- The Washington Times - Wednesday, November 17, 2010

ANALYSIS/OPINION:

Former President Jimmy Carter, whom many see as the most ineffective American leader of modern times, now has a true rival for that dubious honor.

The current administration and its Democratic congressional leadership stand paralyzed before a stalled economy waiting for clear-sighted leadership. Continuing the Bush-era tax cuts could encourage business investment and the jobs that typically result, but an ingrained antipathy toward capitalism prevents action. Forcing bank loans for unqualified borrowers devastated confidence in our securities markets, but a compulsion to redistribute income gratuitously stymies needed reform of both Fannie Mae and Freddie Mac.

And a growing sense of urgency surrounds any discussion of profligate government spending, yet President Obama’s commitment to the agendas of Democratic pressure groups daily makes a mockery of his campaign pledge to be the first “post-partisan” presidential leader.

RON GOODDEN

Atlanta

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