Make no mistake: Barry is a just a little economic genius.
New York Times Magazine Sunday May 1, 2016
Well of course he has a theory. Barry’s got a theory about everything, every one of which has been or will be proven absolutely positively wrong. Butt we won’t let that stop a good story – it’s the Old Gray Lady and you know what their motto is:
“We were moving so fast early on that we couldn’t take victory laps. We couldn’t explain everything we were doing. I mean, one day we’re saving the banks; the next day we’re saving the auto industry; the next day we’re trying to see whether we can have some impact on the housing market.”
“I mean, the truth of the matter is that if we had been able to more effectively communicate all the steps we had taken to the swing voter,” he said, “then we might have maintained a majority in the House or the Senate.”
Butt alas, the Dems didn’t keep the House, or the Senate. And now everyone – including the 2 remaining Democrat candidates – are running on the premise that the American economy is in the toilet and only they can fix it. Which Barry is anxious to explain to the author is just not true. You may think the deficit has gone up because he tripled the national debt while in office, butt actually it’s gone down. You may think that having 93 million Americans “not participating” in the labor market (i.e. not working) is a bad thing; butt you would be wrong because in reality Barry has reduced unemployment from 10% to 5%, even if he had to move half of them to the “non-participant” rolls.
Even Bill Clinton took a swipe at BHO last March while campaigning for Hilz:
“Millions and millions and millions and millions of people look at that pretty picture of America he painted and they cannot find themselves in it to save their lives.” People are upset, frankly; they’re anxiety-ridden, they’re disoriented, because they don’t see themselves in that picture.”
You will not be surprised to hear that Barry disagrees with the public mood he’s created.
He has, by his own lights, managed the recovery as well as any president ever could, with results that in many cases exceeded his own best hopes.
The blame for the continuing weak economy – some would say till this day - can be blamed on several things in Barry’s mind:
- Barry’s reluctance to tell the country how severe the financial crisis actually was – he didn’t want to scare us and make us feel bad about being broke and unemployed.
- the Republicans who kept telling people how bad things were
- the Republicans wouldn’t let him do a big enough stimulus
- it was George W. Bush’s fault
With respect to #3 - the stimulus wasn’t large enough - don’t worry because Barry fixed that on his own. Because, you know, the Do Nothing Congress he was burdened with. He was forced to employ stealth tactics.
Obama has actually been able to oversee a much larger stimulus than has been typically reported. If you add up all of his administration’s classic stimulus measures, including the many tax breaks the administration extended, you get $1.4 trillion, a figure that is nearly twice the original figure. The anti-stimulus, then, was counteracted by a stealth stimulus.
Because the ends justifies the means when your legacy is at stake. The Constitution will just have to wait for a full recovery.
Most surprising detail from the interview - if he hadn’t sacrificed to become a community organizer Barry probably would have been Steve Jobs:
“If I hadn’t gone into politics and public service,” Obama told me, “the challenges of creating a business and growing a business and making it work would probably be the thing that was most interesting to me.”
My prediction? He’ll still find a way to “go into business” after he leaves office. Because rust never sleeps. And because what he finds most “interesting” about business is the outrageous executive compensation packages. Like the ones he used to bash, until he figured out how qualified he now was to land one for himself.
As they say, read the whole thing; it’s loaded with all sorts of good ideas on how to cap executive pay. Which of course won’t apply to executives formerly known as POTUS.
Cross-Posted on Patriot Action Network