What has continued to fail us now is that Obama's own policies, the
exact opposite of Reaganomics in every detail, have failed to produce
any timely real recovery from the last recession. Before this last
recession, since the Great Depression recessions in America have
lasted an average of 10 months, with the longest previously at 16
months. But here we are today 48 months after the last recession
started and there is still no real recovery. Instead, we have record
poverty, and record extended unemployment.
They can't say that is because the recession was so bad, because the
historical record in America is that the deeper the recession the
stronger the recovery. Based on the historical record, we should be
ending the second year of a booming economy right now. The failure to
achieve that is the responsibility of Barack Obama.
..............
Before Barack Obama as President, the rest of the world looked to
America as the example for the economic model that works to achieve
prosperity. But today Obama tells America "It doesn't work. It's never
worked. It didn't work when it was tried in the decade before the
Great Depression. It's not what led to the incredible postwar boom of
the 50s and 60s. And it didn't work when we tried it during the last
decade."
But it's President Obama, who fundamentally doesn't understand his own
country, that doesn't work.
http://spectator.org/archives/2011/1...t-wizard-of-oz