Do You Want Four More Years of This?

Here's an Obamanomics lesson from Roger Kimball (as seen at Instapundit):

"Now, class, why did the 2008 economic collapse happen? You there, waving your teleprompter: Mr. Obama: what say you? George Bush? Wrong answer. I’ve been over this before. Review an earlier reading assignment: 'Who caused the global economic crisis (Hint: it Wasn’t George W. Bush)'. Here’s the formula:

1. Make $1.5 trillion of risky loans to people you know are unlikely to repay them;
2. Allow financial institutions to slice, dice, and repackage the loans, leveraging them up to 30-1;
3. Require financial institutions to value their assets according to strict 'mark-to-market' rules, thus denying businesses needed flexibility during a crisis;
4. Impose onerous new regulations not only on financial institutions but on U.S. business across the board;
5. Keep talking about raising taxes so people and businesses pay their 'fair share,' even though 43.4 percent of those who file pay no income tax at all;
6. Create an economic leviathan in the form of health care legislation that will simultaneously worsen health care in the U.S. while also making it wildly more expensive;
7. Keep emphasizing 'green' jobs and 'green' energy production at a time when unemployment is above 9 percent and energy costs are skyrocketing;
8. Invest billions of dollars of the taxpayers’ money into failing private businesses with huge union obligations to keep the business going for a while longer so that the unions can squeeze more money out of the taxpayers.
9. Ignore the warnings of credit-rating agencies when they warn you are spending too much money and do not have a credible plan to address your skyrocketing deficits and then blame them when, months later, they downgrade your credit rating."