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The author of this piece is not a reporter but an economics professor and Doctor of International and Financial Economics for Northwest Nazarene University (I think a conservative school) in Nampa, Idaho.
Our Kenyan President borrowed a trillion bucks and pissed it away.
We are now a world wide joke, bankrupt and being led by a Kenyan born citizen.
Anyone can see what Obama is doing -- Wall St banks, GM, BP, Healthcare, he's creating rampant uncertainty across all major industries. No businessman in their right mind wants to invest if they can't take a reasonable stab at Risk Management. Everyone is sitting tight until we get some stablity, but Obama keeps changing the rules.
Obama is loving this, IMO.
We’ve been “building” an economy purely on debt for the best part of 30 years. Both Republicans and Democrats have cheerfully joined in the charade.
It's going to take many years to fix things - if they are at all fixable given that the US is rapidly losing its place in the world economy.
If Americans fully expect a return to the happy-go-lucky days where everyone had a 4 bedroom house in the burbs with a golden retriever in the yard, 2 cars in the garage and a boat alongside, and Social Security and Medicare for grandma and grandpa, then I’m afraid they’re in for some s-e-r-i-o-u-s disappointment.
I'll fully support the first political party that promises, as Churchill did, "blood, toil, tears and sweat", but I'm not holding my breath waiting.