America Celebrates Obama’s First Anniversary As President
But For A Very Different Reason
Well, it’s been exactly a year since President Obama took office as I write this. And, as an anniversary present Tuesday night, Senator-Elect Scott Brown (R-Massachusetts – and doesn’t that sound good?) gave the nation a real present: “Change” that brings us real “Hope” for the future.
But today, it’s time to look at Obama’s first year in office. Recently, Oprah Winfrey interviewed President Obama (re-defining the term “softball interview”) in which she asked the President how he would grade himself on his first year. Here (with corrections where appropriate) was his response:
POTUS: Good solid B-plus. I think that we have inherited the biggest set of challenges of any president since Franklin Delano Roosevelt.
Uh, Mr. President, the truth of the matter is, you have done little more than created the biggest set of challenges of any other president… since George Washington. Consider the following:
- You have taken what you inherited from the Bush administration in terms of debt and quadrupled it in less than a year. And the vast majority of debt you claim to have inherited from the Bush administration were, in fact, caused by the Democratic dominated Congress.
- To that debt, you (along with Congress members from both parties) added well over $700 billion in new long-term debt with a pork-filled stimulus package (after campaigning on the promise that you would not accept pork-filled legislation). That stimulus package was rammed down our throats in the middle of the night and immediately signed by you with no public posting on the Internet as you had also promised to do during your campaign.
POTUS: We stabilized the economy, prevented the possibilities of a great depression, or a significant financial meltdown. The economy is growing again…
All due respect, Mr. President: You have done none of the above. You are either naive or you are hoping we are. While there are signs of momentary stability, key financial indicators suggest otherwise for the long-term. From Seeking Alpha today:
“In its recent earnings report, JP Morgan (JPM) revealed that it had a bigger loss in its retail financial services division in the fourth quarter of 2009 than it did at the height of the Credit Crisis in Q4 2008. Bank of America (BAC) and Citibank (C) earnings reports for last quarter also indicate that their lending and consumer credit operations remain troubled and that a U.S. economic recovery has yet to take place. The banks are only making money from their investment banking operations and this has offset major losses from lending activities – the core business for any bank.”
The business world has been afraid to add new workers due to the uncertainty of what might lay ahead in the way of insurance costs with your proposed health care. It certainly didn’t help that you set up a private deal (behind closed doors) with unions, agreeing to exclude them from the 40% penalty for so-called “Cadillac health-plans.” That has held back economic recovery, and fostered resentment in the public as this will create a caste system in our society that has no place in a democracy… and will only breed more resentment until it eventually pits the “haves” with those who are forced to bear the financial burden for them. This is not an accomplishment, Mr. President. This is either resolute failure, the result of corrupt, closed door wheeling and dealing. So much for your Change and Transparency.
And now, the commercial real-estate bubble is expected to burst next, with long-term implications to the economy. This, from CNN/Fortune in October:
“When the FDIC closed Chicago’s Corus Bank last month, it may have signaled the beginning of the next shock to the banking system: commercial real estate defaults.”
In short, the banking industry sees the collapse of the commercial real-estate market as having the potential to put this country into a deeper, longer recession (read the full article at the above link).
This has been echoed by other financial experts. From Forbes.com 2 months ago:
“The commercial real estate market is on its last legs and unless drastic actions are taken, the effects on the broader economy will be catastrophic.”
Add to the above the fact that you have commited the United States to Trillions of dollars in additional long-term debt that even now, most Americans don’t realize, will bankrupt the country, unless drastic steps are taken soon. This accomplishment of yours (spending at the light of speed during one of the weakest moments in our economic history) means that, as a nation, we will most likely pass a lifelong debt to the next several generations, and expose the U.S. to 3rd world standards in terms of our living conditions. When the “average Joe” finally wakes up to this reality, how do you think THEY will grade your performance? You have robbed Americans of not only our future, but our children and grandchildren’s future.
POTUS: “We are on our way out of Iraq.”
