Posted on 04/15/2011 4:26:46 PM PDT by Kaslin
Economy: President Obama says Republicans, if they get their way, will turn the U.S. into a "Third World" nation. Has he looked recently at the course he's set us on? As psychologists say, it sounds like projection to us.
One of the cheapest tricks in political rhetoric is to accuse your opponents of doing something bad that you yourself are doing. That's exactly what President Obama did when he charged that GOP efforts to restore fiscal responsibility would turn us into "a nation of potholes, and our airports would be worse than places ... that we used to call the Third World."
Never mind that most of what he's talking about — like "potholes" and airports — have always been local priorities. And Obama is U.S. president, not U.S. mayor.
But what stuck in our craw was that "Third World" crack. Excuse us, isn't that the way we've been heading under Obama? Consider for a moment these trends:
• Real earnings have fallen for five straight months, and are down 1% since the end of last year.
• Consumer price inflation is growing at a 6.1% annual rate over the last three months, while producer prices are rising an even-faster 13%. According to John Williams of the Shadow Government Statistics website, if we measure consumer prices the way we did before 1992, inflation is now running at 10% a year.
• The U.S. has added $6 trillion to its debt under Obama, a sure sign of being on the road to Third World status. Three years ago, the U.S. had $7.9 trillion in debt. Today, we have $14 trillion. Bankrupt, hyperinflated Zimbabwe couldn't do any better.
(Excerpt) Read more at investors.com ...
Obama says he doesn’t have horns. wink wink
Yeah, it’s always the more fundamental government “services” that get suggested first, isn’t it? Never mind the welfare, the Sec. 8 housing, the food stamps, the “art” the “public radio/TV” . . . those are too “vital” to cut. Let’s do the military/law enforcement, roads, airports, etc. Cut those first and leave the Democratic voter leeches alone.
” President Obama says Republicans, if they get their way, will turn the U.S. into a “Third World” nation. “
Actually, that’s a back-handed compliment — If O’s handlers and puppetmasters have their way, “Third-World-Hellhole” status will be a number of steps *up*......
I keep forgetting that IBD is one of the nation’s very best newspapers. One of the few worth reading today.
After that republican bleats sound more like 'yeah? well so's your old man' and people roll their eyes in response.
It works only because republicans are so reticent about pointing out the obvious cause & effect of democrat policies for fear of press criticism.
It has always been his goal and a “Dream of his Father”.
Barack Hussein Obama, MMMM,MMMM,MMMM.
(AKA Steve Dunham or Barry Soetoro)
Both the OP(formerly the GOP) and RAT wings of the Socialist Republicrat machine have been incrementally turning the U.S. into a third world country over many decades.
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Hope and Change.... Tragic.
This is one of Trump’s lines, i.e. bridges falling apart, airports like a 3rd world country. You know he got this meme from Trump.
Second world - originally Russia and Communist states - maybe still Eastern Europe now
Third world - still Africa, much of the Middle East and Central America
What nations constitute the fourth world?
The Hindenburg...totally correct analogy. Love it, Phil! You always seem to find the right graphic to post!
Kaslin...I love the IBD Eds. They are right on with this one, as always.
Thank you for posting it!
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