Tuesday, June 29, 2010

President Alfred E. Obama

By David Limbaugh at townhall.com

Observing President Obama's relentlessly reckless approach to our nation's fiscal integrity is reminiscent of the signature phrase of Mad magazine's Alfred E. Neuman, "What, me worry?" Obama struck again last week at the G-20 conference in Toronto, urging other nations to follow his Pied Piper lead into deficit spending hell.

image Unlike recent U.S. presidents who recognized and touted this nation as the world's exemplar for economic growth and prosperity, Obama is turning us into a poster nation for financial irresponsibility. While other nations at the meeting were focusing on deficit reduction, Obama was haplessly urging them to join us in Keynesian spending oblivion.

He told the conference that global economic recovery remains "fragile" and implored the nations' leaders to continue deficit spending to sustain the "recovery." The Washington Post reports that Obama's remarks "tempered the Group of 20's headline achievement at the summit, a deficit-reduction target that had been pushed by Canadian Prime Minister Stephen Harper, the host of the meeting and a fiscal conservative." …

In a nutshell, then, Obama's plan is to spend us into bankruptcy without improving private-sector economic growth, impose national health care and other permanent entitlements to further bankrupt us and suppress the economy, exploit the Gulf oil spill to cram through the further growth-destroying cap-and-trade bill, and then revamp the tax code to place even further burdens on income earners and the economy as a whole. What, me worry? Duh! How about you?

Read more here…