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Tuesday, November 06, 2012
FOUR MORE YEARS?
These are the pictures of an administration. Every image is a key image from the presidency of Barack Obama. And every image is the image of a commander-in-chief who has led America astray.
The great issue of our time is, of course, the economy. And on the economy, President Obama has not merely been a failure; he’s been the most dramatic failure in American history. He inherited a terrible financial situation, thanks to both Democratic-led initiatives designed to incentivize financial institutions to take risks on bad borrowers, and Republican failures to stop them. But he proceeded to make the situation worse, not better, with endless bailouts, unending sale of debt to China, and a deficit situation that puts every child under the age of 18 in the country in over $200,000 of debt.
Forget his promises – halving the deficit, decreasing the unemployment rate to well below 6% by the end of his first term, and the rest of it – his performance has been abysmal.