Thursday, August 11, 2011

Obama Is Right!

When he says he inherited serious economic problems. The Bush II Administration was an economic disaster, from No Child Left Behind, to massive increases in spending, the creation of a new prescription drug entitlement program, and the first stimulus bill following the financial crisis. Do not forget, however, that Obama asked for the job. Yea, he campaigned for the privilege of inheriting these serious economic problems.

President Obama cannot be judged by what his predecessor did, however, he can and should be evaluated based on his response to these problems. Like Bush II, the Obama Administration has been a disaster on economic issues. It was Obama who signed off on further socializing health care. Obama singed the massive fiscal stimulus bill into law. Obama is now talking about increasing taxes. Obama even reappointed Ben Bernanke for a second term as Chairman of the Federal Reserve. Although we cannot blame our present economic woes solely on our current president, we can blame him for his actions that continues to prolong the agony.

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