Walter E. Williams

President Obama, with the assistance of devious House and Senate leadership, has gotten a health care law enacted that the majority of American voters are against. According to a recent Rasmussen poll, 58 percent of voters support repeal of the health care law. Under the president's leadership, the 2010 budget deficit will reach more than $1.5 trillion, about 10 percent of gross domestic product, the largest deficit since the end of World War II. We're not that far behind the troubled nation of Greece, which has a current budget deficit of nearly 13 percent of GDP. Our national debt at $13 trillion is about 90 percent of GDP and budgeted to grow by $9 trillion over the next decade. On the diplomatic front, the Obama team is not doing much better, showing every sign of permitting a terrorist nation like Iran to acquire nuclear weapons.

Early indications suggest that the Barack Obama presidency might turn out to be similar to the failed presidency of Jimmy Carter. That's bad news for the nation but especially bad news for black Americans. No white presidential candidate had to live down the disgraced presidency of Carter but I'm all too fearful that a future black presidential candidate will find himself carrying the heavy baggage of a failed black president. That's not a problem for white liberals who voted for Obama who received their one-time guilt-relieving dose from voting for a black man to be president, but it is a problem for future generations of black Americans.


Walter E. Williams

Dr. Williams serves on the faculty of George Mason University as John M. Olin Distinguished Professor of Economics and is the author of 'Race and Economics: How Much Can Be Blamed on Discrimination?' and 'Up from the Projects: An Autobiography.'
 
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