Tuesday, August 09, 2011

Obama's Legacy

I just finished watching a video replay of Obama's speech today about the downgrade of our rating from AAA to AA+, the first time in history since the ratings started in 1919. I can't believe how weak he is. First, it was two and a half days after the fact before he came out with a statement. Then, his statement was totally off mark and ineffective. It was just platitudes, no ideas for solving the debt problem. It IS a debt and spending problem, not a revenue (taxes) problem. He has had every opportunity to have a great legacy as the first black president that brought prosperity to the nation. Instead, he will go down in the annals of history, not as the first black president (that will be a footnote), but as the first president to preside over the demise of the United States bond rating due to his spend and tax and spend and tax policies. He will reside side-by-side with Hoover and Carter as one of the worst, if not the worst, president in our history.

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