They say that Obama’s hair is turning gray. The guy is getting to look more like Bush every day – and in more ways than one!
Obama has misspent his political capital. He could have cut off, or at least curtailed, manufactured imports. Now, he has lost the political power (or understanding) to do so.
Had Obama curtailed manufactured imports, the trend of unemployment would have reversed. America would be back on the way up. The stock market would be up – the Great Depression II would be on its last legs.
As long as unemployment increases, there are fewer buyers, so what good does a bail out the likes of General Motors, when so many potential buyers of cars are unemployed, and don’t have the buck to buy? Even those who are employed are too scared to spend – and rightly so.
Instead, Obama and his poorly informed advisors, are preaching “Globalization.” Obama is even talking with British Prime Minister Gordon Brown about saving the world.
Screw the rest of the world! Let them save themselves.
Obama has also copped out on the Iraq war. He is now in complete agreement with McCain on that point. Obama won the debate on Iraq against McCain, but went on to bow down to McCain. Who knows when the U.S. will be out of Iraq? Who knows when the financial and human bleeding will stop? Certainly, Obama doesn’t know.
Obama is surrounded by Bush advisors. The worst of which is Timothy Geithner, who, in his former position as president of the Federal Reserve Bank of New York allowed Wall Street to run wild. Geithner also let himself run wild by not paying his taxes, when he had accepted the money to do so? If the average American had behaved as Geithner did, he or she would be bankrupted by the IRS, and most likely on his or her way to jail.
Obama has become the left-wing version of Bush – a prisoner of his bad advisors.
Now, it’s Obama’s stock market.