Someone once said that success has a thousand fathers while failure is an orphan. But when the prodigy in question is today’s rotten economy, President Obama sees more sperm donors than there were unread pages in his health care bill.
President Obama is pointing to problems in Japan and Europe as challenges for the U.S. economy, placing some blame on events abroad for a domestic recovery that is showing signs of slowing down.
…U.S. unemployment rose to 9.1 percent, up from 9.0 percent in April.
That bump is a political challenge for the president, whose re-election in 2012 may depend on his ability to convince voters that his economic policies have been successful.
We concur. For some reason, convincing folks policies are successful is much harder when those policies are failures. Go figure. Since the “Bush’s fault” meme is getting old, Obama has turned to “Casablanca’s” Captain Renault: “Round up some NEW usual suspects”…
“Lately, it’s high gas prices, the earthquake in Japan, and unease about the European fiscal situation. That will happen from time to time. There will be bumps on the road to recovery.”
The bumps he alluded to are called “Obamacare”, “stimulus” and “excessive regulations” to name a few. And those high gas prices are partially because he feels about the domestic oil industry the way Khruschchev felt about capitalism: “We will bury you.”
If the Bump-In-Chief wishes to find the real culprit, he should consider Pogo’s line, “We have met the enemy and he is us!”
– Written by Bonfire of the Absurdities
Source: CNBC
