How is Obama doing? I remain a big fan of how Obama has approached international diplomacy, basically speaking softly without putting down the carrots and big stick that America probably needs to wield to avoid international meltdowns. (We could do this carrot and stick work much more cheaply using more carrots and less sticks with new school technology, media, marketing and innovation, but that’s another post).
In fact it is hard to imagine what Obama critics would be saying if Obama had actually failed at something (aside from massive spending, a very legit concern. But spending cuts require BOTH entitlement and military cuts first, and that’s not going to happen because neither right or left will accept smart spending. That Government that spends best, spends least. There are few if any exceptions, and all the founders are rolling in graves right now as they note how bureacratic insanity has inflated budgets to unsustainable levels. Yet the Tea Partiers fret over the trivial spending on stupid things and ignore the massive waste, fraud, and abuses within our 550 billion annual defense budget – clearly the obvious target for massive reforms since it does NOT sustain infrastructure, it only (theoretically) protects it.
The Obama Record: Obviously too early to say but the results so far are remarkable:
* Economy stabilizing after potential catastrophe.
* Most banks to repay all bailout money (a story that should be headlines, but does not suit the naive agendas of tea partiers, left wing, or even mainstream folks. Geitner’s plan is not completed, but appears to have been masterful.
* No major terror attacks in US or even internationally.
* Iraq improving.
* Afghanistan unclear, but early signs of improvement.
Aside from the very important and reasonable criticism that we may have simply bought our way out of all this with massive spending, what’s the beef of the critics? They predicted economic collapse and international terror at unprecedented levels. We’ve had neither. Obama’s doing fine.
We should have worked harder to balance current federal and state budgets with massive military and entitlement cuts, but the Tea Party raving fringe combines with the Democratic spendthrifts and won’t allow that obvious solution.
Without massive military spending cuts, we have a completely unsustainable spending pattern. Until the fools that pretend to be conservative recognize this totally obvious fact, the US remains economically challenged.
P.S. Sorry kids, my generation is spending your money. A lot of it you’ll have to repay with huge future taxes and/or massive inflation. And you don’t even know it. Cya.