It is sad day when the President must distort history to become re-elected.
Now, just as there was in Teddy Roosevelt’s time, there is a certain crowd in Washington who, for the last few decades, have said, let’s respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us. If we just cut more regulations and cut more taxes — especially for the wealthy — our economy will grow stronger. Sure, they say, there will be winners and losers. But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesn’t trickle down, well, that’s the price of liberty.
Now, it’s a simple theory. And we have to admit, it’s one that speaks to our rugged individualism and our healthy skepticism of too much government. That’s in America’s DNA. And that theory fits well on a bumper sticker. (Laughter.) But here’s the problem: It doesn’t work. It has never worked. (Applause.) It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible postwar booms of the ‘50s and ‘60s. And it didn’t work when we tried it during the last decade. (Applause.) I mean, understand, it’s not as if we haven’t tried this theory.
To say that our economic problems of the past have come about, especially during the Great Depression, because of a national desire to leave the market alone. Obama says that deregulation and cutting taxes led to our problems now and the Great Depression before that, when the exact opposite thing happened. As I have stated here before, there were worse depressions than the Great Depression, namely the 1920=21 depression. Why was the Great Depression worse? Because a Republican, like Bush and Hoover, chose to intervene and try to help. Then along comes a Democrat who makes things far worse, like Obama and Roosevelt. These are the facts.
Obama has made things worse, a lot worse. The economy works the best when the government stays out of the way. Sure some regulation is needed to keep things on an even keel. But that is not what Obama is doing. Anytime a politician talks about ‘fairness’ and how the rich need to pay their fair share–this is tantamount to communism. Democrats will not want to hear this, but their hero Theodore Roosevelt was as close to a communist the United States has ever had until Barack Obama come along. This is judged entirely from his policies.
Then the President says that lowering taxes and reducing regulation has never worked. Wow, really!? It has worked EVERY time. Did they forget the economic prosperity the US went through after taxes were lowered by Kennedy, Reagan, and Bush. All had great recovery after taxes were lowered to a reasonable level. But when you are willing to do anything to win, then the truth does not matter–winning does.
Now here the President comes along giving us a very distorted version of how we got into the Great Depression. I could be cynical enough to believe that he is doing this deliberately. That is until I talk to some of my more liberal friends. It seems they all suffer from the same disease–they all believe the government got us out of the Great Depression and the government will get us out the the funk we are in now. We may eventually get out, but it will not be because of Barack Obama, it will be because the economy always recovers eventually. The recovery will be anemic, but……at least the Democrats can say they brought us out the this recession if Obama is re-elected. They still take credit for getting us out of the Great Depression, which they did not.
I have one message for the Democrats, learn your history, the real history of the United States.