You have to admire the skill with which Obama’s Chicago gangsters ran their campaign. They got women to vote for sterility over mensuration.
Catholics voted for abortion over life. Blacks voted for their nappy headed ho over 40% black underemployment. Jews voted for a nuclear Iran over a safe Israel. Whites voted for minority supremacy.
One thing is for sure. Obama owns the economy. He can’t blame his predecessor because he’s the predecessor. He’s starting with the same economy as he had four years ago – same unemployment rate and all.
The only difference is there’s no more ammo, no more arrows in the fiscal quiver. Quite the contrary.
Obama can’t pass another $1 trillion fiscal stimulus or four more years of budgets $1.5 trillion in the red. His adoring cronies at the Federal Reserve can’t lower interest rates to zero percent and spend $2 trillion buying Treasury Bills in quantitative easing programs.
China won’t buy our debt any more. The Fed is the only one buying our debt, and they’re doing so by printing dollars as fast as the presses will operate.
The heat is on, Mr. President. Right now you need $1 trillion for a down payment on Obamacare. You need another $1 trillion to pay for a six month extension of sequestration and all the Bush era tax cuts.
You need another $1 trillion to pay for your operating budget. You need to sell $3 trillion in T-bills to pay for all this, and nobody will buy that debt. You can’t float bonds on hope.
After months of listening to Romney we all know exactly what it will take to fix the economy. We heard you time and again say you can fix it better.
You could have lost the election and gone out as a mediocre president. You lose this chance to fix the economy and you’ll go down in history as the worse president in the history of the republic.
