"Now, just as there was in Teddy Roosevelt's time, there is a certain crowd in Washington who, for the last few decades, have said, let's respond to this economic challenge with the same old tune. "The market will take care of everything," they tell us. If we just cut more regulations and cut more taxes -- especially for the wealthy -- our economy will grow stronger.
Now, it's a simple theory. And we have to admit, it's one that speaks to our rugged individualism and our healthy skepticism of too much government. That's in America's DNA. And that theory fits well on a bumper sticker. But here's the problem: It doesn't work. It has never worked. It didn't work when it was tried in the decade before the Great Depression. It's not what led to the incredible postwar booms of the '50s and '60s. And it didn't work when we tried it during the last decade. I mean, understand, it's not as if we haven't tried this theory."
Osawatomie, Kansas, 6 December, 2011, Barack Obama.
Hm, hm, HM.
Gonna get me a fine plate of economic illiteracy and historical revisionism!
There you go. Communist by other means. Government is a warm gun mama. You didn't build that. Oh no you dindt.
It's not a 'simple theory' you clown. It's a FACT and the base root of the West's economic success. It wasn't progressive policies that made the West and the United States mighty. It was free-market trade - just like it happened in Rome. It's YOUR sophomoric critical theory outlook that has distorted this fact and turned into a hideous mess. Thankfully we get a four year reprieve of the progressive virus spreading.
Yeh well there was a depression in 1921 and guess how America got out of it? Coolidge doesn't get enough props for his wise non-interventionism.
Anyway. This is all you need to know about Obama's ridiculously shallow grasp of economics and his talent for bull shitting.
In the upcoming days we will heat a lot about his place among Presidents. Some of his policies (like the Iran deal) we just don't know to judge but there's a sufficient body of work to objectively draw some conclusions.
He's definitely in the bottom pile and not, as one person put it, 'the best President in the last 50 years'. When you look past all the stupid fluff, emotions, celebrity infatuation, and idiotic GOP blaming and other distractions, and objectively examine his major initiatives there's little meat. But that's for another post.