On Tuesday night’s broadcast of the CBS Evening News, anchor Scott Pelley opened with sobering words:
“This is the worst economic recovery America has ever had. We’ve been looking for hopeful signs, but today the chairman of the Federal Reserve threw a cold splash of reality on those hopes.”
Now someone needs to give President Obama “a cold splash of reality.” With each passing day, he and his team further reveal their fundamental misunderstanding of the economy.
Obama sees everything backward. Where Americans see individual achievement, he sees government’s work. Where we see failing companies, he sees innovation worth subsidizing. Where we see the need for economic growth, he sees a need for higher taxes. No wonder 64 percent of Americans say we’re headed in the wrong direction.
Here are just six examples of President Obama and his campaign exposing their distorted view on economics and job creation.
1. “You didn’t build that!”
Speaking at a recent fundraiser, President Obama declared, “If you’ve got a business, you didn’t build that. Somebody else made that happen.” By “somebody else,” of course, he meant government. For the president, government is the source of all good. Entrepreneurship is apparently some old economic fiction.
This comment is more than just appalling. It’s insulting to every American small business owner and every entrepreneur who took a risk, started an enterprise, and put people to work.
How can we expect President Obama to encourage much-need entrepreneurship if he doesn’t even respect entrepreneurs? How do you promote individual achievement with a president who doesn’t believe in individualism?
2. 6 months. 106 fundraisers. 10 golf trips. 0 jobs council meetings.
As of Wednesday, six months have passed since the last public meeting of President Obama’s jobs council. When asked about this, White House Press Secretary Jay Carney replied, “The president has obviously got a lot on his plate.”
So, President Obama has time for 106 campaign fundraisers in six months, but he does not have time for a single jobs council meeting. He says jobs are his “number one” priority, but he really means Number One’s job is his priority.
3. Calling bankruptcy “successful and innovative”