That’s what Obama told people on the campaign trial when discussing the horrible economy we are straddled with under his presidency. So, if you will follow along here, and allow me to set this up with some facts, I will put some perspective on this claim. First off, according to Obama and the left’s reckoning, the economy went south because of evil Boosh. W’s his tax cuts for the rich and his wars to steal oil – do they still call it that these days? – being the main reasons, and not the growth of the entitlement nanny state, though. Those of us that know better know we had an implosion in the housing market because for 3 decades democrats pushed laws and guaranteed government backing to lenders to get them to go along with the insane practice of forking over huge sums of money to bad risks – because they believed that homeownership, like healthcare, was a right – then tried to hide the bad loans using Freddie & Fanny and a whole lot of trading schemes and scams, until the whole house of cards came tumbling down.
They will also tell you evil Boosh threw a whole bunch of money at Wall Street when this happened. The fact is Bush’s people wanted $350 billion, Pelosi’s congress jacked it up to $700 billion. We should have spent exactly $0 and let all these banks go belly up. It would have hurt for a year or so, but we would have been fine after that. And most of that money went to bail out friends of the democrats. That was followed, with Obama as president by then, by a
stimuluspatronage bill that’s going to cost tax payers over a trillion dollars when said & done, that served primarily to help service the usual democrat constituencies – federal & state workers, lobbyists, big donors, and eventually campaign coffers – at the expense of over one million private sector jobs according to economic analysts that understand how dumb the Keynesian bull is.
But they did not stop there. While they where siphoning massive quantities of money from the private sector, pissing away tons of money we don’t have, tacking on about 2 trillion of new debt every year, and letting the very architects of the regulatory morass that led to the housing collapse rewrite the rules of the game, they also wanted to push a massive “Cap & Tax” bill – for the environment and to push green jobs! – created the most hostile anti-business environment ever, ratcheted up the class warfare, and passed what will likely become the final nail in the American coffin, Obamacare, on a purely party line vote, after throwing billions in bribe money at their own party members to get them to go along and setting up a scheme for their friends to get exclusions to the law.
The class warfare rhetoric & anti-business agenda has been so evident and thick, against the people most needed to invest and grow the economy that it is an insult to hear any democrat, and especially the president, pretend they give a rat’s ass about anything but government control of the markets, and certainly their track record proves that what they did was anathema to job creation of any kind in the private sector. Hence the tour to convince people that the problem isn’t them, but bad luck:
At a town hall meeting on his campaign-style tour of the Midwest, President Obama claimed that his economic program “reversed the recession” until recovery was frustrated by events overseas. And then, Obama said, with the economy in an increasingly precarious position, the recovery suffered another blow when Republicans pressed the White House for federal spending cuts in exchange for an increase in the national debt limit, resulting in a deal Obama called a “debacle.”
“We had reversed the recession, avoided a depression, gotten the economy moving again,” Obama told a crowd in Decorah, Iowa. “But over the last six months we’ve had a run of bad luck.” Obama listed three events overseas — the Arab Spring uprisings, the tsunami in Japan, and the European debt crises — which set the economy back. “All those things have been headwinds for our economy,” Obama said. “Now, those are things that we can’t completely control. The question is, how do we manage these challenging times and do the right things when it comes to those things that we can control?”
Let that sink in. After owning government for 2 years and focusing on anything but getting the private industry to create jobs, they blame the fact things have gotten worse not on their actions, policies, and beliefs, but on bad luck! Anyone that believes this nonsense deserves this economy. The problem isn’t bad luck: it’s the downright hostility towards the private sector, job creators, and anything not controlled and run by the academics in government, coupled with a heavy dose of incompetence, if not outright malicious forethought and action, all while pissing away trillions of dollars, that has basically pushed investors, job creators, and even the American people into playing tortoise, hoping this ill wind blows over sooner than later.
If Obama wants to blame things on bad luck, blame it on the bad luck that we had so many people fall for the propaganda that turned a community organizer/academic with a resume that’s thinner than that of the average college grad into the second coming. I guess the adage that history repeats itself is playing itself out. People forgot the Carter years. Obama is hell bent on making those of us that do remember those finally say someone did worse than Carter.