Posted by: arnegrim | August 29, 2011

Obama’s Legacy

“…Obama has run up the deficit at more than twice the rate Bush did. ..

…More Americans have been unemployed longer than ever in our history.  And looking ahead, the news is not good.

This is Obama’s failed American recovery, and in the near future, Obama’s impending double-dip recession (thanks in no small part to his three consecutive years with Trillion-dollar in deficits that have inflated the national deficit to soaring heights—$14+ Trillion.)  That legacy clearly belongs to President Barack Obama and with help from the Congress led by Harry Reid and Nancy Pelosi during 2008-2010.   Thanks to them, our country hasn’t even had a budget since Obama took office…

…That downgrade was predestined by the combination of irresponsible spending and Obama’s clueless attempts to throw money at a recovery to no avail.  Spending $1.50 for every dollar of revenue, running trillion dollar annual deficits is reason enough for a downgrade in the US debt rating…

…President Obama wanted to stay above the fray so he provided no leadership. He didn’t even know how to bring the opposing viewpoints together.  He talked about bi-partisanship and consensus, but his actions disproved his words…

…Whatever happens, this failed recovery and impending recession belong to President Barack Obama.  His condescending explanations of why “we Americans” don’t get it, how “this will take a long time,” this recovery, and his “class warfare” about “millionaires and billionaires” versus the “common folk” are all wearing thin…”

http://news.yahoo.com/obamas-legacy-failed-recovery-double-dip-recession-052627528.html;_ylt=ApmLULv5i6f.jjCZfQoED8_59XQA;_ylu=X3oDMTRiNG9zcmczBGNjb2RlA3dlaWdodGVkY3QuYwRwa2cDNzMyNjM1ZDQtMTVhOS0zMWVlLWIxZjYtNWM0ZGQ2MThjNjUxBHBvcwMzBHNlYwNNZWRpYUJMaXN0TWl4ZWRNb3N0UG9wdWxhckNBBHZlcgNkMmM5NDVjMC1kMTM2LTExZTAtYmZiYi04NTRmMTdjOTJjMmE-;_ylg=X3oDMTMxN2RsYm9zBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDNDc4OTRmMDMtMGM3OS0zZjIyLWIxODYtMzYwYjhiYjcwOGQwBHBzdGNhdANwb2xpdGljcwRwdANzdG9yeXBhZ2UEdGVzdAM-;_ylv=3

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