Thursday, July 22, 2010

#44, the Do-nothing President

This is one of the best analyses I've read about the Obama fiasco/waste of a presidency -- David Michael Green has it nailed, right on the head.

It seems to me that there are four options for understanding Obama's self-defeating tendency when it comes to the economic disaster he inherited. One is that he simply isn't so smart, and doesn't get the ramifications of continued unemployment at the level it's currently running. The second option is that he's just a policy bungler, who has the right intentions but makes lousy choices for trying to get there. The third possibility is that Obama recognizes this latest recession as the capstone (we hope) of a three decade long process by the economic oligarchy seeking nothing less than the downsizing of the American middle class, and he simply lacks the courage to attempt any reversal of this tsunami of wealth redistribution. The final, and scariest - but by no means least probable - explanation for Obama's behavior is that he is ultimately no less a tool in that very piracy project than was George W. Bush or Bill Clinton. (This is exactly what I have come to believe is true!)