There's Never Been A Plan

Economist Sachs Hits Obama

"We're almost three years into this administration, and there's never been a plan.

There is definitely a plan, and it is to destroy the US Economy. And Obama is following the plan. The plan just does not care how many are out of work. Because he wants the US to be more like Europe, with everyone on the dole, and rioting when the government has to cut back.

And that's what everybody feels. And the president didn't lead. He waited. The quintessential image, sadly, of an administration that I supported and hoped for much better, is the president waiting by the phone to hear what Congress calls to tell him.

When the Dems controlled both houses he did not care about jobs. He just wanted to saddle us with another entitlement program: Obamacare. And they did that. He does not care about jobs, except his own. He will pretend to care about jobs to make sure he is reelected.

It doesn't work in this country that way. It's not a matter that it's August. It's a matter that it's August 2011. So we've been drifting for a very long time. And we've been drifting down. And we had a short-term plan that failed. A short-term stimulus that was supposed to get the economy back on track, but it failed. And now we have nothing behind it. And we have no agreements, and we have no leadership. And, frankly, I do think it's pretty odd the president's on vacation right now. Normally I wouldn't care about such things, but the world markets are in deep crisis. It's no joke. This isn't just an up-and-down little blip. This is a very serious situation."

And it will not be fixed until January 2013 when the new Republican takes office.