Presidential Failure

IBD Editorials ^ | August 8, 2011 | Staff

[Kaslin]

Leadership: If the president meant to calm the markets on Monday, he failed utterly — and no wonder. All he did was make it clear he's completely out of ideas on how to get the economy moving again.

After his televised remarks, the Dow industrial average continued to fall, finishing 5.5% lower. The Nasdaq plummeted 6.9%.

Why should it have been any different? In his brief statement, the only thing President Obama demonstrated was a cluelessness about the country's current mess — of which the debt downgrade is just the latest example — and an even weaker grasp on how to fix it.

Obama put forward just four "growth" ideas, not one of which will accelerate the snail-paced recovery.

• Raise taxes on the rich. We haven't polled every Keynesian economist alive today, but we're pretty sure few would agree with Obama that raising taxes on the most productive parts of the economy will turbocharge growth. Yet there was Obama once again insisting on it, this time dressed up as "tax reform."

[Awgie]

The most completely incompetent unqualified President in the history of the union. And that’s the nicest thing I can say about him.

[NowApproachingMidnight]

Dually noted.
Someone made 10 Billion Dollars today betting on the downgrade.
Who was it? Soros? Who?

[presently no screen name]

He really does come across as someone who has risen far above his level of incompetence

I wasn't implying he was competent in any way to run our country - but it doesn't take competence to destroy it - his hatred for it does that and that's all his commie handlers needed.

[oyez]

I predict the he will be the first president to expatriate himself.

[Pollster1]

All he did was make it clear he's completely out of ideas on how to get the economy moving again.

I hope he is out of ideas. The communist has already tried everything I could think of that would damage America. If he's run out of destructive ideas, the rate of damage may decline for his last 18 months in power.

[Liz]

POSTED FOR YOUR INFINITE PLEASURE A year into the Obama presidency, Financial Times DC Bureau Chief Edward Luce wrote an account about the insiders who hold the keys to ObamaLand's inner most sanctum -- Rahm Emanuel, Robert Gibbs, Valerie Jarrett and David Axelrod.

Luce wrote: "At a crucial stage in the 2007 Democratic primaries, Obama rejuvenated his campaign with a barnstorming speech, which ended on a promise of what his victory would produce: "A nation healed. A world repaired. An America that believes again."

Just over a year into his tenure, America's 44th president governs a bitterly divided nation, a world increasingly hard to manage and an America that seems more disillusioned than ever with Washington's ways. What went wrong? "

"Americans are too stupid to understand how smart you are."

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When he gets kicked out of office, Americans will look back on the short-lived Obama Era as the Age of The Misfit. He promulgated cockeyed policies---not to confirm and advance the stability of a world-class culture.

Obamae catered to the Third World, to dictators, terrorists, tyrants------to every misfit on the planet.