The Dow is up; the Dow is down. Standard and Poor’s says we’re no longer a triple-A risk; the President says we are and always will be a triple-A country. Oil prices are down; gas prices stay up. The Fed says this; the Treasury says that.
This is what happens when we have a President who constantly chooses compromise over leadership.
Long before Standard and Poor’s downgraded the United States as a credit risk, Barack Obama should have put that company – and Moody’s – right out of business. What he should have done when took office was to explain to the American people how the greedy bastards on Wall Street (and the dweebs at Fannie Mae and Freddie Mac) ran our economy right into the ground and damn near off a mountainside. He should have explained how S&P and Moody’s were complicit with the Wall Street barons, just as the now-defunct Arthur Andersen accounting firm was complicit in the Enron scandal a decade ago. (For those who don’t follow closely, Arthur Andersen was run right out of business in the U-S for all the crap it pulled leading to the Enron implosion.)
Instead of allowing the Wall Street crowd and Toxic Timmy Geithner and Ben the crank Bernanke and their sycophants to continue to “run” the economy, President Obama should have tossed the lot of them out on their ear, told the American people that it was the dismantling of banking regulations put in place a generation ago to protect us from exactly what happened when the economy tanked and 8 million Americans lost their jobs, and that by God he was going to put those regulations back into effect and make damn sure the people who enforce them don’t follow the pattern of the last decade, where one day you’re working for Goldman Sachs, and the next day you’re a “federal regulator”.
President Obama has allowed the “other side” to dictate the terms of every “negotiation” because all his life he’s been an appeaser, a conciliator, a go-along-to-get-along kind of guy, when what this nation needed more than anything else was a leader with vision and courage. He allows the Republicans to refer to Social Security as an “entitlement program”….as if me and millions like me didn’t pay into it for 40 years and we’re somehow now “sucking off the government teat” when we EXPECT what is due us for our years of investment. He’s allowed that little snot-nosed Paul Ryan to lie his ass off about what he wants to do with Medicare (another “entitlement program”???) without clearly articulating an opposing position, and attacking with all the vigor of his administration the REAL cause of the problem, which is the health care industry itself.
My hope now…and believe me, faith has been downgraded to hope….is that the Democrats will come up with someone with the balls to run a campaign that clearly and powerfully shows the American people that Obama was wrong….and so are the Republicans.