DR.OBAMAS CRUCIAL MISTAKE THAT RUINED HIS PRESIDENCY

OBAMAS REIGN AS PRESIDENT WAS PERMANTLY RUINED FROM THE DAY HE TOOK OFFICE:
Obamas crucial error was in not concentrating on the economy from the very begining instead of straying off into other areas like health care and climate change. While they are important concerns job one should have been getting the economy back on course. The way he tried to reshape the automobile industry has hurt the economic future of this country.
Picking Steve Ratner a poltical fundraiser to be his main guy at supervising the industries recovery was a grave mistake and proably cost him a successful Presidency. General Motors is floundering from lack of leadership and wont make it.
Fixing General Motors was fixing the economy and rebuilding America's manufacturing base. And Obama screwed it up big time by picking a novice like Ratner to head the automobile task force. Its really Obamas fault that its taking so long for the industry to rebuild. Ratner had no talent or backgroung in that industry. Yes he has a hedge fund but its done very poorly. Ratner's primary talent is in raising money for politicans to run for office. And how that translated into having the knowledge to rebuild America's manufacting muscle is beyond the understanding of THE DETROIT TIMES.
SHOULD BERNACKE BE REAPPOINTED: Bernacke is a disiple of Milton Freidman an economist whose theories were never proven to be workable in the real world. We are now headed for a double dip depression with no end in sight and with things getting worse instead of better. Bernacke mistake was in not waiting for the economy to bottom out before sending in the troops. When Franklin Roosevelt took office and started rebuilding the economy had already bottomed out naturally. What Bernacke did was just postponed the inevitable which is a bad depression. What Obama should do now is follow Paul Volkers advice and bring Bill Clinton on as his top adviser.
A SIGN THINGS ARE GETTING WORSE: THE GOVERNMENT IS RUNNING OUT OF FINGERS AND TOES TO PLUG THE DAM:
The govenment is running out of money and cutting back on crucial programs. People in California and other hard hit states like Michigan are having trouble collecting unemployment benefits. The states ran out of money along time ago. It was the Federal government that was making up in the differnce in the hopes of jump starting the economy. The job situation is much worse then a year ago and the government is now cutting back. What does this mean? It could be a sign the government is starting to drive on an empty tank.