Saturday, November 14, 2009

More White House economic baloney ~ By David Limbaugh

From WorldNetDaily
David LimbaughBy David Limbaugh Posted: November 13, 2009 ~ 1:00 am Eastern © 2009 Of the many thoughts I had watching President Barack Obama's umpteenth speech on the economy yesterday morning, the most troubling was his refusal to accept responsibility for his disastrous policies. With unemployment having soared to 10.2 percent, wouldn't it have been reasonable to expect that any Obama speech on the economy would at least acknowledge that his "stimulus" plan didn't come close to achieving the results he promised, starting with his claim that unemployment would peak at 8 percent? Even a fallible leader would be humbled by this failed performance, but enjoying messianic stature, the expectations bar is rightfully much higher for Obama. Yet instead of showing contrition, he took to the microphone in a surreal, boastful mode, as if calculating that assuming an offensive posture would fool people into ignoring reality. He bragged about the "bold steps" he had taken "to break the back of this recession." He said he'd prevented "responsible homeowners from losing their homes ... cut taxes for middle-class families ... and created and saved more than a million jobs." But, "We all know that there are limits to what government can and should do, even during such difficult times." Let's examine his claims. Bold actions to end the recession and "created and saved more than a million jobs"? Well, he has engineered massive spending and debt explosions, but many weren't even calculated to stimulate the economy, especially in the short run. [CLICK HERE TO READ MORE]
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