That Obama is Already Retreating to Foreign Policy is Depressing

With nearly 40 million people on food stamps (a 50% increase from 2007) and 10 million in unemployment insurance programs (4 times the 2007 number) (USA Today), it’s really depressing to see President Obama focus on the Middle East, like a late second-term president. This is only year two and the state of the nation is in the toilet. NYT’s Very Important news analysis on trying to buck odds, or just seem to look active despite the paralysis of his national agenda.

I hold the view that when the Fed is zero bound (can’t do any more with interest rates if they’re at zero), it’s the only time government stimulus actually works, so he should get on that – like 6 months ago. Watching the Obama presidency has been like being present to a slow motion car crash, where you see a car driving purposefully around the corner and suddenly the car’s airborne and flaming, flipping wildly on to a crosswalk of oblivious school children.

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6 Responses to That Obama is Already Retreating to Foreign Policy is Depressing

  1. C to the Dizzle says:

    Since when has dealing with foreign policy become a retreat from domestic issues? That’s one of the most ridiculous premises I’ve ever heard.Does a certain threshold exist that limits the executive’s reach to within the waterline? Maybe the current talks will amount to nothing, and w/out including Hamas as some sort of stakeholder I think they are more a mirage than anything else, but that hardly means the administration has thrown it’s collective hands up regarding the economy. I’m sure Rand Paul might agree with your stance though, he’s all about good ideas like stopping big government’s role in meddling with foreign affairs…so you’ve got that going for you.

    • dcskeptic says:

      As Obama hasn’t promoted any economic legislation in 4 months, I’d say they’ve thrown their collective hands up.

      • C to the Dizzle says:

        This was on Monday

        (Reuters) – President Barack Obama, under pressure to bolster the U.S. economy, said on Monday he and his economic advisers are discussing additional steps to generate job growth such as more tax cuts for businesses.

        Obama, just back from a 10-day vacation, appeared in the White House Rose Garden to show his concern about the economy, which some experts believe is in danger of slipping into a double-dip recession.

        “My economic team is hard at work in identifying additional measures that could make a difference in both promoting growth and hiring in the short term and increasing our economy’s competitiveness in the long term,” Obama said.

        His comments amounted to an acknowledgment that, while the economy has made some improvements, the lingering impact of the worst recession since the Great Depression is proving particularly difficult to overcome.

        White House spokesman Robert Gibbs said Obama will in the coming days and weeks outline “targeted initiatives” to help spur the recovery and hopes Congress will approve them before stopping work to focus on November 2 elections.

        Pressed on whether Obama should take a bolder approach to stimulating growth, Gibbs said that “there’s only so much that can be done, not having to do with politics.”

        Obama cited possible steps such as extending tax cuts for the middle class that are set to expire this year, increasing government support for clean energy development, and rebuilding more U.S. infrastructure.

        He also said he was considering “further tax cuts to encourage businesses to put their capital to work creating jobs here in the United States.”

      • dcskeptic says:

        This article just says they’re thinking about things. You can write that about any topic in the White House. He hasn’t promoted anything like a plan.

      • dcskeptic says:

        And they clearly don’t have a vision or plan, they cited every option but the kitchen sink. It hints at a lack of strategic planning. Gibbs basically said they wouldn’t put a lot of resources to it either. Awesome.

      • dcskeptic says:

        And I never argued that foreign policy is not a function of the presidency, but that he has pivoted from congressional intransigence to an area where he has more control. But this phenomenon, and the reason for it, is more commonly seen in second term presidents than first term presidents.

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