The anti-Obama media has this week run several stories condemning the leadership ability of B. H. Obama and lamenting the terrible condition in which our nation finds itself. The vast majority of these depressing reports centered on the American economy or, better put, the shortfalls of the American economy.
One of these reports was headlined "1793-2011, US Dollar RIP" and pointed out that America was $14 Trillion in debt and that under just the past two (2) years of Obama leadership some $3.4 Trillion had been added to this national debt obligation. Mention was made that nations including Communist China, Russia, India and Brazil have entered into economic agreements designating payment in species other than the US Dollar. Another story pointed out that inflation was hitting many nations. In an article captioned "Surging Food Prices Fueling Global Inflation" many countries, including America, were designated as beginning to feel the negative impact of the leap in the retail cost of food.
One of the impacts of the current economic troubles in which America is suffering was expressed in the article headline "More Cities Will Go Bk". It was pointed out that for almost all American cities tax revenues were down; that expenses were up or at best the same; and that the day of being able to raise money via municipal bonds was gone or no longer economically feasible. Attention was drawn to Harrisburg, Pennsylvania and to Detroit as just two cities which could well be facing default, and therefore a possible bankruptcy, on the payment of their bond obligations. Warren Buffet was quoted as expressing that there has been and continues to be an overall reduction by public traded companies in their holdings of municipal bonds.
Some time ago a religious historian, Andre Ravier, SJ, expressed some thoughts on "authority" and those words continue to be absolutely true and are clearly not adhered to by our current President. Ravier expressed, "Authority has strict and rigorous obligations: the obligation fully to divulge; the obligation to consult and discuss not only with the usual advisers but with every person competent in the matter to be decided; the obligation to confer in depth; the obligation to give the widest possible place, as if to an important sign from God, to the opinion of the majority...".
The economy is bad. Obama has done little to help it and lots to increase the American debt. There is no question that the President has manipulated data pertaining to the economy, just consider the most recent unemployment figures, and has massively increased the existing debt of our nation. BHO does not fully divulge; only consults with those who follow his socialist/liberal/progressive views; and ignores the well and often expressed opinions of the majority of the citizens of America.
The unfortunate results of two years of Obama White House leadership has well and correctly caused the above cited article headlines, and many more like them, to appear.
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