Are We On The Verge Of The Obama Great Depression?

America has always been a land of boom and bust. It’s just part of the natural business cycle. But Obama and his socialist cabal have channeled Hoover and FDR, who turned an ordinary bust into The Great Depression with a toxic strategy of bigger government, more spending, more debt, expanded entitlements, more rules and regulations strangling business, higher minimum wages, more power to unions, and dramatically higher taxes to pay for this expansion of big government. Sound familiar? Simply add in "green energy" and this is the same toxic brew of the Obama game plan.

Interestingly, it's the same plan that has led Europe to the edge of the cliff as well. The EU is crumbling under the weight of suffocating debt. If you think Greece was bad, wait until you start hearing the news out of Spain, the "green energy" capital of Europe. 25% unemployment. 50% unemployment among young adults. Crushing corporate debt 6 times higher than Germany. Insolvent banks. Greece was child's play. Spain is the world's 12th biggest economy. As Spain crumbles, it will bring the EU to its knees later this summer. So I guess "green energy" didn't work, huh?

The question is, is Obama following this same toxic game plan out of leftist naiveté and ignorance? Afterall, Obama’s lifetime of business experience before taking up residence in the White House would not qualify him to run a Bronx bodega. Yet we made him CEO of the world’s biggest economy. Oops.

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