Tuesday, March 3, 2009

Apparently We Elected "Blame First"

"Hope and Change" has transformed into "Blame First" - we could have had "America First".

That's all in the past, just like Obama's current solutions for the economy which are deeply rooted in the failed socialist solutions of FDR. Yes, I said failed. Look it up.

The Wall Street Journal has an excellent article talking about how Obama has been attempting to blame Bush for the economy but now must face the reality of it being HIS fault.

The dismaying message here is that President Obama's policies have become part of the economy's problem.

Americans have welcomed the Obama era in the same spirit of hope the President campaigned on. But after five weeks in office, it's become clear that Mr. Obama's policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence -- and thus a longer period of recession or subpar growth.

The Democrats who now run Washington don't want to hear this, because they benefit from blaming all bad economic news on President Bush. And Mr. Obama has inherited an unusual recession deepened by credit problems, both of which will take time to climb out of. But it's also true that the economy has fallen far enough, and long enough, that much of the excess that led to recession is being worked off. Already 15 months old, the current recession will soon match the average length -- and average job loss -- of the last three postwar downturns. What goes down will come up -- unless destructive policies interfere with the sources of potential recovery.
Read the whole thing and weep.

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