obama Channels Chavez

[Katzndogz]

Obama Channels Hugo Chavez, Shows Why He Can't Lead On The Economy - Forbes

But the speech only showed why Obama can’t lead America on the economy. Instead of leading us forward into the modern economics of the 21st century, he keeps reaching back into the economics and politics of old – the failed Keynesian economics of Franklin Roosevelt in the 1930s, the disastrous stagflation of Jimmy Carter in the 1970s, and the supposed promise of progressivism 100 years ago, before the demonstrated failures of Marxism worldwide in the 20th century.

He drew a picture of America as a struggling third world nation, saying at stake today “is whether this will be a country where working people can earn enough to raise a family, build a modest savings, own a home, and secure a retirement.” He explained America before his coming as “Those at the very top grew wealthier from their incomes and investments than ever before. But everyone else struggled with costs that were growing and paychecks that weren’t.”

This sounds more like Indonesia, or Venezuela, or Nicaragua. But it is not America “long before the recession hit.”

 

[Dragon]

Instead of leading us forward into the modern economics of the 21st century, he keeps reaching back into the economics and politics of old – the failed Keynesian economics of Franklin Roosevelt in the 1930s, the disastrous stagflation of Jimmy Carter in the 1970s

And the successful Keynesian economics of Harry Truman, Dwight Eisenhower, John F. Kennedy, Lyndon B. Johnson, and Richard Nixon, who presided over the greatest economic success in the history of the world following the exact same policies.

(Which, by the way, FDR did not, until World War II forced his hand.)

Nice try, Forbes. Cherry-picking is a fallacy, though.

 

[blastoff]

It's an Obama strategery. He knows Hugo is pissed because Barry wants to spend our money helping Brazil drill for oil but not Hugoland.