Posts Tagged ‘uncertainty

19
Sep
11

a bloomberg editorial. seriously.

Bloomberg editorial: How exactly, according to Republicans, is President Barack Obama supposed to have caused the current economic malaise and high unemployment?

…. With remarkable unanimity, Republican leaders in Congress and the party’s presidential candidates have parroted a one-word explanation: “uncertainty”. While many political tropes are abused on a bipartisan basis the “uncertainty” lament is a largely Republican creation.

… there is no evidence that uncertainty has increased during the Obama presidency, or that, if it has, the president’s policies are responsible for it….

The charge of “creating uncertainty” is a way to blame Obama for the U.S.’s economic trials without having to explain the connection. In fact, if anyone in the political world is responsible for creating uncertainty, it is the Republicans. Look at last month’s debt-ceiling imbroglio, which left the world wondering whether the United States would even honor its debts – something that was never uncertain before. The decision to turn a routine vote to raise the debt ceiling into a high-stakes game of chicken was made by the Republican House leadership.

… In the campaign to be the party’s presidential nominee, candidates like Perry and Bachmann claim that Social Security is unconstitutional or that vaccines cause mental retardation. Would they really follow through on some of their wilder positions? If any of the top-tier Republican candidates is elected president – even Romney, who promises to repeal health-care reform on day one – we might all look back with longing on the calm, restful environment of the Obama administration.

Full editorial here




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