It's great that Barack Obama broke the race barrier for the highest office in the land, but he has failed. Obama's performance has nothing to do with the color of his skin. One of the main reasons to break the race barrier is equality of opportunity, and everyone should be judged on their performance, not their race or gender or age or sexual orientation or religion, etc. Obama's performance in office has been sub-par, and saying that full-throatedly is not racist, as some race-baiters have claimed -- it's respectful.
I judge Obama as I judged Bush and I judged Clinton and I judged Reagan, by their performance. Obama has worked against economic recovery. Everything Obama believes about economics is counter to growth and new wealth creation. Now, Obama wants to spend more money on government jobs and government projects to put people to work and get the recovery going. The idea that government has to spend money and create jobs in a recession conflicts with what's necessary in a recession. Resources were misused before the recession and the unproductive activity caused the market to fall and companies to dump workers. We've needed an adjustment period for capital to flow to more productive undertakings, but government has constantly interfered with the market, and it's done so to the point of causing widespread uncertainty among investors and producers.
This statist interference hasn't happened only in America since 2008, so it can't be dumped on Obama, but Obama has continued the failed policies that have been enacted in Europe and America and around the world for a long, long time in one form or another to one extent or another. The whole world is now facing the consequences of years of welfare spending, cronyism, corruption, State Capitalism and central planning. Capital has been misdirected on a grand scale, and we can't just spend our way out of it anymore. Those with great fortunes to invest have been burnt one too many times. The scale of the recession is too large, and the needed adjustments have been blocked by too many government interventions according to too many central plans. Market activity is built on confidence -- confidence that the the rules will be stable and others can be trusted to play by the rules. The rules have been broken and changed too many times.
In the global economy we're all interdependent, and the global recession can cause panic if nations start to fail one at a time, like Greece and Spain might do before too long. This is a dangerous time, and Obama is ill-suited to lead the most powerful nation in the world with the world's biggest economy at stake. There are some elite, international power players who would love to see a global collapse and reset, because they plan to help with the reset, which will be much more socialistic than capitalistic. Capitalism will be blamed when the reset happens, although true capitalism is something the world hasn't known for quite awhile, if it has been known at all. The Left will make fun of anyone who says true capitalism hasn't been tried, and they will say it's an idealistic concept, anyway, and that we need pragmatic solutions that address the iniquities of capitalism, that there are enough resources to go around, and that we need to properly fairly distribute the resorces, move beyond base markets and build the system which 21st century needs requires.
America is needed to lead the way out of this global recession, but Obama is an obstacle. We need a government that understands its role is too create an environment in which economic liberty is possible, and one in which the investors and producers have confidence. It can be done.