In April, Treasury Secretary Tim Geithner assured us that there is “no risk” of the U.S. losing its top credit rating – it was just political rhetoric and all we had to do was raise the debt ceiling. This is the “leadership” we are getting from the present administration. Geithner failed miserably and he must go – now. So, too, with Obama.
The “change” this administration has brought about has been devastating: We have lost respect around the world; many of our staunchest allies have been insulted or ignored; unemployment has topped 9%; spending and debt is through the roof; partisan bickering (along with racism and class warfare) has increased; medical insurance coverage is in turmoil; and weak diplomacy has allowed Iran to reach the brink of having nuclear weapons.
Now, for the first time in history, the U.S. has had its credit rating lowered because of the incredible debt which has increased astonishingly on Obama’s watch and his reluctance to rein in spending. The only economical solution he offers is to raise taxes. He is in way over his head and the entire country is sinking and treading water with him.
Still, Obama wishes to get re-elected and many in the media continue to carry his water. The NY Times, one of Obama’s most fervent backers, is downplaying the credit downgrade by telling us it carries “few clear financial implications”. In a case of the pot calling the kettle black, Paul Krugman tells us the fault lies with “the madness of the right” and then he says the rating agencies are ignorant anyway and the downgrade means little. The Tea Party, of course, is getting blamed as if it is in charge of the Senate, the House, and the White House.
Meanwhile, the fact remains that Obama is the president and the country is falling apart on his watch. The fact remains that he has not made good on many promises he made during his campaign and has shown the lack of leadership that his inexperience predicted. Nothing is getting better and much is getting worse, therefore, re-election makes no sense. Then, again, it made no sense to elect him in the first place, which validates the old adage that the people deserve the leaders they elect. The American people deserve better.
David J. Hentosh