The New York Times reports that Congressman Pete Sessions, the head of the House Republican campaign committee, claims that the Obama administration is purposely working to increase unemployment and diminish stock prices. Why? So they can “divide and conquer” the American people and consolidate power.
Sessions conveniently ignores the fact that unless the economy starts to revive, unemployment gets under control, and the stock market stabilizes, then Obama is unlikely to have any power at all, because the Democrats would get pounded in the mid-term elections in 2010 and Obama himself would probably not win a second term. In fact, it is pretty obvious that it was the economic collapse during the last year of the Bush administration that cost the Republicans in the 2008 elections. But this would not be the first time that Republicans have argued that the Obama administration was responsible for something that happened before they even won the election, let alone took office.
But never mind all that. Sessions claims that Mr. Obama’s evil secret agenda is “to inflict damage and hardship on the free enterprise system, if not to kill it.” Oh my! Doesn’t this remind you of the conspiracy nuts who claimed that the Bush administration engineered 9/11 themselves so they could consolidate power? Of course, the media immediately dismissed those people as tin-foil-hat wearing crazies, while Session’s unsupported claims are official Republican campaign positions.
5 Comments
I’m already pissed at Obama because we haven’t had three days in a row of nice weather where I live.
Hey, Sammy, come visit me. Sunny and mid-60’s. 🙂
I guess Iron Knee did send us some sun, back when he was baking himself on a beach somewhere (and we had nearly gotten snow the week before).
Oh, and yes, truthers are a funny crowd all by themselves, aren’t they? 😉
Over the next few months, Obama will have to take responsibility for the condition of the economy. He can’t blame Bush forever.
The deficit figures released yesterday, coupled with the President’s unwillingness to curtail spending indicates that a spike in inflation is likely. He will have to increase the money supply to meet spending ambitions.
Also, since the US Treasury is experiencing difficulty in selling debt instruments, interest rates may also rise. The combination of these would kill any jobs recovery as business won’t be able to finance much growth.
Obama has some huge problems, but the biggest one will be His accountability for a sluggish economy. He isn’t deliberately putting the economy into stagnation, but He should be smarter than to increase spending and borrowing at this level.
He will have to answer for His actions and will probably get his wings clipped in 2010. Should the economy behave as it did for Jimmy Carter, He’ll get bounced in 2012.
@MAS1916: Of the last 28 years, 20 of them have been with a Republican president and 8 with a Democrat. The ratio of national debt to GDP rose in 20 of those 28 years and fell in 8. Guess which 8? Hint: During the 8 years, the president was not named Reagan or Bush.
Why can’t Obama blame Bush forever? Republicans are still blaming Clinton (or even Carter) for everything! 🙂