Saturday, June 9, 2012

Out Of Touch... Again

by: Les Carpenter
Rational Nation USA
Liberty -vs- Tyranny

Sometimes I really do think the President is clueless.

What he is really, really, really saying here is that he believes the already Leviathan federal government needs to grow even bigger, more intrusive, and more regulating. Look to Europe to see how all that is working out for them.

Real Clear Politics - Question: What about the Republicans saying that you're blaming the Europeans for the failures of your own policies?

President Obama: The truth of the matter is that, as I said, we created 4.3 million jobs over the last 27 months, over 800,000 just this year alone.

The private sector is doing fine. Where we're seeing weaknesses in our economy have to do with state and local government. Oftentimes cuts initiated by, you know, Governors or mayors who are not getting the kind of help that they have in the past from the federal government and who don't have the same kind of flexibility as the federal government in dealing with fewer revenues coming in.

And so, you know, if Republicans want to be helpful, if they really want to move forward and put people back to work, what they should be thinking about is how do we help state and local governments and how do we help the construction industry? Because the recipes that they're promoting are basically the kinds of policies that would add weakness to the -- to the economy, would result in further layoffs, would not provide relief in the housing market, and would result, I think most economists estimate, in lower growth and fewer jobs, not more.

Update: In a excellent analysis of President Obama's clueless statement John Podhoretz writing for the New York Post summed it quite well.

Via: Memeoeandum


  1. Sure! Any fool knows we don't have enough government!

    Even worse was when he quoted that blatantly skewed Nutting column that "proved" Obama had grown government less than any other president.

    Either he's a bald-faced liar, or worse, he really believes the absurd crap he spews.

  2. The private sector is doing fine. They are sitting on TRILLIONS in cash. Is it the presidents that they refuse to do anything with their cash? If private sector won't invest in America and create jobs (and they are not) then government should. The Republicans have given business all they asked for, where are the jobs promised?

  3. Anonymous,
    if the private sector has trillions of dollars but won't invest it is losing money not making money.

    you sound like a great teacher of Economics so maybe you'd like to inform the class why the private sector prefers to lose money instead of investing its trillions and allow it to earn profits?


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