Townhall...
Obamanomics:
The Gift that Keeps on
Giving
By Michael Reagan
8/7/2011
Like
everybody else, presidents have
birthdays and have a right to celebrate them and invite others to join
them in
the festivities. But taking advantage of the occasion to bash the rich
and then
charge some of them a whopping $40,000 to be able to sit near him as he
observes his birthday is nothing short of outrageous.
The
only thing President Obama excels
in is fundraising -- after all, when a president puts the arm on you,
you can
hardly say no. And the president has been putting the arm on a lot of
his rich
friends lately and raising big bucks for his upcoming reelection
campaign. It’s
a shame he can’t create jobs as efficiently as he raises money for
himself. If
he did I might even vote for him. However, he doesn’t, and so I won’t.
He
should quit blaming the rich for
being successful and take a look in the mirror. Instead of quoting my
father to
justify himself and his shocking incompetence he should try to imitate
my Dad
and try to govern as well as my Dad did.
In
just barely two years he has driven
the economy into a ditch yet has the gall to blame our economic
troubles on
President Bush, who has been out of office for two years. Moreover,
during the
last four years of the Bush presidency, Congress, which controls the
purse
strings and thus the economy, was controlled by the Democrats. It
wasn’t George
Bush who overspent; it was the Democrats on Capitol Hill who did their
best to
imitate the most drunken of the legendary drunken sailors.
“Spend
and elect” has long been the
policy for the Democratic Party and they have been on a spending spree
since
taking control of Capitol Hill with nary a word of caution coming from
the
Obama White House. The nation is already staggering over Washington’s
out-of-control spending spree and we have yet to begin to pay the
monstrous
bills for such costly programs as Obamacare.
It
appears that Barack Obama and his
toadies on Capitol Hill have no concern over the fact that their
overspending
is placing a burden on our children and grandchildren, who will be
burdened
with paying the bill this generation’s overspending is putting on their
shoulders. The time-honored American policy of each generation leaving
their
children a prosperous nation has been reversed by Obama and his Capitol
Hill
allies. Their heritage will be mountains of debt.
We
are now experiencing a monetary
crisis thanks to Obamanomics. The savings of the American people have
been
savaged by the president’s economic policies and the value of the
dollar has
plummeted, sending the price of gold skyrocketing. Economists are
warning that
the nation is heading into a double-dip recession.
Incredibly,
the president and his
toadies in the media and on Capitol Hill are blaming that growing army
of
Americans in the tea party for the economic problems for which he and
he alone
are to blame. Decent American citizens who comprise the tea party are
labeled
terrorists for daring to oppose Obama’s quasi-Marxist policies
At
the heart of Obamanomics is the
discredited political movement that has its roots in the political and
economic
policies of Karl Marx. It is a policy that has wreaked havoc whenever
its ugly
head is raised.
Even
with the debt-ceiling compromise
in place, the stock market this week proved that investors are still
nervous
about the economy’s long-term health. It may be a happy birthday for
the
president. It is not, however, a happy occasion for the American
people, who are
paying for the gifts he’s giving to himself.
Read
it at Townhall
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