Getting a nation’s economics right is more important than at any time since the end of World War II. Chile, Colombia, Peru and Brazil are pulling away from the rest of their hapless South American neighbors. China, India and others are simply copying or buying the West’s accomplishments.
The U.S. has a government led by a mindset obsessed with 250K-a-year “millionaires” and given to mocking “our blind faith in the market.” In a fast-moving world filled with nations intent on catching up with or passing us, this policy path is a waste of time.
There’s something you’re not going to hear the president say.
[Update a few minutes later]
This seems related somehow. Obama is worse than Carter:
“For the last couple of years, President Obama keeps claiming that the recession was the worst economy since the Great Depression. But this is not correct. This is the worst ‘recovery’ since the Great Depression.” The extended stagnation, high unemployment, and the troubling potential for a double dip recession is starting to look more like the Depression itself now.
But the indictment of Obamanomics goes beyond the actual performance so far. Even worse is that the economic policies have been so illogical, so transparently doomed to failure, and so threatening to America’s future.
And he’ll continue them as long as we let him. We can start to fix it in nineteen days. Read the whole thing. I agree with all of it, except the “President Newt Gingrich” part.
[Update a while later]
Comparing two recoveries:
This is why those saying that Obama’s OK, because Reagan’s approval was bad at this point, are whistling in the dark.
The Obama worshippers are just saying that this shows that W left the country in much worse shape than Carter did.
And after all, Hoover did the same thing to FDR … 😉
You can’t fight that old-time religion.
I was hoping someone would come out with a graph like this. Obama’s bizarre economic policies can’t work. At best we will have years of the kind of economic stagnation that preceded the Reagan era.
Getting elected *after* the oil crisis also helped of course. Oh and the congress was Democrat.
Johnny Carson summed it up for me. When Reagan showed he could get the democrats in congress to go along with his agenda, Johnny tells us that Carter said, “You can do that?”
Godzilla,
The Senate was Republican.
The Obama worshippers are just saying that this shows that W left the country in much worse shape than Carter did.
It’s worth noting that only the current Obama supporters have to rationalize things as being worse than they thought. When you’re the group doing the lion’s share of the adjustment to reality, maybe it’s because you have a greater perception problem.
Well, they learned that kind of no-balls whiny excuse-making in their youth. If they didn’t get a good job, it’s because the hiring manager was biased, and if they didn’t get good grades in college, it’s because the teacher didn’t grade on a curve, and if they did poorly in high school and had no girlfriend it’s because no one appreciated how hard it was to live a life of middle-class ennui and sexual frustration, and if they weren’t picked first at recess kickball in elementary school it’s because of the damn ADHD that made them fat and ill-mannered, and that was a result of parents who didn’t care enough, plus society in not…uh…going Harrison Bergeron long ago and making pay all those lucky bastards who always seemed to win merely by working hard and remaining cheerful and kind.
Of course Barry Dunham’s approval is respectable, even if not flying high. Thanks to his arrogance, incompetence, and thuggishness, the Demonrat/leftypig wing of the Court Party is looking at its. Worse. Defeat. Evah. I’m almost ready to give the little man a kudos or two.
Godzilla: Practically the first thing Reagan did was remove price controls from domestically-produced petroleum. We went, instantly, from a country plagued by oil “shortages” to one that has never had an oil shortage since. Reagan didn’t come to office “after” the oil “crisis” ended. He ended it.
It was the single best demonstration of the operation of a controlled-versus-free market in history. I lived it, and wish that others would note it and learn from it.
“It was the single best demonstration of the operation of a controlled-versus-free market in history.”
Natural gas deregulation is a close second. Prices to users plummeted.
Airlines and trucking, too. Didn’t used to be you could get strawberries from California in Philadelphia in the winter, for less than they cost from Eastern hothouses.
Oh yeah, then there’s the telecommunications industry, which brought us cell phones and the Internet.
Amen to all but the Newt Gingrich for PResident part.
You need to realize that “community organizer” is one of those european phrases that has a lot of silent letters in it. It is properly pronounced “commie-czar”.
Obama is worse than Carter, if only because Carter didn’t have Carter as an example.
And Mr. Bush`s war in Iraq didn`t cost anything?
Spending huge amounts on the military is free?
What did Mr. Obama spend cleaning up oil in the Gulf?
Would you rather he left it?
Hmmm…….I think you right wing extremist should spend a little time examining your own navels.
I think you right wing extremist should spend a little time examining your own navels.
Surely you meant to type something more intelligent than what you actually did?
What did Mr. Obama spend cleaning up oil in the Gulf?
Would you rather he left it?
As I see it, the only concrete contribution that the Obama administration did was cooperation from the Coast Guard and insisting on a second relief well in case something happened to the first. In other words, Obama did leave things to BP.