When speaking to a local reporter in Orlando, Florida, President Obama seemed to lay the blame for slow job growth at the feet of Americans themselves. When asked about the sluggish economy and poor job growth over the past several months the president replied, "The way I think about it is, this is a great, great country that had gotten a little soft and we didn’t have the same competitive edge that we…. needed over the last couple of decades. We need to get back on track." Those of you who were old enough may be getting Jimmy Carter flashbacks by now to his infamous "malaise" speech. At that time, President Carter deferred to a "crisis of conscience." It seems as if President Obama is alluding to the same condition.
It appears that President Obama has thrown another log on the raging bonfire of deflecting blame onto others. This time it’s the people’s fault. According to our president,Americano longer has the competitive edge it once had. So I suppose the question is, why?
It certainly can’t be due to the fact that our corporate income tax rate is the second highest in the world, nearly 1/3 of a company’s profits. He uses his sleight-of-hand technique on corporate income tax, decrying big businesses, like General Electric, who use loopholes in the system to pay hardly any income tax. Of course, he says nothing about the hundreds of thousands of small businesses who cannot use the same loopholes and, as a result, end up paying the full load.
It certainly can’t be because these income taxes are so high, and that small businesses are the engine of our economy, that they cannot afford to hire on extra help, especially when the debate tax hikes has still not been settled.
It certainly can’t be because of the president’s relationship with big labor, which continues to play the part of the parasite that eventually kills the host. This certainly cannot be the reason why automakers cannot compete with foreign imports because of union demands to pay bloated wages and benefits that will eventually cripple these companies ability to compete.
And it certainly can be that big businesses are moving huge parts of their operations overseas because of massive over-regulation and over taxation from our federal government. After all we’ve injected close to $1 trillion of our grand kids’ money into the system. This, of course, has worked every time it has been tried in history-just look at Greece!
Once again it is obvious that the current occupant in the White House either cannot or will not entertain even the thought that his policies of economic socialism and big government micromanagement are the cause of the economic slowdown and the nonexistent recovery we have been in for three years. To once again put blame on the American people for the mistakes of the government is the height of hypocrisy.
Will history revere President Obama in the same fashion it did Jimmy Carter? We will see on November 6, 2012.