O is going over the top.
He is leaning more and more left every day and what's more bizarre he is
treating the Presidency like his own personal fiefdom and in the process is
attempting to create a public image of himself as the best president America
ever had. Trouble is, he has to rewrite history in order to promote the
intended image and many are taking umbrage.
O insists on penalizing
the rich to make the poor wealthy. This policy is a hallmark of his national
budgets and has been a major sticking point with the opposition in the House of
Representatives. As they have the power of the purse and are controlled by
Republicans, the budget's future looks glum.
But O carries on
insisting that we need to spend more to stimulate the economy and we need to
finance this spending by taxing the rich. In fairness, he has agreed to make
some cuts, but at a rate which may be too little too late.
O has a bevy of
economists who swear by his Keynesian economic theories. I find them rather
compelling myself, but do not claim to have mastered the subject. A big problem
with O's theory is to him, spending has been a matter of reinforcing the
welfare state. Giving money away is a far cry from stimulating the economy.
While I may see some
logic in Keynes, I see none in perpetuating the well-being of jobless and idle
citizens who are content to accept welfare rather than enter into gainful
employment. One problem is that the type of employment they are fit for is not
gainful when compared to what they get from welfare.
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