Tuesday, July 6, 2010

Liberty?

"Obama is turning us into a poster nation for financial irresponsibility. While other nations at the [G-20 conference in Toronto] were focusing on deficit reduction, Obama was haplessly urging them to join us in Keynesian spending oblivion. He told the conference that global economic recovery remains 'fragile' and implored the nations' leaders to continue deficit spending to sustain the 'recovery.' The Washington Post reports that Obama's remarks 'tempered the Group of 20's headline achievement at the summit, a deficit-reduction target that had been pushed by Canadian Prime Minister Stephen Harper, the host of the meeting and a fiscal conservative.' Obama is wholly impervious to the historical record documenting the failure of FDR's pump priming during the Depression, which exacerbated rather than ameliorated the economic problems. He is similarly detached from reality concerning the failure of his own policies to stimulate growth of any kind to save his beloved public sector and thus recommends more of the same. In speech after speech, he takes credit for having launched an economic recovery in the United States and for achieving job growth. Notwithstanding his economic models that stubbornly predict such results, he can point to no empirical evidence to verify his delusional boasts. It would be bad enough if his economic policies were simply retarding our economic recovery, but they are also accelerating our trip to national bankruptcy. Yet Obama continues to press forward with his foot smashed down on the gas pedal." --columnist David Limbaugh

republished from http://patriotpost.us/

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