Apparently Obama and his administration operate under that old, underhanded adage that if you tell a lie long enough and loud enough it becomes “truth” because Obama has done it again by lying about how his jobs bill was to have been instrumental in the repairs of bridges that span the Ohio River.
Back in September President Obama had another one of his campaign rallies disguised as a press conference in downtown Cincinnati in front of the Brent Spence Bridge, a span that connects Ohio and Kentucky. At that time he claimed that his jobs bill and stimulus money was to pay for much needed repairs on the bridge. Afterward, newspaper fact-checkers in Cincy as well as Washington DC noted that Obama’s claims were simply untrue, no stimulus money was going to any of the bridges over the Ohio river, much less the Brent Spence.
Barack Obama is the most antibusiness president in a generation, perhaps in American history. Thanks to him the era of big government is back. Obama runs up taxpayer debt not in the billions but in the trillions. He has expanded the federal government’s control over home mortgages, investment banking, health care, autos and energy. The Weekly Standard summarizes Obama’s approach as omnipotence at home, impotence abroad.
The President’s actions are so bizarre that they mystify his critics and supporters alike. Consider this headline from the Aug. 18, 2009 issue of the Wall Street Journal: “Obama Underwrites Offshore Drilling.” Did you read that correctly? You did. The Administration supports offshore drilling–but drilling off the shores of Brazil. With Obama’s backing, the U.S. Export-Import Bank offered $2 billion in loans and guarantees to Brazil’s state-owned oil company Petrobras to finance exploration in the Santos Basin near Rio de Janeiro–not so the oil ends up in the U.S. He is funding Brazilian exploration so that the oil can stay in Brazil.
More strange behavior: Obama’s June 15, 2010 speech in response to the Gulf oil spill focused not on cleanup strategies but rather on the fact that Americans “consume more than 20% of the world’s oil but have less than 2% of the world’s resources.” Obama railed on about “America’s century-long addiction to fossil fuels.” What does any of this have to do with the oil spill? Would the calamity have been less of a problem if America consumed a mere 10% of the world’s resources?
The oddities go on and on. Obama’s Administration has declared that even banks that want to repay their bailout money may be refused permission to do so. Only after the Obama team cleared a bank through the Fed’s “stress test” was it eligible to give taxpayers their money back. Even then, declared Treasury Secretary Tim Geithner, the Administration might force banks to keep the money.
Read More: By Dinesh D’Souza, Forbes
President Obama should ask for and accept the resignations of Treasury Secretary Tim Geithner, National Economics
Council chief Larry Summers and the rest of his economics team, House Minority Leader John Boehner said Tuesday.
In a speech to businessmen in Cleveland, Boehner, the man poised to replace Nancy Pelosi as House speaker if Republicans win back the House majority in November, offered a scathing assessment of the president’s stewardship of the U.S. economy, which he said includes massive increases in spending combined with higher taxes and more rules and regulations.
Already budget director Peter Orszag and chief economist Christina Romer have returned to their previous lives. Boehner said Obama should clear the decks of the rest of his advisers.
“We’ve tried 19 months of government-as-community organizer. It hasn’t worked. Our fresh start needs to begin now,” he said.
“We have been told that the president’s economic team is ‘exhausted’ … The worse things get, the more they circle the wagons and defend the indefensible,” he said.
Boehner claimed that the failure to see a revival of the economy is due to a “lack of real-world, hands-on experience” among the staff.