Congratulations on discovering a new way to fight terrorism: Publish your timetable so the insurgents know just how long they will have to wait to continue their attacks on the Iraqi infrastructure. Nice to let them know they have off between now and summer of 2011 to gear up. I’m amazed General Patton didn’t think of this clever idea in WWII.
POTUS: “I think we’ve got the best possible plan for Afghanistan.”
And it only took you three months to respond to the urgent request from General McCystal to provide them with more troops. Shame on you for making our troops wait 3 long months for relief.
POTUS: We have reset our image around the world.
No sir! YOU have reset our image around the world, as that of a weak nation whose leader will kiss the ass of anyone without precondition (or disinfectant). A leader who will repeatedly apologize for that which has made America great. And, for your efforts, you won a meaningless peace prize, while most of our enemies are still laughing at you – and America – beind your back. Your ego and hubris prevent you from seeing this. No matter: Your arrogance would prevent you from admitting it.
POTUS: We have achieved an international consensus around the need for Iran and North Korea to disable their nuclear weapons.
Where were you these past few years? Oh, that’s right: Voting “Present.” Here’s an update for you, Mr. President: There was already a consensus that Kim Jong-Il and Mahmoud Ahmadinejad are both goofballs that need to be dealt with quickly and harshly… not merely given verbal repremands with nothing behind them. And, having watched you on your extended world apology tour they have both taken great pleasure in thumbing their noses at you, continuing their plans, developing their weapons, knowing you would do nothing but make another speech. These countries once feared crossing us. Now they laugh at the prospect.
POTUS: “…and I think that we’re gonna pass the most significant piece of social legislation since social security and that’s health insurance for every American.”
The manner in which this piece of legislation has been developed is a shameful example of your utter contempt for (and deception of) the American public, essentially holding meetings behind closed doors, and using nothing less than multi-million dollar bribes to garner key votes. More experienced congressmen and women played you like a cheap fiddle, costing the American Taxpayer hundreds of millions of dollars… to buy their votes. Instead of hope and change, you have merely instigated more corruption and abuse of power, all for a system the vast majority of Americans have insisted we do not want! That’s not an accomplishment, Mr. President. That’s not representing the interest of the people. That is outright arrogance and shame.
Worse, hiding clauses in the legislation that state this legislation, once passed, cannot be undone by future members of Congress is downright unconstitutional. Another example of the hubris of your administration.
You have continously thumbed your nose at the very Constitution you swore to defend and protect. You repeatedly have shown poor judgement in your appointments (Tax cheaters abound in your administration, including your head of the treasury, so you merely appoint an Attorney General who will look the other way in ALL cases).
You have continuously bypassed the normal “vetting” system for political appointments, by calling your selections of advisors Czars, paying them with our tax dollars. People like self-described communist Van Jones, Safe School Czar Kevin Jennings (who supports exposing children to hardcore pornography) and so many others (Over 30 Czars appointed who don’t have to go through Senate confirmation and, if called to testify before Congress, can simply claim “Executive Privilege” whenever it’s convenient). This is leadership that is “accountable?” as you promised?
Only an arrogant, egotistical elitist with a radical socialist agenda could possibly look at your first year’s performance and come up with a “B-plus.” This is NOT the “Hope and Change” people expected except for the perverted and entitlement oriented you so love to pander to.
Oprah: So B-plus–what could you have done better?
Obama: “Well, B-plus because of the things that are undone. Health care is not yet signed. If I get health care passed, we tip into A-minus.”
Mr. President, go ahead and give yourself an “A.” But it’s not for excellence. It’s for utter arrogance.
Shortly after this interview aired, Oprah announced she was giving up her long-running TV program. Coincidence? Or does she want to quit before she destroys what’s left of her credibility?
Barack Obama made history in 2009 by becoming America’s first (partially) black President. Here’s one more bit of history he may likely set: With Tuesday’s Democratic loss of Ted Kennedy’s Senate seat, Barack Obama may well become the first President to become a lame duck in his first term.
Then again, don’t get complacent, America. With 3 years to go, and as dedicated as he is to “fundamentally changing America as you and I know it,” I don’t think we’ve seen his last trick. Not by a long shot.
But the sleeping giant has awakened, and is watching intently.