In this editorial from Investors Business Daily, the authors point out the political projection that we get on a regular basis from the Obama-Fuhrer. And this is a rule that you should apply to all leftists as a matter of course. When they accuse others of doing something, it means that they are doing it themselves.
As, for example, when they accuse the right of turning the US into a third world country. Last time I checked, the people on our side want smaller government, lower taxes, less spending and regulation and a larger and more prosperous free market. Does that sound like a path to third world status to you?
But the left must always hide who and what they are. And so we get a man-child president to has no experience or talent for leading a great nation, who must therefore find someone to blame for his own failure. This editorial lays out the facts for anyone who cares to pay attention.
• Real earnings have fallen for five straight months, and are down 1% since the end of last year.
• Consumer price inflation is growing at a 6.1% annual rate over the last three months, while producer prices are rising an even-faster 13%. According to John Williams of the Shadow Government Statistics website, if we measure consumer prices the way we did before 1992, inflation is now running at 10% a year.
• The U.S. has added $6 trillion to its debt under Obama, a sure sign of being on the road to Third World status. Three years ago, the U.S. had $7.9 trillion in debt. Today, we have $14 trillion. Bankrupt, hyperinflated Zimbabwe couldn’t do any better.
