She musters a smile
For his nostalgic tale
Never coming near what he wanted to say
Only to realize
It never really was
--Doobie Brothers
President Obama's dazzling elocution continues to betray his level of intelligence. Another example went into the books from a recent speech to the Business Roundtable when the president declared that "raising the debt ceiling, which has been done over a hundred times, does not increase our debt."
That one should raise eyebrows of even this president's staunchest minions. Gradeschoolers should have trouble swallowing this line.
His opponents have to savor, and proponents have to dread, situations where Obama decides to go off teleprompter. He clearly was trying to wing it here.
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Of course, the U.S. government is not going to print money and distribute it willy-nilly although as we will see later, there are practical policies that approximate this behavior.
~Ben Bernanke, November 21, 2002
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