Hope and Change has morphed into Gloom and Doom and Obama is the chief purveyor of pessimism. JC
In Elkhart, Ind., on Monday, President Obama spoke as if America were approaching a doomsday that only a massive increase in government could avert.
"The situation we face could not be more serious," he said. "We have inherited an economic crisis as deep and as dire as any since the Great Depression. Economists from across the spectrum have warned that if we don't act immediately, millions more jobs will be lost, and national unemployment rates will approach double digits. More people will lose their homes and their health care. And our nation will sink into a crisis that, at some point, we may be unable to reverse."
Do we really face the possibility of an irreversible crisis? Well, yes. Not the one Obama describes, but the one he may cause.
In fact, talking down the economy serves Obama's purposes. It helps sell his agenda for massively increasing government.
And it could be a self-fulfilling prophecy: America's economy has grown in the past because the American people have not been overburdened by government. Obama could cause irreversible decline by creating an unsustainable government.