Friday, June 17, 2011

Obama Suffers From Economic Schizophrenia

By Howard Rich

As originally published at Investor’s Business Daily.

With deteriorating economic conditions putting a damper on his poll numbers and jeopardizing his 2012 re-election prospects, Barack Obama now portrays himself as a free-market leader for a change.



Yet while he poses for pictures with CEOs and unveils a private-sector "jobs plan," his administration remains fundamentally committed to sabotaging the American marketplace at every turn.

In North Carolina this week, Obama accepted the recommendations of his jobs council — corporate leaders who were asked to provide new economic ideas. What he got instead was a hodge-podge of recycled reforms — including an unspecified reduction in red tape, a pledge to expand financing for small businesses and another round of "energy efficiency" initiatives aimed at creating those "green jobs" he's so fond of talking about.



"What we want for growth is that it be centered in the private sector," Obama's chief economist said earlier this month. "We've got to do what we can to get the private sector leading the recovery."



Really? Obama certainly didn't want the private sector "leading the recovery" when he pushed through a massive bureaucratic bailout shortly after taking office — nor did he want it "leading the recovery" when he scored new government rules over Wall Street.

Get full story here.

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