I’ve always been an admirer of President Barack Obama. One can only marvel at a man who writes his autobiography before he does anything noteworthy.
Some critics have labeled him a narcissist, but I say it’s just good, old American can-do attitude. You have to appreciate a man who has never experienced the complexities of a paper route or the discipline of the Boy Scouts becoming President, and leading the world’s largest economy and commanding history’s most powerful military.
Upon taking command, he was faced with severe economic troubles, due to the actions of Presidents Carter, Clinton and Bush and the failed economic programs of a Democratic Congress. Hundreds of thousands of jobs were being lost, the car companies were going broke, and many major banks were failing. The National Debt stood at $10.6 trillion and unemployment hovered at 8 percent.
One may have expected a cautious approach with reduced spending and targeted low-interest loans like those seen in the Chrysler bailout of 1979, but no! To counter reckless spending and poor investment that caused this chaos, President Obama saw what few others did. He boldly proposed more of the same.
Almost a trillion dollars were spent on a stimulus package, “green energy” companies were lent hundreds of millions, GM became government and union-owned, yet unemployment still hovers near 8 percent, the Italians own Chrysler, Washington spends about $1.3 trillion more each year than it takes in, and the National Debt stands at almost $17 trillion.
So, what’s the big deal? It’s just the economy, but even on the energy front, his approach was unique. The “green energy” loans went bust, but that’s OK! Five hundred million here, four hundred million there, who’s counting? After all, if they had only worked, then we wouldn’t need those pesky little things like natural gas, offshore drilling and the Keystone Pipeline.