I'm a Pundit Too

Thursday, March 5, 2009

Rookie Mistakes By An Inexperienced Politician

As I begin to write this week’s article, I can already hear the cacophonous cries from my left leaning friends that we just need to give the new President a chance, a chance for his policies to work, a chance for him to show the world how he will lead. After all, he has only been in office about 45 days. How could we possibly know what direction he will take our country?

If we look at what he has accomplished over the past 45 days it provides part of the picture. He has pushed through an earmark laden $800 billion “stimulus” package, all the while claiming that there were no earmarks in the bill. He has nominated several tax cheats to high-level cabinet positions, including the current Treasury Secretary. His administration has attacked members of the media who have questioned his policies. They have thrown money at virtually every area of government with the promise that this will fix the economy, while claiming that they will control spending.

If we examine what he has proposed the picture becomes a bit clearer. He has proposed the largest increase in spending in the form of a federal budget at the cost of $4 trillion. He is proposing a government take over of the health care system. He is proposing drastic cuts in funding for our military and the research programs that help keep them alive. He has proposed to end the development of any type of missile defense system to prod Russia into working to end Iran’s nuclear ambitions; after all, Vladimir Putin is exuding honor and trust.

Finally an inspection of the results of his accomplishments and proposals will bring the entire picture into focus. The President has said that he does not pay any attention to the “gyrations” of the stock market. His belief is that it is akin to a daily tracking poll. If that is the case, a drop of more than 33% since the election should show weakening confidence in his administration’s ability to lead us out of this recession. I know he has only been in office since January, but investors are not going to invest in the stock market if they are not confident that the government will stay out of the way of the private sector. Every company that the government has “bailed” out is doing worse now than before the government opened their coffers to “help”. Citibank, GM, and AIG, to name but a few, have all seen a continual slide since the government stepped in to help. Obama and his team believe that we need to continue down the same failed road.

In the past 45 days, Obama has shown his true liberal colors in the form of spending like a drunken sailor on a 24-hour shore liberty. Along the way he has even managed to disrespect our closest ally. When a foreign leader visits the White House for the first time after a new President is inaugurated, the 2 leaders exchange gifts that portray a mutual respect. When British Prime Minister Gordon Brown visited the White House, he brought with him a first edition biography of Winston Churchill and a penholder made from the timbers of the HMS Resolute, the same timbers from which the desk in the Oval Office was made. Obama’s gift to Brown was a set of 25 DVD’s of Classic movies. This is on top of returning a bust of Winston Churchill that was presented to President Bush by the British government after the September 11 attacks in 2001.

It has been a fast and furious 6 weeks since the transition of power took place and the pace at which the new administration has spent taxpayer money and destroyed wealth has taken many by surprise. Now that the true socialist colors have been shown, many of his one-time supporters are starting to protest. The question is, will there be any economy to turn around by the time the full effect of the failure of his policies is known?

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