Saturday, January 23, 2010

President Obama - It Has Been a Year of Fecklessness, Amateurism, and Posturing

See Conrad Black at National Post, January 22, 2010 article
"Incompetent Obama teeters on the edge" at

"The president has three principal problems. He is well to the left of the public and of what he promised the voters in 2008, and it is an old, passe leftism, that is authoritarian, deviously presented and was discredited in this country decades ago; the sort of nostrums that caused Bill Clinton and others to become 'New Democrats.' He is increasingly perceived as having credibility problems and of being cold, cocksure, narcissistic and intoxicated by what he modestly called 'the gift' of his own articulation. And as president, he has been quite, and quite surprisingly, incompetent.

The second of these problems seems to prevent the president from appreciating the last. The only serious domestic initiative to show for the last year is an obscene stimulus bill that has had to be defended by the spurious supposition of 'jobs saved' since, contrary to promises, unemployment has risen by over five million after it was enacted. That target could have been attained without squandering 787 billion borrowed dollars.

Current economic projections call for massive debt increases of $1 trillion a year for a decade, with huge money supply increases that will make history not only by their size but, according to forecasts, by their non-inflationary nature, accompanied by tax increases that will, also miraculously, not retard recovery from the recession. No audible sane person believes this arithmetical fairy tale, including, one dares to hope, the president himself. It is a recipe for guaranteed stagflation and currency devaluation.

The administration bought wholly into the unproved claim that carbon emissions are causing global warming, but global warming has not, for the last ten years, been happening. The president padded around the Copenhagen global warming conference trying to generate enthusiasm for $100 billion annual transfers to the Mugabes and Chavezes, as well as the Chinese (the world's largest carbon emitters), as conscience-alleviating payments for the carbon emissions of the economically advanced countries."

"It has been a year of fecklessness, amateurism, and posturing."

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