Now We Know the Problem – It’s Us!

Just yesterday President Obama finally gave us his scholarly analysis of the cause of our economic problems. I was eagerly waiting for this, since many economists have had conflicting views. In a radio interview in Orlando, Florida he said, “Well, we just got soft and complacent over the last two decades, and it just caught up with us”. Wow, is that deep! So we are the problem, we just got lazy and soft in the last 20 years. Boy, I’m glad it’s not him and his policies that kept this recession going.

I wonder where he’s been living for the last 20 years. Africa? Indonesia? South Chicago? What happened during those great Clinton years when we actually had a budget surplus? Those first seven years of the Bush administration, as the market boomed and corporate profits and growth was something never seen before in the free world. I guess we got soft, started giving loans to poor people just to bring them up to the status of rich people, and started thinking we could actually eradicate poverty.

We’re just too lazy to implement his economic plans, let’s get out there and get a job, “take off your bedroom slippers”, and get out there. Why should I, Mr. President? You keep giving me unemployment money and more food-stamps. And thanks for controlling those energy markets, so we can use those subsidized sources of energy, rather than that dirty oil and gas. Maybe you can manipulate the markets, so that the price of oil and gas increases and then I can change to solar, and windmills. But what’s going to happen when we can’t afford those subsidies? Like that Solandra company that was making solar panels for $6.00/ft and selling them for $3.00/ft in order to compete in the world market. I guess they were going to make it up on volume, except that the loan money you gave them ran out.

Anyway, I am glad Mr. President that you can do no wrong and the problem is us. The lazy American worker, who just built the greatest economy the world has even seen, and all of a sudden got soft, just before you got elected. What a coincidence, just your luck. I for one, hopes that your luck runs out in November, 2012.