Wednesday, June 22, 2011

Steve Peters Commentary - #3011 - Did Obama Really Prevent a Second Great Depression? - (2) Follower In Chief - Weekly Standard

It has become a common refrain at the White House and among administration supporters that President Obama's aggressive efforts to stimulate growth prevented an economic catastrophe.  "We had to hit the ground running and do everything we could to prevent a second Great Depression," Obama told supporters last week.  Politically, the claim makes sense. Casting the challenge Obama faced as immense can help explain the economy's lackluster performance in the two years since the recession officially ended.  But is it an accurate portrayal of what really happened?  IBD reviewed records of economic forecasts made just before Obama signed the stimulus bill into law, as well as economic data and monthly stimulus spending data from around that time, and reviews of the stimulus bill itself.  Read more......

Follower In Chief - Weekly Standard - We’ve had strong presidents and weak presidents, skillful presidents and incompetent presidents, mediocre presidents and just plain poor presidents. Barack Obama stands alone as the first president who simply declines to lead. On almost every major issue since he took office in January 2009, Obama has dumped responsibility on someone else, merely paid lip service, or let the issue quietly fade away.  Read more........ SP: This lack of leadership is what we get when we elect a community organizer who has no experience running anything. Americans avoid electing Senators and Representatives as president. They lack presidential material, having failed to prove themselves by making tough decisions and accepting the ultimate responsibility for those decisions--any CEO worth his weight does this every day. We tend to elect experienced individuals such as governors or military officers, accomplished individuals, who have proven track records as effective leaders. "As Harry Truman said about the job of president, 'The Buck Stops Here,' and he had a sign made for the oval office desk that said just that. In his farewell address to the American people given in January 1953, President Truman referred to this concept very specifically in asserting that, The President--whoever he is--has to decide. He can't pass the buck to anybody. No one else can do the deciding for him. That's his job." Obama's tele-prompter reads, "The buck stops with me"--words he often says to the press, while losing his grin, pausing artfully, and continuing in his let's get down to business tone--but this phrase is meaningless. Instead, watch what he does when the press leaves the room and he knows the microphones are turned to off. He always passes the buck on to others, along with the lion's share of blame for anything that does not go as planned.

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