It’s STILL Bush’s Fault!
On March 4, 2010, we entitled our blog, “It’s all Bush’s fault.” We then proceeded to marvel at how the Obama administration was doing its level best to blame all economic woes on W. They inherited a real mess, they said, and the only way to fix the problem was to spend trillions of dollars we didn’t have.
They then went on to call the summer of 2010 the “summer of recovery”, and outlined how the economy would be much stronger by the end of the 3rd quarter that year. Well folks, guess what? None of that happened. In fact, there remain two constants in this administration:
• It has completely failed to produce the recovery it promised to our electorate, and
• They still blame Bush!
Just this week, White House press secretary Jay Carney (who is to Obama what Art Carney was to Jackie Gleason) reminded all Americans that the administration is making great progress in building the road to economic recovery, but no one should forget the deep hole we were handed in the 4th quarter of 2008, blah, blah, blah. We don’t want to burst anyone’s White House press room bubble, but the hole is exponentially deeper now than it was then.
Ladies and gentlemen, we are in year three of Obama’s one term in office. This is HIS economy, and it is OUR big problem.
The President is spending an inordinate amount of time using the fruits of the Oval Office to curry voters’ favor. This is not without precedent, but the difficult times in which we live are unique, and it’s time to call his bluff. When will the main stream media actually chronicle how much time he is spending on the golf course and in fundraising/political events? He is an absentee leader at a time when leadership is direly needed. And please don’t tell us that all is well because Joe Biden is navigating the economic ship of state!
The ongoing evolution of the looming debt ceiling “expiration” is interesting to watch. To listen to Treasury Secretary Geithner, for the Republicans to play Russian roulette with our credit worthiness is the height of irresponsibility. The game is on. The Democrats want to repeat the Gingrich-Clinton showdown of the nineties, when the Republicans lost the game of public perception. They allowed themselves to be manipulated and came out looking like the bad guys. The more things change, the more they stay the same. We’ve been to this rodeo before. Shame on us if we let that happen again.
It is important to note that we hit our debt ceiling on May 16th. Secretary Geithner juggled the books and declared that August 2nd is really the drop dead date. In reality, this is a completely subjective date. It’s August 2nd, because this administration does not want to suspend or delay any discretionary payments. We could easily continue to pay our foreign debt, by prioritizing what checks we issue, and those which we defer. But all that notwithstanding, the Republicans ABSOLUTELY should extract some major spending reductions from the democrats as part of a debt ceiling agreement. This is negotiating 101, and to not gain concessions from this spendthrift administration is to lose a major opportunity to corral the runaway spending that threatens us all.
The fundamental question is as follows:
“Will the American people possibly continue to accept the ‘blame Bush’ argument, and how long can that sham possibly be perpetrated on and perpetuated with the electorate?”
As summer begins to heat things up across the country, and the 2010 “summer of recovery” rolls into the “whoops, we meant 2011 ‘summer of recovery’”, one can only wonder when the majority of our concerned citizens will connect the dots and commit themselves to sending this administration home for good.