Really? After we have seen, in 11 short months, an expansive government which has spent money on wasted projects such as the $787 billion stimulus, purchased controlling stock in both GM and Chrysler as well as any number of other insurance and banking industries, printed more money than ever before to come up with the cash to pay for this, thus monetizing our debt, extended unemployment benefits (because it is causing the surge in unemployment to 10.2%), subsidized car buyers with "cash for clunkers" which cost taxpayers $24,000 per car sold, devalued the dollar and is pushing for legislation to increase taxes on everything under the sunwhich will not only cause tax wells to run dry and thus hurt government revenue, President Obama now pretends to care about deficits? How is that? In short, Obama has spent more money on new programs in 11 short months than Clinton ever did in eight years! And now, he claims he's a deficit hawk?!
Whatever side of the political spectrum you come from, can you really trust anything this guy says? His actions always repudiate his words. During the campaign, he made himself a centrist, but has governed from the left. But he has now alienated a good part of his leftist basin. He has failed to move on gay rights, frequently reiterating that he believes marriage is a state between one man and one woman and has not yet repealed "Don't ask, don't tell." He has alienated his anti-war leftist buddies with his yet unannounced, but expected, commitment of more troops to the Afghan theatre and has yet to close down GITMO, though his Attorney General, Eric Holder, did announce that those at GITMO would be tried in civilian courts in New York. Notice how he's letting Holder fall on the sword for what will be perceived, by the majority of Americans, as a very ill-considered move. Still, Obama doesn't seem to know what he's doing. He frequently champions the flavor of the week cause and when he sees his poll numbers consistently fall, he reverses course and tries something else. Trying something else doesn't really seem to help him.
But what are we to make out of his sudden caring for the deficit? Could it be that he is now in Asia about to go to China? Very possible. Remember how a few months ago, the US Treasury put up for sale its debt, hoping that China would buy up a lot of it? Well, it turns out that the Chinese didn't go for it and passed. Why? Because the Chinese could see that the dollar was steadily losing value and that all the spending our government was doing with various social plans under our imperious leader were not going to work. Even the communists realized that Obama's plans were not going to work. It's pretty bad when the communists actually make better economic sense than the so-called "leader of the free world." A few months back, Secretary of Treasury "Tiny" Tim Geithner was laughed at by the Chi-coms because they thought his pitch of being fiscally responsible was so disingenous that it was a joke! So, now, to make nice and to convince the Chinese that the dollar is stabilized so that they will buy our debt, Obama's cause of the week is...becoming a fiscal conservative. He's now coming out to support stabilization of the dollar and to combat growing deficits which his administration has caused so that the Chinese will buy American debt again. God forbid, we should actually strengthen our dollar with robust economic growth outside of government spending.
I'm sure this will peter out in about two weeks so he can focus on health care again which, if passed, will (Gasp!) destabilize the dollar and the economy even more. I'm sure the Chi-coms will appreciate that.
When will people wake up to see how economically ignorant this man is? Here's hoping.