An NYT op-ed calls it Obama’s “Katrina moment.” Not a good sign at all.
As much as author Frank Rich gives readers a good run-down of the events leading to the current circus (with clowns Tim Geithner, Jay Leno, Edward Liddy, Chris Dodd, and President Obama himself), he ultimately shows his liberal side:
As the nation’s anger rose last week, the president took responsibility for what’s happening on his watch — more than he needed to, given the disaster he inherited. But in the credit mess, action must match words. To fall short would be to deliver us into the catastrophic hands of a Republican opposition whose only known economic program is to reject job-creating stimulus spending and root for Obama and, by extension, the country to fail. With all due deference to Ponzi schemers from Madoff to A.I.G., this would be the biggest outrage of them all.
Yes, beware of the evil Republicans and their rejection of massive government spending to create jobs! Of course, the truth is we don’t need more government jobs. We need jobs in the private sector, and President Obama and his Democrats’ spending binge does not help businesses create jobs.
More so, conservatives and Republicans are not rooting for Obama’s failure! We all want a strong and free America. What we want to see fail are Obama’s over-the-top spending bills! History has shown that we simply cannot spend our way out of this recession. Congressional Republicans have made their stand against these spending bills, but they are still passed because of the Democrats’ majority.
