American Thinker ^ | june 11,2012 | Jeffrey Folks
On January 1, 2013, America careens off a fiscal cliff. The largest tax increase in the country's history goes into effect. Spending on defense, Medicare, and other vital areas will be cut indiscriminately. And, according to the Congressional Budget Office, the fiscal cliff may well push the economy back into recession.
At his June 8 news conference, Obama informed the country that "private sector is doing fine." He also noted that "the private sector has been doing a good job creating jobs." That's news to the 27,000 workers who may lose their jobs at Hewlett-Packard, and to the 25 million who are unemployed, underemployed, or so discouraged they've quit looking for work. If American businesses are doing "just fine," you'd think there would be jobs for everyone.
Obama is rapidly becoming the "would have, should have, could have" president. He has an excuse for everything, including an 8.2% unemployment rate and the weakest post-recession GDP growth in memory.
I'm sure he will have an excuse when taxes on small businesses go up 24.3%, as they are scheduled to do on January 1. He'll have an excuse when unemployment goes back above 10%. And he'll make excuses when seniors can't get treatment because physicians won't accept the reduced payments that Medicare will be forced to make. A real leader would grasp the enormousness of the situation and deal with it instead of whining that things "would have been better" if Greeks hadn't been deadbeats.
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