WP newsflash: Obama is no FDR!


It’s a tradition, I guess. The Washington Post reported the Watergate break-in and now, 39 years later, it is still dropping investigative bombshells:

Since the Recovery and Reinvestment Act of 2009 — which Obama and his advisers seem to have believed, incorrectly, would offer a self-perpetuating boost to the economy — Obama has experimented neither boldly nor persistently with programs on the scale of FDR’s initiatives.

Instead, he threw the stimulus money at the states to do with what they wanted. He has given in to prolonging the Bush-era tax cuts for the wealthy and is now considering more belt-tightening that would weaken entitlements. And he’s watched as the number of government jobs has shrunk by the thousands. In the budget negotiations, the president has signaled that he would sign off on cuts to Social Security and Medicare.

But we should have known all along. Unlike FDR, who vowed radical measures to fix the depressed economy during his presidential campaign, Obama offered vague bipartisan pledges. In his inaugural address, FDR asserted: “I am prepared under my constitutional duty to recommend the measures that a stricken nation in the midst of a stricken world may require.” Obama echoed nothing of the kind.

Yes, I kid the Post, but it really is a shame that its news “analyst” spent so much time and space stating facts that have been obvious — even the tardy analyst says so! — for more than two years to anyone who isn’t in total denial about Obama’s disastrously feeble style of governance.

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This entry was posted in economic collapse, Great Recession, mainstream media, Obama, Politics, taxes, The New Depression, unemployment, Wall Street, world-wide economy and tagged , , , . Bookmark the permalink.

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