Republicans are already on seriously thin ice, having presided over an era of unprecedented spending and consistently failing to articulate conservative principles on a wide variety of issues. But what Obama has in store will make President Bush appear, in retrospect, like a libertarian.
In the name of compassion, Obama advocates seemingly endless extensions of unemployment benefits because his economic theology holds that by paying people not to work, you will create jobs. It not only fails to factor in the obvious deterrent that extended benefits have on their recipients but also falsely assumes that transferring money from one pocket to the next generates more spending - by some mythical multiple factor, no less. Back on planet Earth, studies reveal that extending unemployment benefits results in more unemployment.
Despite his profound incompetence on many levels, Obama has been an adept propagandist who has blamed capitalism for problems caused and magnified by socialist remedies to justify further socialist solutions. He's now doing the same thing all over again as his new socialist solutions are failing.
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