RUSH: Ladies and gentlemen, there can be no other way to say this now. The gloves have to come off. It’s time for people to sober up. The president of the United States, Barack Obama, is destroying the United States economy. There is no other way to describe this, systematically destroying it. “Rush, are you saying he’s destroying it on purpose?” I’m not going there, it doesn’t matter. What matters is the United States economy is being destroyed. Even the Associated Press, government-run Associated Press with a headline: “Big Government Spending Programs Have Opposite Effect on Economy.” They are concluding that you cannot spend yourself out of a recession. So what is President Obama planning to do? Spend even more, even sooner. Here is the AP story: “The Federal Reserve announced a $1.2 trillion plan three months ago designed to push down mortgage rates and breathe life into the housing market. But this and other big government spending programs are turning out to have the opposite effect.” It is not just that they aren’t working, they are hurting, they are harming.
via Obama Tears Down US Economy, Mikhail Gorbachev Endorses Plan.
