President Obama by his own description in a speech he made in 2006 is a failed leader. In 2006 he criticized the raising of the debt ceiling, which has been raised over and over again during his watch. He asked to have the debt ceiling raised by another $1.2 Trillion last week. The figures are truly mind boggling. America’s debt is now equal to that of the GDP.
This debt is similar to that of European countries like Greece, Italy, Spain and France. All of those countries had their credit ratings lowered. The difference is that investors seek refuge in U.S. bonds when things look bleak in other currencies. So Obama’s adage that it is a sign of leadership failure was true in 2006 as it is in 2012. Unfortunately the President knows this but has done nothing to fix the problem. Instead the President has invoked class warfare to deflect responsibility and blame the previous Administration for his own failure.
Despite this reality, DND Chairman Debbie Wassermann-Schulz and other leading Democrats keep pounding away that the President’s policies have been working. They keep touting the 3 Million jobs created by Obama, yet fail to mention that now more Americans are unemployed than when Obama’s term began. The debt has increased and again no mention of that. Obama needs to look in the mirror, when it comes to failed leadership. Instead of being the “Great Uniter”, the “Campaigner in Chief” has earned the title of the “Great Divider”.
Below are Obama’s own words in 2006. Since the buck stops with the President, who has been uncompromising and wages a campaign of “We can’t
wait”, he must also admit that he is a failed leader.
“ The fact that we are here today to debate raising America ‘s debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Increasing America ‘s debt weakens us domestically and internati…onally. Leadership means that, “the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”
~ Senator Barack H. Obama, March 2006