Because we don’t have access to the President’s academic records, from high school on through college and graduate school, we don’t know if he ever took a course in economics of finance. Those of us who did study those disciplines (I have) know that there will always be cycles in the capitalist economic system. All recessions end, if you don’t do things that prolong them, like raise taxes and enact protectionist measures. Moreover, as I’ve observed since I was a teenager just in the Army back in ’73 (that recession lasted until late 1975) all recessions seem bleakest right at or near the bottom. That’s when most of the layoffs occur. Anyone who has learned from history knows this, but Obama has not learned from history.
Good leadership does not lay on the doom and gloom, but will point people forward towards the day when we will experience economic growth again. Obama is a poor leader. And we are going to see this is innumerable ways as we go forward, as pertaining to things like foreign and defense policy as well. He’s just a puppet who’s way in over his head.
