Throughout the Presidential Campaign of Barack Obama, we heard so much about "hope" and "change." We heard about how "change was a comin'" and by electing Obama as President the United States the nation would be well on its way to being a nation of hope for every citizen. Oh how quickly the rhetoric can change.
As soon as the election was won, Obama's talk, specifically about the economy, has turned to words such as "fear, catastrophe, disaster, etc." What has happened to all the talk of hope, that so many (not me) bought into?
There was an interesting article in the Wall Street Journal by Bradley Schiller that talks about Obama's fearmongering rhetoric.
"Mr. Obama's analogies to the Great Depression are not only historically inaccurate, they're also dangerous. Repeated warnings from the White House about a coming economic apocalypse aren't likely to raise consumer and investor expectations for the future. In fact, they have contributed to the continuing decline in consumer confidence that is restraining a spending pickup. Beyond that, fearmongering can trigger a political stampede to embrace a "recovery" package that delivers a lot less than it promises. A more cool-headed assessment of the economy's woes might produce better policies."
Click here to read the full column.
No comments:
Post a Comment