U.S. President Barack Obama
Glenn Hubbard, one time economist to former President, George W. Bush, has stated to Yahoo Finance, Barack Obama has pushed the U.S. economy, "Close to a destructive tipping point." He also stated, "We must change how we conduct our politics and economics...or we will inevitably go the way of all once-great nations and suffer and irreversible decline."
Too bad President Obama is not listening and is intent on spending America into an economic sinkhole so deep, the nation is guaranteed another financial depression of a more virulent nature, in the near future. The President has somehow gotten it into his head that the way to prosperity is spending money the nation doesn't have, rather than cutting costs.
Whereas, Bush created the financial mess the nation is presently mired in, Obama is finishing off America with his ill-advised spending philosophy, which is not going to work out in the end. And once again, Congress is sitting back and letting it happen.
STORY SOURCE
U.S. Economy "Close to a Destructive Tipping Point," Glenn Hubbard Says
