Sunday, May 31, 2009

Heaps of wreckage

Looking back, the amazing thing was how President Obama could do so much damage in just his first 4-1/2 months in office. He debased the currency, drove up real interest rates, destroyed the American automobile industry, and was well on his way to running record deficits. Already, by the end of May 2009, there were rumblings from Americans in the red state country that indicated a growing unrest. The more timid hoped that the unrest would not erupt into violence.

Sunday, May 03, 2009

The first 100 days

Looking back on Barack Obama's first 100 days in office as president, we can see that he had been on a tear and had spent money faster than all the other presidents combined. As his chief-of-staff, Rahm Emmanuel had said: "Never let a good crisis go to waste". They took the opportunity with the "stimulus bill" to service all their constituencies, giving them a healthy shot of cash. The overall American economy didn't receive much benefit, but the important groups got what they wanted and needed. The amazing thing was that with the media in full-cry as Obama cheerleaders, so many people rated his performance as an "F" (almost have in two polls that should have been biased in favor of Obama).

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