Breaking Blame™ no. 1. Obama blames lazy Americans for Economic Cataclysm. Kind of.

November 14, 2011

Europe maybe collapsing around the very foundations of the monetary mechanism that was imagined and constructed to unite, unify and catapult the EuroZone to the very head of the financial world table, but we don’t have time for that at the moment. First we have to trawl our way through the weeks blame game.

We have coffee, Guns n’ Roses, The X-factor, basketball, serial killers and the President of The United States of America. What do they all have in common? Well, they have all been seduced and bedded by the Italian media, political, womaniser, seducer, bringer of chaos, football club owner, sex addicted megalomaniac and now, thank the Italian food Gods, EX-prime minister, Silvio Berlusconi, and they all have been pointing and taking the blame this week.

Blame is engulfing Obama, now its lazy people and foreign investment

In order of importance, lets start with coffee. OK, the US president, he is probably more important than coffee. Reading between the lines and creating something amusing out of what, in reality, was a meandering piece of sleep inducing sedativity we are left with the cold-hard reality that the one-term President has blamed lazy, good-for-nothing Americans for the financial maelstrom which is sweeping the modernised world into the proverbial shit-tank. Kind of.

We’ve been a little bit lazy, I think, over the last couple of decades

Really Mr President? Who has been a bit lazy? The people? Way to win a vote contest sir. As the rest of America sat around watching TV, drinking beers, smoking joints, sleeping, lying in bed all day and generally being lazy, the President was in Hawaii (alright for some) having a “scripted” conversation with Boeing CEO James McNerney. Is a scripted conversation what it sounds like? Two men reading a conversation to each other which has already been scripted. How wonderful it would be if that were true.

During the scripted conversation Mr Obama, aside from blaming laziness, was addressing the real problem, as he sees it, for the current lack of foreign investment in the United States. After actually physically arriving on American soil and passing the I’m a celebrity get me out of here bush tucker challenge styled,  jump, I say how high, give me your blood, your boots, your clothes and your motorcycle ivestment screening test, foreign investors then have to counter additional challenges to be given the US seal of approval to merely sell a few wicker arm chairs.

Because of our federalist system, sometimes a foreign investor comes in and they’ve got to navigate not only federal rules, but they’ve also got to navigate state and local governments that may have their own sets of interests……Being able to create, if not a one-stop shop, then at least no more than a couple of stops for people to be able to come into the United States and make investments, that’s something that we want to encourage

This isn’t the first time that Obama has blames economic problems on the obscure, only earlier this year he blamed ATM cash machines for the growing and uncontrollable unemployment rates currently afflicting the United States. This time he has at least but the blame on humans.

The evidence is wishy-washy as the current American governmental system is hardly a new one (by American standards). It’s a mixture of lazy people and difficult foreign investment administrative hoop jumping? Then why was the 1990s boom time? Between 1990 and 2001 foreign investment topped out at $300 billion, only to fall 66% in the following 2 years. A sudden case of weekday lie-ins?  Or just cyclical? US foreign investment climbed healthily again during the second term of Bush, only to plummet back down to $150 billion in the early days of the Obama administration. Ups and downs, swings and roundabouts.

Unfortunately for the President, when you call somebody lazy at the start of what you are saying, it doesn’t matter how economically or politically sound or weak your proceeding arguments may be, people stop listening after the word “lazy”. Did you?

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