Obama "A Leader No More"

[WhiskeyGirl]

Recovery: President Obama told world leaders at the United Nations on Thursday that the global economy has "pulled back from the brink of a depression," hinting it was the U.S.' doing. He's got it exactly backward.

Apparently thinking it would be an applause line, Obama told the assembled dignitaries that "America has joined with nations around the world to spur growth and renewed demand that could restart job creation." No we haven't.

Quite the contrary, we've done just about everything in the book to snuff out a nascent recovery here in the U.S., thereby hurting countries in Europe, Asia and Latin America that depend on the American economy for their economic growth.

At this point of our recovery — we're in the 15th month after the June 2009 bottom, according to the National Bureau of Economic Research — we should be enjoying strong economic growth and monthly job gains in the hundreds of thousands. The unemployment rate should be falling sharply.

None of these things has happened. We have fewer jobs today than we did a year ago. And since Obama took office, we've lost about 4 million of them. Unemployment stands at 9.6% — higher than it was in June 2009, when the "recovery" began.

This is what $700 billion in bailouts, $862 billion in "stimulus," $1.4 trillion in new money printed by the Fed and $2.9 trillion in federal deficits in just two years get you. Nothing.

The stimulus efforts have pushed our federal deficit — the best measure of total stimulus efforts — to 10.3% of GDP this year. That's more than any major country among the G-20 richest nations.

We seem to be going in reverse. Jobs are disappearing and GDP growth has slid from 5% in last year's fourth quarter to 3.7% in this year's first and just 2.6% in the second. The president seems to think the only way an economy can grow is by having the government spend more money. In fact, he's sending us down the road to financial ruin. And in relation to other countries, the U.S. is lagging.

Consider the European Union. Last June, at the G-20 summit meeting in Toronto, European nations rejected a plea from Obama and Treasury Secretary Tim Geithner to increase spending to "stimulate" their economies. Instead, they opted to cut spending.

Has it worked? The countries that have had the greatest problems controlling their deficits and debts — Spain, Greece, Italy, Ireland — are still struggling economically. But look at Germany, the European locomotive. The budget actions it took were the most austere of all, and in the latest quarter it grew at an annual rate of nearly 9%.

Sorry, Mr. President, but this time the U.S. isn't the country leading the world out of recession.

It's the one holding it back.

read more here - http://www.investors.com/NewsAndAnalysis/Article/548288/201009231851/A-Leader-No-More-.aspx

It's almost like Obama wants the US to fail.  It's almost like Obama is anti-American.