Economy, Regs, & Taxes

Obama Blames U.S. Economic Trouble on Someone Else

Curses on those ... German exports?

Nov. 13, 2013

The Reagan administration waged the War on Drugs; the second Bush administration waged the War on Terror. Barack Obama will go down as the president who waged the War on Success. A key weapon in this war has been diverting responsibility to others. It was no shock when during the 2008 campaign Obama blamed George W. Bush for the economic meltdown. It soon became apparent that affixing blame elsewhere would become a way of life for Obama.

He blames everyone, from the “the millionaires and billionaires” to Fox News. More recently, “bad apple” insurance companies are to blame for the nightmare that is ObamaCare. Basically, the Obama administration has been responsible for nothing – except, of course, the take-down of Osama bin Laden. The president most recently continued this pattern by blaming U.S. economic problems on … Germany. A semi-annual report by the Treasury Department accused Germany of “cooking the books” in terms of its exports and thus hindering the global recovery. The Germans are already upset with the U.S. over the NSA spying; now Obama blames them for his economic mess.

Germany does make an excellent scapegoat for Obama with its enviable (by comparison) 6.9% unemployment rate and its increase in consumer spending. It’s faring much better than other countries in the EU, something the German authorities were quick to point out in their reaction to the report. It seems Obama is not just against American exceptionalism but exceptionalism, period.

In the meantime, the U.S. economy expanded at a 2.8% annual rate from July to September, much better than anticipated by economic experts. So much for the Democrats’ claims that the government shutdown would hurt the economy – in fact, maybe the government should shut down more often.

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