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If you’re looking for an iron-clad indictment of Barack Obama’s failed fiscal policies, you don’t have to look much farther than the President’s own words in a speech he delivered yesterday at the Associated Press luncheon in Washington, D.C.

In what was seemingly an attempt to criticize House Budget Committee Chairman Paul Ryan’s (R-WI) FY2013 budget plan — the only such proposal to emerge from either the House or the Senate — the President dredged up his stale complaints about President George W. Bush’s policies — many of which he has maintained — and turned to scary rhetoric about Trojan horses and social Darwinism in order to paint the conservative vision for fixing America’s budget crisis as a radical one.

To help bolster his case that more Obama-style policies are needed, the President detailed the problems America is still facing, despite three and a half years of his own policies:

Whoever he may be, the next President will inherit an economy that is recovering, but not yet recovered, from the worst economic calamity since the Great Depression. Too many Americans will still be looking for a job that pays enough to cover their bills or their mortgage. Too many citizens will still lack the sort of financial security that started slipping away years before this recession hit. A debt that has grown over the last decade, primarily as a result of two wars, two massive tax cuts, and an unprecedented financial crisis, will have to be paid down.


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