President Obama gave another speech yesterday, unfortunately it was the same old B.S.
It is quite evident now, as if it wasn’t before, that this guy just doesn’t get it. The U.S., that’s the country he is supposed to be leading, was just downgraded from AAA to AA+ because we are spending the country into the poor house.
A few things were clear in the President’s speech. Despite all evidence to the contrary, he is still clinging to the notion that the federal government can create jobs, he remains utterly disconnected from the reality that the American people are fundamentally dissatisfied with the direction he is taking the country, and he is doggedly sticking to his favorite script — the story of more federal spending coming to America’s rescue.
Despite a $787 billion stimulus package, the unemployment rate is 9.1 percent, job creation is anemic. The failure of government stimulus spending has played itself out time and time again. In the New Deal, Japan in the 1990s, President George W. Bush in 2001 and 2008, and the Obama stimulus last year all failed to generate the hoped-for stimulus.
It’s time to stop re-running the same big-government storyline and put America on a new road of fiscal discipline headed toward economic growth. Congress and the President can start by balancing the budget, lowering spending, and reforming entitlements.
But there is only one way to get this country back on the road to greatness and that is to make Mr. Obama a One Term President.