8/13/11

'O must GO!': the Doomsday Scenario

The world is heading into its worst crisis in decades. Europe is in a catastrophic  financial state, facing monumental bailouts of  Greece, Ireland and Portugal, with French banks  more wobbly by the day, and Spanish and Italian economies  next in line to crumble.  Crippled by its own  massive  deficit and the threat of another credit downgrade, the US can do little to help.
 The Euro seems doomed to break up, which will tilt the world back into recession. But this time it will be a much worse and longer lasting recession,  because  the Fed has already  squandered all its  stimulus ammunition and Obama won't cut taxes on small businesses  to encourage more hiring, or remove the  shadow of Obamacare that makes businesses fearful of employing new workers
By incredible ill-fortune --at this most critical of moments-- the Free World is led by President Obama, a  man who has lost  all credibility, who is paralyzed  by indecision and is unable to act forthrightly. We are facing a doomsday scenario with a remote, ineffectual academic in charge,  a passionless leader who is already  proven to wilt under pressure. Only we can save ourselves: if enough of us demand that  'O must GO!' -- often enough and loudly enough -- we will make it so. O must GO!