Friday, January 22, 2010

Obama's Legacy

George Bush with his idiotic "government is not the solution, government is the problem" poison and his "deregulate, deregulate, deregulate" approach to "government" created the Great Recession.

But Obama rode in on a white horse in November 2008 promising to deliver "change you can believe in". But a year later, here is a bit from the BLS (Bureau of Labor Statistics) outlining what Obama has "delivered":
Regional and state unemployment rates were generally higher in
December. Forty-three states and the District of Columbia recorded
over-the-month unemployment rate increases, four states registered
rate decreases, and three states had no rate change, the U.S. Bureau
of Labor Statistics reported today. Over the year, jobless rates
increased in all 50 states and the District of Columbia. The national
unemployment rate was unchanged in December at 10.0 percent but was
2.6 percentage points higher than a year earlier.
Nobody expected miracles from Obama, but the fact that he failed to "get it", to realize "it's the economy, stupid!". A lesson that supposedly Bill Clinton learned in his victory over George Bush the First was lost on Obama. He diddled on a hundred and one issues (sure they were important, but not as important as feeding your family and keep them under a roof!). Rather than set up a WPA or a CCC like what was done during the Great Depression, Obama decided that hundreds of billions of "assistance" would be directed to the big Wall Street banks, to big Detroit auto companies, and other humungous corporations. Obama showed what he wanted as a legacy: he stood by his friends (big corporations).

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