Tuesday, August 2, 2011


The Obama Downgrade, Alphabetically is the title of an article in the Wall Street Journal. The author is BRET STEPHENS. Bret goes through every letter of the alphabet to make the point that, as he points out when he gets to letter "L":
L is for Laden, Osama bin. The president's greatest triumph, which will forever put him one notch—if only one notch—above Jimmy Carter.
It is an interesting way to show the failures of President Obama. Bret has to admit that:
H is for Hillary Clinton, who—I can't believe I'm writing this—would have made a better president than Mr. Obama.
The Letter "D"
D is for—what else—the federal debt, which grew to $14.3 trillion this month from $10.7 trillion at the end of 2008. D is also for the dollar, which has lost almost half its value against gold since Aug. 2008.
The Letter "E":
E is for energy. The average retail price of a gallon of gas hovered near the $1.80 mark when Mr. Obama was inaugurated. It has since more than doubled. E is also for ethanol, the non-wonder fuel the U.S. continues to subsidize to the tune of $5 billion a year
and the Letter "F":
F is for free trade. Bill Clinton signed Nafta in 1994, which facilitates $1.6 trillion in the trade of goods and services between the U.S., Mexico and Canada. George W. Bush midwifed more than a dozen FTAs, from Australia to Singapore to Morocco to Bahrain. Number of FTA's signed by the current president: zero.
One of my personal favorited is the Letter "S":
S is for shovel-ready. Enough said.
However the Letter "W" ranks as my number 1:
W is for the Dubya, whose presidency now looks like a model of spending restraint.
I strongly suggest you read Mr Stephens article. Let me know what your favorite is when you finish the article.

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