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By Richard Fernandez

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January 30, 2010 - 7:46 pm - by Richard Fernandez
Joe Hill
2010-01-31 09:37:29

Anyone who doesn’t think this is the worst and longrst depression in the lifetime of anyone of working age needs to wake up and smell the coffee. This administration is also doing the very same things that Rooosevely did to ensure that we would stay in a depression until something truly cataclysmic like a world war came along.

There are several imbalances here. First the government is sucking up all available credit by running huge deficits thus depriving the economy of job creating capital, and guaranteeing that it will stay deprive for a generation. Second China by artificially propping up the dollar and keeping the Yuan low is engaging in predatory trade practices that in the long run are not sustainable. The hidden hand may not move quickly but it does move predictably. China will eventually pay the price for sure but so might we all if this imbalance sucks the world into a war as the last wordwide depression and trade war did.

I have teetered for some time trying to decide if Obama is a hard core ideologue or just an idiot. He might be both. He did get degrees from Columbia and Harvard after all. But whatever he is I am very afraid for my country that we will not survive three more years of this administration.

We need to cut spending. Cut taxes. Drill wherever there is domestic oil or gas to be found. Get control of our borders, prosecute the war on Islam vigorously and with the tools that will succeed and get back to leading the free world. We are the only ones who can do it. We are the city on the hill and the last best hope of mankind and this slobbering, self-absorbed, narcissistic, manchild who has never held a real job, met a payroll, built, farmed, manufactured, or fought for his own or anyone else freedom is a disaster not just for us but for the world.