Steve Forbes to Newsmax: Obama, Bernanke Must Go

Steve Forbes to Newsmax: Obama, Bernanke Must Go

“And I think the evidence is very clear that the president’s policies have made the situation worse, not better. The blowout in spending — where does the money come from? It comes from taxpayers one way or another. Obamacare — he passed that. Dodd-Frank — he pushed that. The weakening of the dollar — it started under the previous administration, but he’s made it much worse.

“So whether it’s the dollar, spending, refusing to do serious things in reforming the tax code or entitlements, that ball is very much in his court.”
Obama is poised to release a jobs plan that is expected to include proposals for extending the payroll tax cut and jobless benefits, spending money for new construction projects, and offering incentives to hire new workers.

Forbes offers his take on the plan: “What you see here is the definition of insanity — something does not work, you keep trying it and hoping that somehow it will work. Doing more government spending, doing more stimulus under another name, is not going to help getting this economy back on track again because again the government is in the driver’s seat.

“Extending unemployment benefits does not stimulate the economy. A payroll tax cut, because it’s temporary, does not encourage real spending or investment and the creation of new resources. Bottom line: more of the same. He doesn’t get it, which is why he’ll be a one-term president.”

Asked how Obama can jumpstart the economy, Forbes responds: “The president has to be serious about negotiating. He says he wants to deal, but it’s always on his terms.

“In terms of what he can do right away to help the economy, he could stop trashing the U.S. dollar and make the dollar as good as gold. That would go a long way toward attracting foreign capital, which is now leaving this country. He can stop the binge spending. There are a lot of things he can do but I don’t think he’s going to do them.”

Read more on Newsmax.com: Steve Forbes to Newsmax: Obama, Bernanke Must Go
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I still don't support O even from the first election. He's a disaster and will continue to be a disaster until he's exposed for the fraud he is.