"A Terrible President"
So says Carl Icahn, a billionaire investor best known for shaking up public companies, of Barack Hussein Obama - though the same would apply to Hillary Rodham Clinton:
Icahn thinks a President Obama would increase spending dramatically, something he says “the country can't afford right now.”
An Obama spending spree and the resulting tax hikes to pay for it would kill the dollar and result in higher interest rates, Icahn warned. “I don't think Obama really understands economics,'' Icahn said.
Obama also would take office with a Democratic majority in the Congress, clearing the way for unchecked spending, Icahn said.
“It would be devastating,'' Icahn said. “Then you couldn't stop runaway legislation.''
All too true. But it's been a decade and a half since Americans inflicted unchecked socialist rule upon themselves, and attention spans - to say nothing of memory spans - aren't what they used to be.
The difference is that sixteen years ago we were between global wars. Now, the current conflict with Islamic Fundamentalism - and the ultimate survival of the free world as we have known it - hang in the balance.
And, yes, the economy as well.
'Tis a pity that so many Americans are economically illiterate. Otherwise the lesson that is the desperate stupidity of electing Democrats might not always have to be re-learned the hard way.
Something tells me, though, that this time the lesson will take a lot longer than just a single biennium.
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