When stock prices were plunging earlier this month, President Obama strode to the teleprompter and utterly failed to calm the markets or the American people. Sadly, they saw what I saw - and have come to exactly the same conclusion: Mr. Obama does not know what to do. He never did.
Since taking office in admittedly tough economic conditions, the president has taken America 180 degrees in the wrong direction. His failed $825-billion stimulus, Obamacare, Dodd-Frank and the explosion of his administration's other job-killing regulations have combined to put a stranglehold on our economy. Until these policies are reversed, the lack of confidence that dampens consumption, business investment and job creation will be the order of the day. Unfortunately, Mr. Obama is blinded by ideology and refuses to acknowledge the harm his agenda has wreaked on America and our economic future.
Fortunately, some in Congress understand the harm his agenda is causing and are working hard to reverse course.
As a thought experiment, imagine how much uncertainty would be removed and the level of confidence that would return if the entire Obama agenda were repealed tomorrow. A pretty pleasant thought, isn't it?
Thursday, September 1, 2011
He doesn't know what to do
Sen. Ron Johnson (R-Wis):
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