I really get tired of misleading attacks on Obama, when Bernanke and the Federal Reserve System are the twin problems.
This is like the matador’s cape. He waves the bright red cape in front of the bull, but the sword — the FED — is hidden under the cape.
Here is an example. This video deliberately implies that Obama has power over the FED. This is nonsense. The FED runs the show economically. Obama is a potted plant. He says nothing for or against the FED. He is mute. He knows who is in control. He isn’t.
Then it blames him for the federal deficit. Haven’t these dunderheads ever read the Constitution? Spending bills originate in the House of Representatives. Then the Senate votes. Then the budget is either reconciled or delayed through a continuing resolution. The President can sign it or not. He cannot change a penny of it.
Then it says that the deficit is his fault. Nonsense. It’s the entire government’s fault, including the Republican-controlled House. The huge deficits began under Bush, not Obama. TARP was Bush’s bailout, not Obama’s.
This sort of nonsense reveals deliberate manipulation of naive Republican voters, who know nothing of the Federal Reserve or the Constitution. I don’t think anyone could produce such poppycock and not know what he is doing.
I hope you know enough to recognize when someone is deliberately trying to deceive you.