It's also why he's always pointing the finger of blame on others for his policy failures. Everyone knows by now that Obama's reckless and corrupt stimulus package failed to restrain unemployment as he had promised and that instead of accepting responsibility for it, he blamed Bush.
He also played another familiar liberal card: He insisted his stimulus bill would have worked if he had been allowed to spend more money. So he started pushing for a second stimulus, all while increasing the government's regulatory stranglehold on business and cramming Obamacare down our throats.
All of which is to say -- with added emphasis -- that Obama is fresh out of ideas. Worse, he's the immovable force standing in the way of those who do have constructive proposals.
He didn't even submit a plan during the debt ceiling negotiations, and his party's Senate majority hasn't presented a budget for more than 800 days. We have a spending and entitlement problem, but Obama's ideology precludes him from addressing either. It drives him, instead, to insist on increasing taxes on the rich. But raising rates would further smother the economy and not significantly increase revenues.
The GOP is far from perfect, but it has presented serious proposals to address the debt crisis, which include capping discretionary spending, restructuring entitlements, passing a balanced budget amendment and reforming the tax code. These plans could work, but the Democrats have steadfastly and shamelessly opposed them and ridiculed their proponents, such as Rep. Paul Ryan.
During the debt ceiling negotiations, we've seen more of the same. Obama's Democrats are refusing to sign on to real cuts (only reductions on the rate of spending increases) and even more resistant to meaningful entitlement reform.
If a compromise passes, it will only be because Republicans have concluded, accurately or not, that it's the best they can get in their effort to reduce the bleeding until 2012, when they hope to regain firm control of both political branches. No matter how they spin it, it will not be a good deal; the only question is how bad it will be.
Republicans fear that if they don't take the deal and the budget ceiling is not lifted, disastrous economic and political consequences will ensue: Our economy will collapse and Republicans will be blamed and lose the 2012 elections, and then any chance of saving the nation from financial catastrophe will be lost.
In Honor of His 103rd Birthday, Here Are The 20 Best Quotes From The Late, Great Milton Friedman | John Hawkins