Barak Obama, in 2008, won the presidency on the platform that (among other things) he understood the country's economic problems and, more importantly, knew how to solve them. Three-plus years later, the administration is now telling us that "The economy turns out to have been far worse ... than we knew at the time," "we are moving in the right direction," and that he now "needs more time to fix the economy."
"The economy turns out to have been far worse ... than we knew at the time" simply tells us that Mr. Obama never understood the problems to begin with.
"Moving in the right direction"? Despite more than three years and some $2 trillion spent on bailouts, handouts, and so-called stimulus, there are approximately three million fewer people employed today than were employed in 2008. Approximately three quarters of a million fewer women are employed today than were employed in 2008. Several million others have given up looking for employment entirely, gone into retirement, taken permanent disability, or taken jobs in the underground economy. Few if any of these people will ever again contribute to our tax base.
Despite the failure of this administration's policies, Mr. Obama now claims to "need more time." Having no plan in hand while simultaneously claiming that we are moving in the right direction, Mr. Obama is clearly telling us that if he is re-elected, we can expect more deficit spending to pay for the same failed policies over the next four years.
If these three statements tell us anything, they tell us that Mr. Obama campaigned in 2008 with no understanding of the problem, has chosen the old liberal solution of throwing money at the problem while hoping things improve, and worse yet, cannot come up with a new plan because to do so would not only admit failure, but concede that he never had a clue to begin with.
Only in the liberal Democratic world is failure proof of success.
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