Meanwhile, back at the real White House, Obama dithers and points fingers. Oh, yes, he perfunctorily apologizes from time to time for not making jobs his first priority, but then he continues not to make them his first priority, until it's time for the next speech to blame Bush again. And so it goes.
Increasing numbers of economic analysts are warning that our fiscal condition is even worse than that of Greece, which has become the metaphor for national bankruptcy, but Obama persists in lusting after the European socialism "ideal."
Reasonable people, unshackled by the poisonous class-warfare mentality that has Obama imprisoned in a no-growth straitjacket, realize that we have to decrease government regulations and cut taxes if we want to rejuvenate the economy. Even Obama's former White House aide Larry Summers is calling for tax cuts for that purpose. But more urgent components of any recovery plan are dramatic spending cuts and entitlement reform.
President Obama is correct that it has taken a long time to get into this mess. And without question, it will take a long time to pay down the national debt. But he's wrong that it should take a long time to reverse the economic malaise we're in, unless he means as long as we continue with his anti-growth policies.
It's time for him to man up and quit pointing scapegoating fingers at George W. Bush. Upon inheriting an egregious economic mess and unimaginable "misery index" from President Carter, President Reagan didn't proceed to blame Carter. He rolled up his sleeves and inside of a few years had the economy soaring again.
Obama must declare a cease-fire in his war on business and the private sector and abandon his pursuit of environmental nirvana. If he and the ruling class would finally legislate into existence a comprehensive reform plan, such as that proposed by Rep. Paul Ryan, to repeal Obamacare, cut nonmilitary discretionary spending and income tax rates, implement structural entitlement reform, and eliminate onerous government regulations, we would see an immediate and profound reduction in the crippling anxiety that envelops this nation over our uncertain future. We'd see a genuine explosion in consumer confidence and economic growth that would make Obama's further scapegoating utterly moot.
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