In what could have been a comedy routine, Barack Obama, pretender to the throne of America, declared that he had singlehandedly saved the world’s economy. Yeah, and Miley Cyrus has made the world safe for celibacy. Osama bin Laden paved the way for peace and Michelle Obama made lunch a treat for students. His remarks were in answer to a question of what he wanted his legacy to be.
“Saving the world economy from a Great Depression — that was pretty good.”
“For us to be able to mobilize the world’s community, to take rapid action, to stabilize the financial markets, and then in the United States to pass Wall Streets reforms that make it much less likely that a crisis like that can happen again, I’m proud of that.”
What exactly did he save? The economy stinks as the GDP and real wages have remained stagnant. A record number of people are out of the workforce and half of all families in America are receiving some form of welfare. And as far as the “tough” Wall Street regulations go, he did nothing to prevent the meltdown from happening again. The Dodd/Frank Act actually incorporates “too big to fail” into law. Big banks would be saved from their gambles if they lose, while small banks are not.
Other major accomplishments cited by Obama was the Iran Nuclear Deal, in which he guaranteed that Iran will have nukes within ten years and it only cost a mere 148 billion dollars, which even Obama admitted will be used to fund terrorism. He also took credit for the Ebola crises. He threw a little money at it but otherwise did nothing, including making sure visitors did not carry the disease into the United States.
I wonder if the British are laughing as hard about Obama’s claims as we are?