Posts Tagged ‘Gross Domestic Product’

Obama avoids blaim for new unemployment

October 2, 2009

According to the Bureau of Labor Statistics, unemployment has risen to 9.8%, despite Obama’s entire team “working every single day… to accomplish” lower unemployment.

In a speech today, Obama avoided taking blaim or apologizing for the continuously rising unemployment, simply claiming that he’s still working to find new options and giving a little sentiment for those unemployed. Barack Obama attributes the fact that the unemployment rate has  gotten to only 9.8 because of his Keynesian initiatives.

I’m sure that after over eight months in office, the president with all the Congressional majority he needs should have been infinitely capable of saving the economy from the 10 percent figure, which is double what unemployment was just 9 short months ago. The president  needs to be capable of admitting that he made mistakes and that blame must be assessed.

Obama’s great stimulus, originally glorified as quick and effective recovery, is turning out to not be as such. The Real Gross Domestic Product has fallen and there have been no signs of recovery. The Keynesian belief that saving is inherently a flaw in the free market is crumbling, and it is growing evermore evident that the glorified Keynesian deficit spending cannot effectively be managed by government.

Dignity, honor, and respect are generally good qualities in a president, and not admitting failure shows one’s pride, but to not even apologize for a slow recovery seems heartless. If America is to have an honorable president, he shouldn’t be afraid to say he’s sorry.

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