Obama Keeps Spending While Europe Melts Down

While Europe is in the middle of an economic meltdown due to profligate overspending and borrowing, President Obama brags about his massive spending and wants to do more.

On Tuesday, President Barack Obama boarded Air Force One, flew over Pennsylvania, where voters were deciding the political fate of his ally Sen. Arlen Specter – and landed in Ohio.

After touring a steel manufacturer, Obama took to a podium in front of workers in a city with soaring unemployment and fired at Republicans in Washington for criticizing his efforts on the economy.

The billions of dollars spent on the stimulus bill, the extension of unemployment and health benefits, small business incentives, aid to states and investments in infrastructure were not only “the right thing to do,” he said, but they are working.

“Those critics who have been trying to badmouth these efforts, they know it’s working,” Obama said. “Because – this always puts a smile on my face – because even as they tried to score political points by attacking what we did, many of them went home and claimed credit for the very things they voted against. They show up and they cut the ribbons, and send the mailings home touting the very projects they opposed in Washington. They’re trying to have it both ways. I know that’s hard to imagine in politics.”

“Here’s the fact,” Obama continued, “if the just-say-no crowd had won out, if we had done things the way they wanted to go, we’d be in a deeper world of hurt than we are right now.”

The fact is that Obama's massive spending and borrowing is committing our children and grandchildren to a future of paying high taxes for life for a burdensome debt he is building up by the day. You know, if Obama thought he was doing such a great job, you would think that he would be holding a press conference weekly with his adoring press to take credit for his actions and crow a bit.

But instead, Obama avoids the press like the plague, does limited spot interviews with shills, and sends his village idiot Gibbs out to handle the heat for him.

Kind of makes you think that The One does not want to answer questions even from his adoring MSM.

The reality is that the economy is not rebounding nor recovering anywhere near what it should be at this point based on historical norms after a recession. I think we have a double dip recession coming, followed by high inflation. Look for a very rocky market for the rest of this year, and a lot of voter anger come November.