Obama Out of His Depth, ‘Funking Economics’

If Bush were still in office carrying out the policies that Obama has been, there’d be a lot more noise from the people. As the commentator says here, no criticism of the president is allowed. Is is denial, embarrassment, or have people stopped paying attention now that the election is over, thinking Obama will save the day?

Commentary: Obama is flunking economics

Welcome to March Madness on the Potomac.

Many Americans are so emotionally invested in the Obama presidency that they consider it too historic to fail.

They won’t tolerate any criticism of the president or his administration, finding it easier to simply attack critics. And whatever goes wrong that they can’t defend or deflect, they just blame on George W. Bush.

But to many of the rest of us, it’s clear that President Obama is flunking economics. He is trying to do too much at once, and so he is not doing any of it well. He vows to cut the federal deficit while proposing an avalanche of new spending that will — says the Congressional Budget Office — increase it by as much as $9.3 trillion over the next decade.

Here’s the really bad news, though. No matter what else goes awry, Obama’s strong suits are supposed to be communications and marketing. Yet, this week we learned that this isn’t the case when he has to communicate and market his message on economics.

It doesn’t help matters much that Treasury Secretary Tim Geithner seems too small for his chair. When he needs to inspire confidence, Geithner does the opposite. Whenever he speaks and comes up short on specifics, the Dow plummets. And when that happens, the Obama supporters don’t care and insist that Wall Street is part of the problem and thus can’t recognize the solution.

Full Story

Economists Question Obama

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2 responses to “Obama Out of His Depth, ‘Funking Economics’

  1. Republicans only seem to be able to say every decision Obama makes is dreadful. From where i’m sitting, Obama seems to be doing a decent job.

  2. It goes beyond republicans; economists, democrats and many others also feel Obama is inexperienced. Financial analysts Jim Rogers and Peter Schiff have been concerned about his decisions from the beginning with ‘throwing good money after bad’. His policies are leading straight to hyperinflation.

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