Posts Tagged ‘Bill Clinton’

“Listen to me now: No president, not me, not any of my predecessors, no one could have fully repaired all the damage that he found in just four years”- Bill Clinton

Clinton also described Obama as “a man who is cool on the outside but who burns for America on the inside”, also Clinton stated that Obama has “laid the foundation for a more modern, more well-balanced economy.”

There a few problems with these statements uttered by the somewhat revered former President at the DNC recently.

Praiser’s of President Clinton’s words need to keep in mind that President Obama did not “find” these problems, he did not “inherit” the problems either. Obama spent a fortune of other peoples money and lots of his own to get the office of the President. The man didn’t fall out of the sky and into the oval office, he worked hard to get there. To say that he simply “inherited” or “found” the issues facing America when he took office implies that he was out of touch, uninformed, and frankly not ready for the Presidency. All of which were criticisms leveled by Republicans toward Obama that were vehemently denied and fought against by Obama supporters.

This type of rhetoric isn’t new to politics and Clinton knows this. Bill Clinton was openly blamed for 9/11 by many neo-conservatives who claimed that he gutted the military and made it possible for those terrorist acts to occur. They claimed that George Bush had inherited an America with weak national security. Clinton received a lot of blame through the first four years of  the Bush era from Republicans, the rhetoric was used as a crucial part of his re-election campaign in 2004.

It was the success of the Bush administration’s ability to convince its base that Bush wasn’t a bad President and that he just needed four more years of work that has inspired this very same propaganda by the Obama administration. It worked once, why couldn’t it work twice?

The next fallacy in Clinton’s statements was that he said Obama has “laid the foundation for a more modern, more well-balanced economy”.

It is the tendency of central planner types to assume that they are solely responsible for the growth and success of the economy. I find the hypocrisy of this mindset to be so blatant that I can’t conceive of how it is missed by so many. Think back to the much vaunted comments made a while back by Obama claiming that “you didn’t build that, somebody else did”. His comments set out to remove the individualism of America to remind us that government has an important role to play. He didn’t say that business didn’t accomplish anything, he said that business didn’t accomplish anything without some form of government assistance. But apparently in the mind of Bill Clinton this isn’t a 2 way street. Government is crucial to the success of business, but businesses and business people are not crucial to the success of  the economy and/or the government. If Obama has “laid the foundation” for this “more modern, more well-balanced economy” then all of the reinvestment, cost cutting, and entrepreneurship of Americans and American businesses  has absolutely no effect on the future of our economy.

The success or failure of the economy moving forward is the sole ownership of Barack Obama if you are willing to accept these remarks as the truth. After all, if you built a brand new house and 3 years later the house collapsed due to a bad foundation you would probably call the guy who laid the foundation and demand restitution. Obama should and will be held to the same standards, if we are willing to forgive Obama for his first lets say 2 years (which is an arbitrary number decided upon by the excuse makers) because he was busy digging out of a hole then from those 2 years forward it is all his. If they are willing to say it took 2 years to dig out of the hole then they are saying that the hole was dug out of in 2 years, right? So around late 2010 early 2011 President Obama’s term began fresh, clean and unimpeded by his predecessor. I am holding every single one of you to that.

If you are willing to put a lot of faith in the words of Bill Clinton and praise him for his wisdom then you had better be willing to own up to what that “wisdom” entails. If you are Barack Obama and you are willing to let him march out into public and speak on your behalf and convince America that you are the best thing for the future because you have “laid the foundation for a more modern, more well-balanced economy” then you had better be willing to take responsibility for the words that he speaks on your behalf.

In my estimation, if President Obama is responsible for the “foundation” of the future economy we are screwed. The foundation he has laid is based on the Federal Reserve continuously pumping more money into the economy to keep it from seizing and collapsing a practice which risks monetary inflation. The foundation he has laid is based on the Federal Reserve mandating that rates be held artificially low for an open ended amount of time to encourage lending of easy money which can lead to the gambling and irresponsible investment behavior blamed for the housing collapse in 2008-2009. The foundation that he has laid is based on the Federal Reserve, a consortium of privately owned banks, buying our national debt and using it as a backer for printing more money (monetizing the debt) risking hyperinflation.  The foundation he has laid is based on buying up failing businesses and interrupting the business cycle to “save” jobs. The foundation he has laid is based on an ever increasing number of unemployed workers, an increasing number of people collecting welfare, and persons claiming disability (a common trick for the long term unemployed who can no longer collect unemployment benefits is to go onto disability).

Thank you Bill Clinton for clarifying for all of us who is responsible for the “more modern and more well-balanced economy” that we have to look forward to.

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