July 25, 2011
A Question For Our 'Investor-in-Chief'Topics: Political News and commentaries
Given that Barack Obama consistently refers to 'taxes' as 'investments' ... one could easily assume that he fancies himself as some kind of "investment" adviser for America's tax payers.
Peter Kirsanow puts this into perspective in his Today's Questions for the president:
Throughout the debt-ceiling debate, you've repeatedly referred to federal spending as "investments." Since the beginning of your administration, your "investment" spree has added more than $4 trillion to the national debt. At the same time, GDP growth is at an anemic 1.8 percent, the nation's credit rating is in jeopardy, the deficit is at $1.7 trillion, the nation's energy and transportation infrastructures continue to deteriorate, the housing market remains in the tank, unemployment is at 9.2 percent, and federal entitlements are imploding.Looking at the issue in another way, given Barack Obama's miserable track record, would you want this man managing your personal "investment" portfolio ... and if not, what reason would you have for electing him to direct the spending of our nation's revenues for four additional years in 2012?
Do you maintain that this is an adequate rate of return on your "investments?" Would you retain a personal portfolio manager with a similar "investment" record?
Posted by Richard at July 25, 2011 2:00 PM
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