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No Obama Mandate

December 26, 2012 By Richard C. Young

Two co-pilots steering us toward the fiscal cliff.  Their respective jobs are beyond them.

In the above, the Washington Post’s Richard Cohen is referring to President Obama and Speaker Boehner.

I have written that the most destructive presidents since the founding of the Fed (thank you, President Wilson) are Wilson, FDR, Truman, Johnson, Carter and Obama. President Obama has the thinnest resume of any president in my lifetime. His qualifications don’t fill the back of a matchbook. I ask people to explain to me what about Obama’s background would lead them to vote for such a person as president and have yet to hear one answer that makes even the slightest sense.

Mr. Cohen writes about President Obama feeling like he has a mandate. But as Cohen notes, “Some 15 Republicans won in congressional districts that Obama carried.” Some mandate. The Republicans control the House and are likely to pick up a number of additional seats in the mid-term elections, now less than two years away. Moreover, limited government Republicans have already rebelled against Speaker Boehner and his budget bail out. Boehner is playing a weak hand that should weaken further. All of which should serve to handcuff President Obama, making his grand income-redistribution scheme tough sledding, if not impossible.

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Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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