Obama Talks About Being A One Term President

February 15. 2010

President Barack Obama

Recently, President Barack Obama stated he would rather be a good one term president, rather than a bad two term president. Obama's poll numbers have hit record lows, government spending has reached an all-time high and the U.S. economy is in the worst condition it has ever been in, as the incumbent has been unable to correct the damage the former president created, making decisions that have worsened the nation's financial state.

If this pattern continues, Obama will not leave office in good standing. His legacy will be, he spent more taxpayer money than any other president in history, national debt reached an all time high during his presidency and his poll numbers hit record lows months after assuming office. Who would really want such a legacy. As the first black President of America, Obama owes African-Americans and blacks worldwide more than that.

However, Obama is governing Hollywood style, with big budgets, like on a movie set and controversial company...and therein lies the problem. Last week, historian, Webster Tarpley, stated Obama is inviting the Dalai Lama to Washington, as he is a favorite of Hollywood, who donated millions to the President's election campaign and often visit the White House as well.

(Webster Tarpley) Video: US-China relations could get worse - RT

Inviting the Dalai Lama to the White House was not in America's best interest, as the largest holder of national debt, China, took it as spitting in their faces, due to the massive ongoing dispute they have with the sectarian leader they deem a rebel trying to splinter their nation.

China is now threatening to sell all U.S. bonds it purchased. The Judiciary Report is not stating be uncivil to the Dalai Lama, but the nation is steeped in financial turbulence, therefore, was this really the best time to engage in such a maneuver, infuriating the largest holder of national debt. 

Then, there is the big budget Hollywood style spending coming out of Washington, like they're on a movie set. Anyone championing it, simply does not understand economics. Many a movie studio and film production company have gone belly up spending like that anyway - why the government thinks it will fare any better following said example is anyone's guess.

No nation in financial distress can truly spend its way out of debt. You are a government. You can't spend money to make money, as though you are a corporation in the black. It is also worth noting, some of what the government is spending taxpayer money on is quite risky, not guaranteeing any proper, lasting return. This is the time to raise taxes on the rich and cut government spending.