To say this man is challenged in terms of economics would be a gross understatement. He is not challenged, he is simply, totally, wrong. Obama subscribes to Keynesian economic theory, which places the government at the center of all economic activity, and essentially ignores the private sector and casts the government as the creator of jobs and productivity. In turn, the fruits of that productivity are heavily harvested by the government and then passed out to its citizens on a fair and equitable basis according to need.
Let’s understand something very clearly right here. The federal government does not produce any revenue by offering products and/or services. All of its financial resources come from either taxing its citizenry or from printing currency that has no asset backup other than the mere trust invested in it by the people. Ironically, it’s a loop: After taking a portion of the people’s earnings in the form of taxes and leaving them with less money to care for their needs, the government then prints more money which, once in circulation, only devalues their incomes.
Government does not create jobs—unless you are speaking of those jobs which populate an ever-growing federal bureaucracy—a phenomenon that has run wild on Obama’s watch. Business entities in the private sector create jobs and they do so solely for one reason: there is a business rationale for those jobs; they help to either sustain or improve the bottom line of the company. When companies experience financial success, they seek to expand and that expansion creates new job opportunities. When companies are burdened with increasing oversight and regulations, then the opposite occurs: they remain at status quo, they shrink, or they go out of business.
One does not have to ponder long to realize that President Obama has little or no use for the private sector. Since taking office in 2008, he has avoided any significant actions which would have invigorated it, and, please, don’t even bring up the Stimulus which essentially threw over $800 billion dollars of taxpayer money into a deep, dark hole. That money never made it into the mainstream economy, nor was it ever intended to. How could it be when it was thrown around to entities that are not part of the mainstream of the economy? At every turn, this President has been calling for someone to build roads and bridges. Apparently he believes that America’s economic salvation lies solely in improving our roads and bridges. Well, Mr. President, in case you aren’t aware, construction does not cover the broad cross-section of Americans who need work. Actually, Obama knows this. His words and actions are not synchronized in any fashion. Our government has the duty and responsibility to create and sustain an environment in which businesses can succeed and thrive; Obama has done nothing in this regard except to undermine it with his actions.
Here is Obama scratching his head as to why people are not benefitting from his policies. At the same time, organizations such as the Environmental Protection Agency continue to generate regulations that create more and more difficulties for all types of businesses. The most recent example of this is the EPA’s pursuit of greater control of the nation’s groundwater. The regulations they have created are said to be quite ambiguous, a fact that has even been conceded by the EPA’s Administrator, Gina McCarthy. In other words, the proposed regulations have been written broadly enough to allow interpretations of convenience wherever and whenever convenience is necessary. Now, Ms. McCarthy is quick to point out that it is not the intent of the EPA to be ambiguous or to apply these regulations in a sinister fashion; rather she implies that Americans must trust the EPA to do the right thing. Well, I believe we have already seen some of their handiwork when we look at their dealings with the U.S. coal industry—not a pretty sight. No government entity should be allowed to function with regulations that are open to interpretation. And no government entity should be allowed to function without a curtailing oversight—a bullet which the EPA conveniently dodges by virtue of its charter.
Americans are paying higher and higher prices for groceries. Their shelf price is steadily increasing and for good reason—the cost of transporting them to market continues to rise. Why? The price of gasoline and diesel fuel continues to rise. The Obama Administration has turned its back on America’s fossil fuel resources, allowing the USA to continue to be dependent on the Middle East to sustain fuel supplies. There is minimal drilling on federal lands. Alaskan resources have been blocked in the name of preserving the environment. The Keystone XL pipeline has been left in limbo as the State Department continues to review it—a review with no conclusion in sight as long as Obama is in office.
These tactics comprise Obama’s modus operandi as he attempts to drive Americans away from fossil fuels. He takes these actions despite knowing that no real viable options to fossil fuels exist at this point. When reality raises it head, it shows up as higher consumer prices, something which punishes the average working American—the guy or gal who has lost $4,000 annually on average, or lost his or her job since Obama took office. The Left-leaning media of America praises Obama for his intellect and quickly points out his educational background at Columbia and Harvard. But with all that intellectual firepower, the President cannot fathom how Middle America has been economically hurt on his watch.
Obama talks a good game, but his actions do not mirror his words. He claims the Republicans in Congress have kept him from achieving the Utopia for America that he knows he can deliver. He makes this claim knowing full-well that any legislation which gets to the floor of the Senate and beyond Harry Reid must reflect his thinking or it never sees the light of day. Obama himself, with the assistance of Harry Reid and Nancy Pelosi, has crippled America economically and burdened it with debt that has almost doubled since he took office. Somehow, though, Obama wants it both ways. Conservatives and Republicans in the House have made efforts to stop his agenda but in many cases have not been successful. Still, when the outcome of his policies hurt the American people, Obama quickly points an accusing finger at the House: Those uncompromising Republicans are the ones that America should blame. Apparently his inability to understand economics also extends to his understanding of how a real federal government in America should work. This man needs another line of work.
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