Video: Thin Skinned Obama blasts Bush at Naval Academy Graduation and fails to take responsibility for his own decisions or lack of them

Sometimes it appears that Obama is still fighting the presidential election campaign of 2008. He loses no opportunity to snipe at the previous Bush administration. He seems to forget that he is already in power for five months. It is now time for him to take responsibility for decisions which he makes. Obama's spending plans will triple the national debt which he inherited from Bush. Obama and the Democrat controlled Congress have avoided the hard decisions on public expenditure.
His speech at the Naval Academy Graduation in Annapolis contains the following:

"When America strays from our values, it not only undermines the rule of law, it alienates us from our allies, it energizes our adversaries and it endangers our national security and the lives of our troops."

Here Obama is hammering his predecessor as usual. Perhaps he might care to define what he means by values. He has a selective approach to the term. He has strayed from American values with his support for the Culture of Death. He is a pro abortion extremist. Tripling the national debt is certainly not in accord with American values. It is Voodoo economics. Increasing the influenece of the State is at odds with the beliefs of most Americans who are certainly not Socialists.

Olle Wästberg, Director General of the Swedish Institute reveals how the Swedish Banking Crisis of 1992 was resolved

Olle Wästberg, Director General of the Swedish Institute reveals some insights -garnered from his inside track in the early 1990s- into the bone-shaking Swedish banking crisis and its eventual resolution. This article appeared in the Swedish English Language Newspaper-The Local . Here is a brief excerpt.

“....Nowadays when international newspapers and magazines write about “the Swedish model,” they allude to the way Sweden managed the financial crisis in the beginning of the 1990s.Back then, the banking crisis was handled by the then Minister of Fiscal and Financial Affairs Bo Lundgren (now Director General of the Swedish National Debt Office), his State Secretary Urban Bäckström (now Director General of the Confederation of Swedish Enterprise) and the leading civil servant in the field Stefan Ingves (now Chairman of the Riksbank)........

Hopefully Irish policy makers will learn from the Swedish experience. The full article may be accessed here