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Obama Blames Europe for U.S. Economic Woes!



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Remember President Obama saying, over and over, and over and over again, that we should “think about what’s happening in countries like Spain,” among other European social-democratic examples he trotted out (depending on the stump speech) if we wanted to see his model for centrally planning a “green economy.”  

Planet Gore readers know it is level ground that those countries deeply harmed themselves with precisely these schemes. Those nations now are uniformly cutting back on their renewable-energy boondoggles even as Obama recommits himself to establishing them here. And his dogmatic refusal to do anything but pump the gas faster and harder — despite a scolding from those who now see what they have wrought — is scaring the heck out of U.S. markets.  

So when “Obama blames Europe woes for US economic ‘headwinds’” — as the Irish Independent headline today puts it — you know something unusual is transpiring.  

On one level, Obama is correct to blame Europe’s woes for scaring markets in the U.S. — but the markets are scared about his effort to impose here the very policies that caused Europe’s woes. As I noted earlier, it is unfortunate when a president is so fixated on blaming others. Intentionally or otherwise, he tends to miss what’s actually going on.  

Re-creating Spain et al.’s obviously costly energy schemes here is one thing. Re-creating them after seeing that they have proven to be unsustainable disasters — materially contributing to the Continent’s present state of teetering on an economic precipice — is far worse. But to then blame the Europeans for U.S. economic uncertainty inspired by your own “look to Europe” policies is pathological.



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