With the economy performing poorly, unemployment up to 9.4 percent, and the federal budget deficit ballooning, look for politicians of both parties to focus on the blame game. This article asks whether it is time to saddle President Obama and the current administration with responsibility for these conditions.
I think it is unfair to contend that President Obama is solely to blame for our current predicament; rather, there is plenty of blame to be spread among irresponsible politicians of both parties. I also think, however, that if the recovery is stalled or weakened because our economy is burdened with enormous federal debt and/or inflation, it is not unfair to hold the Obama Administration accountable. The President got what he asked for from Congress, and so far it hasn’t delivered the “stimulus” that was promised and forecast. Instead, the only apparent effect to date has been a huge amount of federal borrowing that has not had any immediate positive impact, but threatens to have negative long-term consequences.