Obama’s Economic Policy is a One-Trick-Pony

Barack Obama has a plan; a big economic plan to fire up business and create jobs. He will of course, unveil his brainchild after returning from Martha’s Vineyard for a much-needed vacation from campaigning. He thinks that lolling with his liberal high rollers ($50,000 per week rent) and breathing some Atlantic saltwater air should completely clear any proven methods for job creation that might have contaminated his mind.

The country has lived with this President’s incompetence and anti-growth policies for nearly three years and knows his economic plan is a one-trick pony that grows more tiresome by the day. He rides out on his little red pony almost daily in a comical attempt at convincing people about having an economic clue. His overly staged fundraisers, speeches, and folksy chats appeal to the gullible and his far-left allies. In the face of reality, however, Americans looking for the light of economic growth, see his words splatter like shadows of darkness into a political black hole.

Obama’s discussions on economics are case studies in absurdity and show clearly, why his policies fail. Likewise, his pretentious ramblings shine the spotlight on the ineffectiveness of his Presidency. Every provable economic idea registers a big zero on his Marxist meter, and unfit for his big-government, anti-capitalist, class warfare narrative.

A mere nine hours after blustering that he would not rest until everyone wanting a job can find a job, he announced his get-away, which to date, has been a godsend for the American People. Without his daily rants, the Dow is taking a much-needed respite, as well. One noted short speech by Obama ripped over 200 points from the Stock Market. Incredibly, he boasted at another fundraiser, “Make no mistake. We are moving in the right direction.”

An old commercial claimed when E. F. Hutton speaks, people listen. When Obama speaks they also listen; except the stock market drops like a rock at the sound of his foolishness.

If the American people could convince him to stay on Martha’s Vineyard, do nothing, and refrain from giving speeches, hundreds of comedians might be out of work, but the country could recover from its freefall and survive until the 2012 election. Unfortunately, a hurricane blew him back into the spotlight; and worse yet, back to pressing for his economy-destroying programs.

Killing jobs by taxing and regulating businesses and financial institutions, then ranting about the rich, is inconsistent with reason, logic and common sense. Then again, if one’s primary goal were to bring down our form of government by using a Cloward and Piven strategy (of collapsing the system), it would make perfect sense. It would also explain his promise “to fundamentally transform America.” To be successful in this plot, he must first destroy the American economy.

An economy with over 14 million unemployed, tens of millions more underemployed and 46 million on food stamps (up by a third in two years), and millions more on public assistance, proves that he is well on his way to a welfare state. Inconceivably, for the first time in American history an administration touts increasing the dependency on food stamps, welfare, and unemployment benefits as a means of stimulating the economy.

Republicans have a budget and job’s plan sitting on Harry Reid’s desk. Meanwhile, a trade agreement lies untouched on the President’s desk. The agreement that Obama blamed Congress for ‘not passing’ never left his desk. It remains in that undisturbed pile of known cures for a lousy economy. Possibly one call from the golf course asking an aide to place the agreement in his inbox might jog his memory. One less fundraiser or round of golf should free enough time to submit it to Congress when he returns and create those 70,000 jobs he says are waiting.

Excuses and blame are the shifting foundations upon which failures are built, and Barack Obama is the excuse and blame President. His Presidency consists of building a straw-house economy then blaming others when the soft breezes of normalcy blow it asunder. Predictably, he spends every waking moment compiling and rattling off a litany of excuses for his incompetence, and formulating a blame list for his chronic failures.

On the other hand, Obama, “The New Normal” President finds extraordinary success at striking fear into businesses, financial institutions, and into the hearts and wallets of the American people. This apprehension about spending, investing, and lending in an Obama economy, and anxiety over the strong regulatory arm of his administrative bureaucrats, led directly to this government-induced crisis.

The free enterprise, capitalist system awaits the trillions of investment dollars that lie closely held in ‘fear of Obama accounts’. A positive business climate would unleash these funds and create millions of new jobs.

Obama wants to take those trillions of dollars and continue his Marxist ways of “spreading the wealth around” by investing in even more government. He uses one of his favorite leftist ploys, class warfare, to appeal to his political base and the most gullible of independents.

Alan Krueger, another academic economist believing in more government spending, and the genius behind the Cash-for-Clunkers program is now Obama’s new economic adviser. President Barack Obama’s new economic plan will be exactly the same one-trick pony with a new rhinestone saddle; a Princeton liberal-progressive.

Jim Mullen



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