Seriously. Obama does not understand basic economics, or, the man is evil.
Take your pick.
Considering that Obama picked Jeffrey Immelt (the head of G.E. who is shipping jobs overseas to China) as his chairman of the Council on Jobs and Competitiveness....I'll pick evil.
Obama is uneducated, economically clueless, of subpar intelligence, and crackling and popping with rage and hatred. However, he is not intentionally destroying the US economy. He is doing it out of ignorance, unquestioned yet misunderstood ideology, and a mind too limited to evaluate facts and circumstances and formulate even a minor course correction.
There is footage, and I wish I had it, of Obama talking about ‘economic stimulus’ very, very early in his term. It depicts a grinning, exuberant Obama talking about how he would spend his nearly one billion ‘stimulus’. He virtually comes right out and says it doesn’t matter what he spends it on. Injecting that much money into the economy in any form will jump start it and ignite a prosperity boom.
The first time I saw it, it was just really, really irritating. Watching an ignorant economic ignoramus spew stupidity about ‘stimulating’ the economy [in all the wrong ways] was no worse than fingernails on a blackboard—back then.
Now it’s terrifying. This is a Keynesian who doesn’t even have a basic grasp of Keynes. Obama honestly did think if he channeled vast sums of borrowed money to, for instance, his union buddies, the economy would take off. When it didn’t, his small mind could fathom but a single reason: he didn’t funnel ***enough*** money to his pet pal/projects.
It is the equivalent of putting a mentally slow second-grader in charge of an aircraft carrier. The kid will be fortunate if the worst he does is steer it in circles. Most likely, he will run it aground and then blame somebody else.
There are still people who think Obama is smart. Such an assessment leaves me thunderstruck. How on earth can anybody watch him for five minutes and not see an AA product so far in over his head only the 24/7 shilling of the MSM is keeping him afloat. If even 5 percent of the MSM turn on him, he will look like a mentally challenged mega-loser in under a week.
Let us pray there is something to save by Nov ‘12. Obama is a wrecking ball in full swing. He needs to be stopped ASAP, for his own good as well as ours.
He has such a hodge-podge of a staff and czars. All the campus radicals of the late 60’s-early 70’s, SDS, Weather underground, SNVCC, Marxists, Leninists, etc. populate his bulging bureaucrazies - they are pervasive and insidious. It is way past Bambi. Way too far out of his or anyone’s control. The evil Valerie Jerrett, born in Iran, and his moronic Voodoo practicing mother-in-law who lives in the WH are said to be two parts of a triumverant with Moochelle-My-Bell which calls all the shots. As Rush has so aptly stated, “We are sooooo screwed.”
The two are not mutually exclusive.
He could be evil and not know a thing about economics.