Friday, August 19, 2011

The Left Turns on Obama -- Better to Blame the Cook Than the Recipe

The recent fight over the debt ceiling increase obscures the fact that in 2009-2010, the Left had near total control of the federal government.

The Left did not waste its position -- TARP handouts to favored firms, cramdown of GM/Chrysler bondholders, $1 trillion stimulus, federal spending up 25%, ObamaCare, Dodd Frank, ban on offshore exploration in the Gulf, extended unemployment benefits, thousands of new rules and regulations.

The economy stopped contracting, but we never experienced the strong growth and increased employment typical of a recovery. We now see ourselves sliding back into recession.

We also see the Left turning on Obama for not delivering. But the fact is, he has delivered, spectacularly so. The Left's real problem is that its policies do not work. Wherever tried -- New Deal, Soviet Union, Maoist China, Latin America, India, Western Europe -- they have failed.

That is why the Left is turning with such bitterness on its hero. If it's not his fault in executing the Left's cherished policies, the problems must lie with the policies themselves.

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