Well, here we are, two days after election day. It still stinks that Barack Obama was reelected. If you’re looking for silver linings, they’re few and far between. But at least it’s going to be a little more difficult for Obama to blame the “mess he inherited” on someone else. He owns it now.
But I digress: back to the silver lining. Obama will now have to reveal his agenda for a second term, heretofore a closely-guarded secret. In particular, what is he going to do about the nation’s $16 trillion debt? Obama’s answer during his first term was “nothing.” His budget, incorporating any number of optimistic assumptions, called for the debt to rise to $20 trillion. I don’t see how Obama can get through his second term without articulating some plan, however half-baked, for dealing with the debt. Ben Bernanke can’t keep interest rates at zero for another four years; at least, I don’t think he can. As soon as interest rates start to rise, the budget–no, wait, we don’t have a budget, but you know what I mean–is blown. It will be difficult for the press to conceal from the American people the fact that we are broke.
Obama’s default idea is to raise taxes on the rich, but that approach has a fatal defect. We suffer from a severe shortage of rich people. You could confiscate every penny belonging to every rich person in America, and not make a dent in the national debt. So, Barry, over to you: what’s your plan? I confess that I am looking forward to watching Obama squirm.
Have no doubt that as he squirms he’ll still be blaming others for his failures. He’s blame Republicans in the House. He’ll probably still blame Bush. And he’ll blame the American people for not being patient enough or understanding his nuance. I’ll blame the American people too, for reelecting this SCOAMF.
@lonelycon I’m sure he will continue blaming GW. With the media making love to him, who’s going to expose this fraud?
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@lonelycon good one!
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@lonelycon He’ll blame all of us for obstructing him and being “too stupid” to understand his BRILLIANT aims!
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@lonelycon Still Bush “It will take more than four years to fix what Bush did”. Narcissists blame. It’s what they do
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@lonelycon
Bush
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@lonelycon there will be somebody
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LC you have a nasty habit of not putting ‘President’ before his name. Just sayin’.
We just have to focus on the House and Senate. President Obama doesn’t make law. In the long term scope of things, hes not that important.
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For two days I haven’t referred to him as “President Obama” and suddenly I have a “nasty habit.”
Oh, and he may not make law, but he hands down executive orders left and write and has his bureaucracy enacting regulations. Get a clue.
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Barack Obama is uneducated, credential yes, but not educated; lazy, but somehow yet arrogant. Barry lacks any clues pertaining to economics. Fairness is a political straw dog, but not a economic principle. Henry Ford got rich selling cars to working class people. Ford had a better idea and a better product. Fairnsss has nothing to do with it.
Likewise Ray Kroic got rich selling hamburgers, Bill Gates software and Hugh Hefner illusion People get rich off of better ideas and better products. As consumers we all benefit from better choices.
Obama’s belief iis that succes should be punished. Hence, under Obama, we will see less of it. The doesn’t know much.
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It’s the fault of the obstructionist Republican majority in the House of Representatives. They are the ones responsible for spending!
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Lonely, I thought I could take comfort in that he would have to own his presidency. But, after seeing how the media treated him and treated the Republicans, I believe, and I am not being funny, that he will blame the Republican House, Bush, the Tea Party and the Religious Right. Sadly, people will lap that up, especially the minorities. I think the Independents will see through it but students and the minorities are so ill-informed as to what makes a good government tick that they will line up like sheep agreeing it’s our fault.
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Please tell me you are not serious! This backs up my original post. Sheeple! BOTH parties are at fault. This started with Johnson’s “Great Society”. To fund it (and Vietnam) he broke the SS piggy bank in 1966, and it’s been empty since 1972. Both parties have spent like drunken sailors. Our representatives have only one mandate: to get reelected. Right behind that is give their constituents whatever they want so…they can get reelected. “Obstructionist Republicans…” Lord, but we are a nation of sheep!
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