Saturday, November 13, 2010
In tough economic times, nothing is more important than presidential leadership, intelligence, and decisive policy-making. Unfortunately, as Barack Obama continues to demonstrate, we're currently stuck getting "none of the above."
The alleged president is currently meeting with world economic leaders, who are hugely steamed that Mr. Obama is deliberately devaluing our nation's currency to try to increase the sale of goods to foreign countries and reduce the real value of money owed to lender nations like China. And, oh yeah, it also reduces the value of every dollar bill that Americans have tucked into savings accounts, retirement accounts, or (since 2008) mattresses.
This follows hard on the heels of Mr. Obama's botched trade mission to South Korea, in which he made certain demands which the South Koreans were unprepared to meet because they hadn't been informed ahead of time, and so couldn't study the repercussions of the proposed U.S. policy. Oops!
Meanwhile, there seems to be a meaningful communications gap between the president (in Seoul) and his Whitehouse staff. David Axelrod announced that Mr. Obama would drop his demand to raise taxes on small businesses and the wealthy...but now, the president is denying this and saying that the matter must still be debated. But, um, not now...because he's out of the country.
Which means that in an economy which is begging for any kind of direction or certainty, the president has assured that not a single American knows what his tax rate will be just 7 weeks from now. Nor does any business...which is why they're afraid to hire, afraid to buy equipment, and afraid of this president.
There is, however, an upside to Barack Obama's indecisiveness. Because when he does make a firm decision...it's predictably wrong.