The markets, although a tad late in my opinion, are signaling that they have no faith that Europe or the United States are going to be able to get their economies growing again any time soon. The bad news doesn’t let up. Here are just a couple of headlines to demonstrate my point:
Does anyone doubt that the markets are right not to have any faith in our leaders to get the economy going again? Have you seen any evidence coming from either the White House or Congress that these people have any clue as to how to get the economy growing and produce JOBS? I haven’t! All I see is a serious case of Dumb and Dumber with Dumb being the Congress Dumber being the man who occupies the White House. Let’s take a look at each starting with Dumber.
Referring to Mr. President as Dumber is being kind. The man is a liar. The man is deceitful. Some might even say the man is treasonous. President Obama consistently says one thing while he is, at the same time, doing the opposite.
Heres another example of making my case for referring to our President as Dumber. Just a few weeks ago our President submitted a budget to Congress that was a joke. He knew it was a joke. Not even one Democrat voted for his proposal. Now why would the leader of the nation with a very serious economic crisis hanging over its head submit a budget that was a joke. Nobody was laughing.
And here is another example of Dumber’s administration in action. You know what the broken glass theory of economics is, don’t you? Well checkout this story: Obama Agriculture Secretary: Food Stamps Create Jobs . How much dumber can it get?
Obama talks a lot about the need for jobs. Well, he’s right. If you want to get this economy going and reduce unemployment, jobs is the place to start. Remember all those shovel ready jobs that Obama spent billions os stimulus dollars to create? Right! And then he had the gall to laugh it off. And, while his spending was doing nothing to create jobs, his regulatory agencies were busy doing what? They were busy killing jobs: oil and gas drilling jobs, fossil fuel fired power plant jobs, coal mining jobs and even incandescent light bulb manufacturing jobs.
Now, Dumber, just wrapped-up a bus tour through some of the mid-West states. He announced that he is planning to announce a “jobs plan” in September. I can’t wait to see this plan. But, once more our President is demonstrating that he is in favor of jobs, right? Wrong! While he says one thing, he is busy doing the opposite. Checkout these two stories from a couple of days ago: first, New Flower Species Protections Pit Energy Industry Against Conservationist in Colorado and then read Energy in America: Keystone XL’s Oil Sands Pipeline Up in the Air. While reading these two articles, keep in mind the most truly shovel ready jobs in America are in the oil and gas industry.
Okay, let’s move on to Dumb, the Congress, and see what they have been up to.
In the last couple of months, while our nation continued to suffer what could be arguably described as the worst recession in its history, our Congress put on what I can only describe as a circus and a not so funny circus at that. Faced with raising the debt ceiling once again and the crushing effects of our enormous deficits and debt, the Democrats could not even produce a single plan worth mentioning. Now that is Dumb! The Republicans, at least, did produce a couple of plans but neither the President of the Democrat controlled Senate would give them the time of day. That was Dumb! But let’s not give the Republicans too much credit.
The Republicans produced and the House passed a bill called Cut, Cap and Balance, which Harry Reid wouldn’t even allow to come to the floor for debate. But just for kicks and giggles, let’s assume the Cut, Cap and Balance bill had been passed by Congress and signed by the President. Would it have been the panacea that we conservative and especially the Tea Party conservatives were projecting it to be? Sure, it would have been a step in the right direction. It might even have satisfied Wall Street for a while longer. However, I’m not sure it would have done much to get the economy growing and producing jobs again. Austerity measures are an absolute must when looking at our debt and our continuing deficit spending. But, one only has to observe what has happened in Europe to know that when austerity programs are not coupled with plans that allow for job growth and investment, there will be serious problems of civil unrest.
My point here is that because of partisan politics, our Congress could not put the nation first and produce a plan that both cut spending and allowed for job growth and investment and force the President to go along. What could a non-partisan Congress have done, you ask? GET THE HELL OUT OF THE WAY AND LET THE NOT SO “FREE” FREE ENTERPRISE SYSTEM DO WHAT ONLY IT CAN DO!
So, I think I have made my case for referring to the President as Dumber and the Congress as Dumb. And, as the title of this post saya, Double Dumb will lead us to a double dip recession or something much worse. Atlas is saying enough is enough!
Before I sign off, just a little aside if I may. I read an article the other day, I sorry can’t recall where, that postulated why the Democrats are in the mess that they ( and the country) are in. I think the author made it an astute observation. Paraphrasing, the author said the Democrats, after the 2008 elections, looked at their landslide victory on Obama’s coat tails and they looked at the economy in the toilette and made an assumption. The economy will recover on its own. historically the economy always had recovered. So they tought we can go ahead with all of our costly plans and no one will blame us be cause the economy will recover anyway and Obama will get the credit. I think that makes a lot of sense. If I had been Democrat in Congress at that time, I might have made the same assumption. Just goes to show that one should be careful about assuming too much.
Well, that’s what I’m thinking. What are your thoughts?