The Bonfire Of Mr. Vanity
But, since Obama’s mispronunciation is a pithier summation of the State of the Union than any of the dreary 90-minute sludge he paid his speechwriters for, let us consider it: Is America a Corpseman walking?
Well, we’re getting there. National Review’s Jim Geraghty sums up Obama’s America thus: “Unsustainable is the new normal.” Indeed. The other day, Douglas Elmendorf, director of the Congressional Budget Office, described current deficits as “unsustainable.” So let’s make them even more so. The president tells us, with a straight face, that his grossly irresponsible profligate wastrel of a predecessor took the federal budget on an eight-year joyride, so the only way his sober, fiscally prudent successor can get things under control is to grab the throttle and crank it up to what Mel Brooks in “Spaceballs” (which seems the appropriate comparison) called “Ludicrous Speed.”
Obama’s spending proposes to take the average Bush deficit for the years 2001-08, and double it, all the way to 2020. To get out of the Bush hole, we need to dig a hole twice as deep for one-and-a-half times as long. And that’s according to the official projections of his Economics Czar, Ms. Rose Colored-Glasses. By 2015, the actual hole may be so deep that even if you toss every Obama speech down it on double-spaced paper you still won’t be able to fill it up. In the spendthrift Bush days, federal spending as a proportion of GDP averaged 19.6 percent. Obama proposes to crank it up to 25 percent as a permanent feature of life.
Sit back and think about that “strategy” for a moment. Would it work for you with your personal finances? You’re deeply in debt so you spend more to get out of it? Let me know how that works out for you.
Obama is paying lip service to creating jobs, but he is sucking the capital right out of the markets with his psychopathic spending spree. What’s left for small business? A proposed one-shot tax credit, paid for with borrowed money that the businesses are almost certainly going to be taxed to pay for at a future date.
Such a deal!
How stupid does Obama think those small business owners are?
The economy is burning down around us and Obama is feeding the flames.
Do go read all of Steyn’s column. As always, it is worth the read.
Obamantics | Gaius February 6, 2010
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By Peter, February 6, 2010 @ 9:30 pm
Obama and company do not understand the first law of holes. When you want to get out of a hole, stop digging.
Nor do the seem to understand that a shovel can fill a hole just as easily as it can dig one.
This makes sense, can anyone imagine Obama or Rahm Emmanual actually doing manual labor?
By ropelight, February 7, 2010 @ 10:22 am
Don’t kid yourself. Obama knows exactly what he’s doing. He’s out to undermine the US economy and reduce America’s influence in the world.
Examine each and every one of his policies, ignore what he says and focus on the results, what you see is a consistent pattern of damage to financial institutions, enabling Islamic terrorists, higher unemployment, government take-over of private sector functions, more taxes, and vastly increased spending.
There’s a method to Obama’s apparent madness, he’s not only digging himself into a hole, he’s got the American people down in the same hole he’s in.
By Mockingbird, February 7, 2010 @ 2:33 pm
This could lead to barter, black market, and the barrel of a gun.