Archive for the ‘Lack of Understanding’ Category

A Lot Of Talk, Nothing To Show

 Obama’s State of the Union Address January 25, 2012:

“During the Great Depression, America built the Hoover Dam and the Golden Gate Bridge. After World War II, we connected our States with a system of highways. Democratic and Republican administrations invested in great projects that benefited everybody, from the workers who built them to the businesses that still use them today.”

– Has Obama ever proposed a comparable project?

“Let’s remember how we got here. Long before the recession, jobs and manufacturing began leaving our shores….we should support everyone who’s willing to work; and every risk-taker and entrepreneur who aspires to become the next Steve Jobs.”

– Is Obama not aware that Steve Jobs’ Apple Computer does it manufacturing in China?

This it solid proof that this man is totally out of touch with reality.

Popularity: 9% [?]

Obama’s lack of understanding is beginning to stand out on the world stage. And Timonthy Geithner, the US Secretary of Treasury, is showing his lack of understanding and his lack of independence from the Oval Office.

In a recent decision, the federal reserve has decided to buy $75 billion worth of bonds through mid-2011.

No Understanding of World Economics

Obama’s lack of understanding world economics has made itself obvious in a statement made in Seoul, Korea at the G-20 meeting.

From everything I can see, this decision was not one designed to have an impact on the currency, on the dollar…It was designed to grow the economy.

A basic economics course in international economics at nearly any college or university in the US will teach you that a decision, such as the one to increase the money supply by $75 billion, will make a major impact across the world economy.

Click here to read the Wall Street Journal Article.

Popularity: 12% [?]