I’m sure you’ve heard that President Obama gave himself an overall B+ on his job performance this first year. He’s got to be grading on a curve. How else does one call the hockey stick of unemployment an economic success? I know, I know, he inherited a mess he and his fellow Democrats helped create. But still, he must be including Democratic presidents like Franklin D. Roosevelt and Jimmy Carter in his presidential grading curve. How else to explain it?
Just take the banker fiasco. The president is bi-polar on the issue. The Wall Street Journal summed it up beautifully.
Mr. Obama summed up his White House meeting with the bank CEOs by once again blaming them for the financial crisis and suggesting that they have an obligation to support new regulation being written by Barney Frank (D., Mass.) and Senator Chris Dodd (D., Conn.).
You have to smile at that irony. No two Members of Congress did more to encourage the financial crisis, by preventing reform of the government-sponsored housing behemoths Fannie Mae and Freddie Mac. By ignoring Washington’s role in creating the credit mania, Mr. Obama is hardly offering confidence that his financial reform efforts will prevent a repeat.
Yet none of this seems to count for much at a White House that is reading the polls and sees a political opening because bankers aren’t popular. Someone in that power palace ought to consider that you don’t encourage capitalism by beating up capitalists, and you aren’t likely to encourage more lending by whipsawing lenders.
I recommend you read the whole thing. One shouldn’t blame the lenders for lending too much, then turn around and chastise them for not lending enough. President Obama is counting on the ignorance of the American people in economic matters to give him political cover. The time for apathy is over. Remember this: if not for the free market, you probably wouldn’t be reading this blog, and I wouldn’t be linking to The Wall Street Journal.
Given the standards used by the NEA and the Teachers’ Union, Big Ears is right on track.
He’ll be top of the class in no time.
No homework
No tests
No study hall
Just a lot of “Feel Good.”
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Its Friday afternoon and the last bell has just rung…
Little B+arack: Teacher! Teacher! You forgot to give us home work!
Teacher: It’s Bush’s fault.
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I wish that WSJ snippet was on billboards across the country. I am continually stunned at how many allegedly educated people buy off on the liberal story behind this economic devastation and have not the first clue how it actually came about and how long it took to implode—thanks for that post, paragraph #2 sums it up and stuffs Frank and Dodd in a nutshell where they belong.
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Obama is entirely correct. An astute self assessment of his march towards a Marxist government. He gave himself a B+ on the view that he has so much more to accomplish. We will grade him on Election Day 2012; the only non narcissistic grade that will count.
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