Thursday, August 4, 2011

Obama, the Markets and the Cookie Jar

So now it is two and a half years later. President Obama can no longer hide behind the Bush legacy, a great smile and an excellent turn of tongue. Anybody remember the optimism that greeted his election? The time has come to speak clearly and truthfully. Maybe the American people distinguish between Democrats and Republicans, but for the record, history will only remember who was president at the time. To be fair, the man inherited a woeful situation which he then proceeded to aggravate even further. Hindsight is 20 20. However, The Inconvenient Truth has been pointing out his mistaken priorities, since inception.

1.The president's first act after inauguration was to promote his healthcare plan. MISTAKE. An expensive plan promoted by a left leaning, clearly wet behind the ears president, in the middle of an economic crisis. These types of plans, generally are promoted during an expansion of the economic cycle. What he should have been concentrating on, was job creation.

2.Still floating on a bubble of euphoria, confident that the oratorial prowess and big smile that brought him to power in the US would work for him in other arenas, he reaches out to the muslim world, extending a hand of friendship. MISTAKE. At a cost of sounding repetitive, shaking hands with a crocodile. Masterful speeches in Cairo and Indonesia. Bowing to the Saudi king in a show of "respect". CNN applauds.

3.Overpopulation, rising commodity and food prices (caused by a sinking dollar and QE), create economic pandemonium in Tunisia and Egypt. Quick as a flash, and sensing possible history in the making, he sacrifices old friend Mubarak on National TV. MISTAKE. (Arguably his biggest foreign policy faux pax). After all arrogant left wing intellectualism dictates "the people...the people..." So now "the people" have a sick and dying man on trial in a cage in Cairo. Imagine, Mr. president if you had supported Mubarak and pushed for peaceful change in Egypt? Clearly Mubarak understood the nature of the beast. The cage confirms it. The attack on Lara Logan by "peaceful" demonstrators, should have tipped you off. How does watching all this make you feel?

4.The "arab spring" sets off a horrific chain of events in the area, all violent. Civil wars erupt in Yemen, Syria, Bahrein and Libya. Once again, Obama decides to save the "people" of libya. MISTAKE. Two expensive wars are not enough. Clearly oblivious of the economic problems bubbling at home, he orders an attack on Gaddafi. After all, whats a few billion in this sea of debt? The next generation can pay it off.

5.Priorities. The Obama priority was the mission in Afganisthan, as opposed to Iraq. MISTAKE. A tripling of the forces in Afghanistan cost a fortune, and to what end? What is the strategic significance of Afghanistan? The Iranians are licking their lips at the planned American withdrawal from Iraq at the end of the year. With a Shia majority in Iraq, this leaves Iran holding all the cards in this country that strategically borders the Persian Gulf .

6. Of course, nothing would be complete without mentioning Israel. The Obama plan for Israel is based on the mistaken theory that the settlements are the core of the problem. MISTAKE. In light of events now taking place in the area, no need to comment on the stupidity of this policy. There is no cure for stupid. 

7.For a full two years , the man had complete control of both houses. He was lord of the jungle. Did he begin the process of balancing the budget? MISTAKE. QE 1 and QE 2 increased the debt by over 2 trillion in two years. The Republicans conquered congress last November in a devasting defeat for Obama. Apparently unaware of the bubbling economic chaos and/or misreading the approaching political gridlock, he tries to find middle ground in a pathetic attempt to appease the right. MISTAKE. Its not about his place in history, his legacy, his ideology, his re-election or whose to blame. Its the economy old chap! Its about the American people and the next generation. But not to worry Barack, if plan A fails there are still another 25 letters.....

8.The markets are now speaking out loud and clear. The debt deal is what broke the camel's back. The last straw in the mismanagement of this great country. A mismanagement that began decades ago when the administration of the time  cancelled the gold standard and placed a bucket of milk in front of the fat cat politicians. The markets will do what Obama and his predecessors clearly have not. You can take that to the bank!

Please read Dear Mr. President.... http://inctruth.blogspot.com/2011/02/dear-mr-president.html

Also please read Obama in La La Land http://inctruth.blogspot.com/2010/11/obama-in-la-la-land.html

And as for gold...There is no rush like a gold rush http://inctruth.blogspot.com/2010/10/there-is-no-rush-like-gold-rush_07.html

There is always one unexpected moment when the door opens and lets the future in - Graham Greene


Its not whether you win or lose, but how you place the blame - Anonymous politician

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