In early August of 2014 Obama made a full-throated argument for his economic legacy that came without the hedges and caveats he has used in past years. "Let's look at the facts," Obama said. "Since I have come into office, there's almost no economic metric by which you couldn't say that the U.S. economy is better and that corporate bottom lines are better. None."
Today we are talking about going back to war in the Middle East. This is after Biden said Obama’s pulling out of Iraq would prove to be a victory for the regime. We see strong disagreement even within the regime. They cannot seem to decide just who the enemy really is. They cannot seem to decide if this will be a war or a large counter-terrorist endeavor. They cannot seem to decide what victory means, do we arm people in Syria, what are soldiers in combat really called and are they needed, and do we bring our enemies into a coalition since our friends do not trust and will not work with us. Meanwhile the enemy, an Islamic Jihadist State, continues to recruit more fighters and grow stronger militarily and financially while our military continues to be systematically dismantled by the Marxist/Progressives. All the lies and deceit are coming home to roost to paraphrase the Rev Wright, Obama’s mentor and friend as Obama referred to him. This potentially catastrophic situation is happening because Obama has the same beliefs and follows the same philosophy as does Marx, Ward Churchill, and Bill Ayers. Their philosophy is that the United States is the Evil Empire.
Economically Obama and the Federal Reserve Board have major differences on the state of the economy. While Obama pats himself on the back for the economy, the Federal Reserve Board has a different view point.
The U.S. Federal Reserve on Wednesday renewed a pledge to keep interest rates near zero for a "considerable time" and repeated concerns over slack in the labor market, standing firm against calls to overhaul its policy statement.
The policy-setting Federal Open Market Committee also repeated its assessment that a "significant" amount of slack remains in the U.S. labor market, a further sign it is no rush to raise benchmark borrowing costs.
"On balance, labor market conditions improved somewhat further; however, the unemployment rate is little changed," the FOMC said in its statement.
We must ask ourselves; in what world does Obama live? Unfortunately it is our world and we are the ones to suffer. Perhaps we could all forget the real world and take our families to Martha’s Vineyard and spend our days raising money and playing golf. It works for Obama as he continues to live in a fantasy world.