You now have it straight. All you have to do is lower your expectations – along with those of your children’s future – and step in line to reelect our beloved President. These people are certainly worthy of an A+ for creativity, even though they clearly deserve an F for factual content. Who would have ever thought that a President would inform the citizens of America that their standards for personal success – like having a job and being able to provide for their family without government assistance – are this Administration’s excuse for inadequate and incompetent leadership?
Let’s take a look at some of these statements:
1) We have no structural jobs problem. We have an invasive government that has thwarted the normal response to an economic downturn. The meager job growth isn’t due to a “mature” economy; after all, why did job growth explode from 1983-1989 without a bubble? We had a mature economy then – the best in the world.
2) That many of us are doing well justifies a national euphoria runs contrary to economic reality. A free market economy succeeds if we all succeed, but with so many Americans hurting, everyone suffers. Our housing prices suffer, our investments suffer, and our earnings suffer. The idea that we can blissfully leave millions of people behind demonstrates the left’s sheer ignorance of the free enterprise system.
3) The fact that we have liquidity in our system, as opposed to the Europeans, is only because in coordination with the Obama Administration, the Federal Reserve has printed immense sums of money that will eventually damage our economy with nasty inflation.
4) Several economic indicators are indeed up, but compared to prior recoveries, the increases are pitiful. Up 0.2% is certainly better than down, but it’s a long way from 1.5%
Karabell joins other Obama apologists (most notably Paul Krugman of the New York Times, who writes weekly of expansive government solutions) in defending the abysmal record of the last three years. They can continue to make these claims, because as Americans, they have the right to argue any economic and political theory. It is our job as citizens not to be deluded by such anti-American rhetoric and demand better.