By Jerry Shenk
Every day conservative media outlets devote incredible amounts of column inches, pixels, and air time to criticize President Obama and his administration. Conservatives comprehensively hammer Obama for his fiscal policies, spending policies, military policies, social policies, regulatory policies, labor policies, education policies, and foreign policies, plus any other policy which failed to make this list. Is such chronic disparagement reasonable? After all, everyone is human. Obama deserves to get cut a bit of slack every now and then, right?
Reflect for a moment on Grey's Law: "Any sufficiently advanced incompetence is indistinguishable from malice" and the law's variously attributed corollary, "Never ascribe to malice that which is adequately explained by incompetence."
Finished reflecting? Ditto. Those are lousy choices. Malicious or incompetent, either way, America can -- must -- do better.
President Obama and national Democrats have much to answer for. America's barely discernible economic growth is insufficient to accommodate job-seekers. Unimaginably, the national debt has skyrocketed more than $5 trillion in only three years. Food and fuel prices continue to climb -- and the housing market is as bad as it was three years ago.
To support $5 trillion in deficit spending in three years, the Federal Reserve has tried two rounds of "quantitative easing," a euphemism for printing astonishing amounts of money, to buy back, or monetize, our own debt. All that new un-backed liquidity cheapens our currency, inflates prices for commodities, food and fuel among them, and threatens hyper-inflation.