Obama administration borders on lunacy
During President Obama’s first term, he totally trumped all past administrations in treasury spending without submitting any budgets to Congress.
I believe he added $6 trillion to the national debt in just four years. The only event that impeded this treasury roller coaster was the 2010 mid-term elections when the GOP gained control of the House.
Still no budgets were proposed or passed due to the democratically controlled senate, but spending continued via resolutions.
But then, as Hillary would say, “What difference does it make?”
Going into Obama’s presidency, he inherited a $12 dollar debt and a corrupt economy, and the green spending light was still on. Government stimulation of the economy was always on the table in past administrations.
He was just following precedent and spending more than his predecessors may turn the economy around, right?
If you do a detailed analysis of where the money went and to whom, it had very little to do with increasing Independent Research and Development for new product development and manufacturing to create meaningful jobs for the middle class.
Most of the money was used to expand the government’s intrusion and control into the private sector, payoff political favorites and unions, foster lackluster green energy efforts that went bankrupt, bailed out Wall Street banks and companies too big to fail and increased welfare payments for greater government dependency.
Interest on the debt is approaching $5 trillion, but then, what difference does it make?
As long as the dollar remains the world’s reserve currency, printing more money cures all and if you’re on the receiving end, you’ve got to love this guy – as was demonstrated by his re-election, due largely to the welfare population centers who embrace socialism.
The recent jobs report indicates that the U.S. now has 92 million people not working.
The lunacy of this administration in deviating from the core principals of our constitution, as demonstrated by the numerous scandals that go unanswered, with not one special prosecutor assignment to date, the continued assault on the free enterprise system via the Affordable Care Act and the signing of over a thousand executive orders has been totally sanctioned by the Democratic Party leadership and its rank and file.
In 2014, we all need to step up to plate and implement a major course correction that will carry forward into the 2016 election cycle.
The Democratic Party comprising the likes of Hillary Clinton, Harry Reid, Nancy Pelosi, Chuck Schumer, Richard Durbin, Al Frankton, Dennis Hoyer, Bob Casey and a host of many other socialist progressive liberals are not fit to govern this great nation.
Frank M. Fedeli