Saturday, February 6, 2010
Doin' just fine...
I wish I had a dime for every time I’ve heard the reporting of some financial statistic accompanied by the word ‘unexpected’. It’s been like this throughout much of the past decade. During most of the Bush administration the economic news month to month was mostly ‘unexpectedly’ good. During the Obama administration the economic data month to month has been consistently ‘unexpectedly’ bad.
It’s interesting to note that whenever Barack Hussein Obama talks about his own presidency, he always puts it within the context of the past two years – like, We have lost 8 million jobs in the past two years, saying in effect, It wasn’t all my fault; Bush was in on it. I’m just trying to make what Bush did less painful for the American people.
It might have worked for a couple of months, but nobody is buying it anymore. The fact is that things have deteriorated considerably since Obama came to office. Worse yet, there’s no prospect of things getting any better as long as Obama and Pelosi-Reid Democrats rule the political roost. Their policies seem to run counter to what we can expect of healthy, self-correcting free markets. At best, this indicates total fiscal ignorance. At worst, it betrays a deliberate assault on capitalism in general.
Also seldom mentioned is the fact that all the economic indicators only started trending downward since Democrats took over the Congress in 2007. Before that, we seem to have been doing just ‘unexpectedly’ fine.
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