The Obama Boom is really the Obama Depression. He may have inherited a mess, but he’s turned it into a disaster. Obama owns the economy and he can no longer blame anyone.
While I generally loathe press releases, I have to admit that one caught my eye on Monday morning. The e-mail release from the Republican National Committee simply said, “They Own It.”
As I expected, “They” referred to President Obama and Democrats, and “It” referred to the economy. Within the first six months or even a year of a new administration, it’s fair game to blame predecessors for any problems. Indeed, it’s a legitimate and time-honored tradition by presidents of both parties. But such arguments get much less convincing as the second year comes to an end. Once into the third year, such claims sound downright silly. Gradually, any president and any administration take ownership of the problems facing the country.
While Obama and Democrats can say that they inherited a terrible economy and downturn that has since only marginally improved, it’s far more complicated than that.
Barack Hussein Obama owns this economy. It’s poor state is a reflection of Obama’s failed policies.
