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Dreams and impatience have always driven men in power to draw on the resources of others—be it slaves, the inhabitants of occupied lands, or their own children yet to be born—in order to carry out their schemes, to consolidate power, to grow their own fortunes.
-Jacques AttaliObama's Ideologies Obstruct Good GovernanceThe economy is flying without instruments because of the White House's policy choices.
President Obama authorized the $800 billion stimulus and then proceeded to initiate his ideological goals of government-proscribed health care and financial regulation.
Predictably, and tragically, the stimulus failed. Worse, health care and other financial reforms are so far-reaching and obtuse that America’s men and women who producing goods and services are terrified to invest and expand their businesses. [See: The Uncertainty Trap] As a result, there is $3 billion held by businesses. [See: Business knows more than Obama] Therefore, unemployment is high and America’s debt continues to soar.
In the Wall Street Journal, Daniel Henninger describes the chaos caused by 4000 pages of health care and financial legislation:
Hundreds of thousands of economic actors across the country now wait while the bureaucracies struggle to interpret 4,000 pages of "smart" legislating.
Additionally, Obama’s ideology prolongs and exacerbates the housing crisis. The administration is coercing banks and mortgage services to adopt: a complex regulatory scheme whose goal, literally, is to fix their "business model."
President Obama, with the complicit assistance of Nancy Pelosi and Harry Reid, has imposed his ideology on the American people. Relentlessly, President Obama covets to consolidate and expand his ideological crusade. Presently, the American debt crisis and contacting economy has disrupted the President’s quest. However, his intent is clear.
Realistically, only the vote of the American people will stop this ideological calamity. Needless-to-say, the election of 2012 is very important.