Engine Grinding Down

With the issuance of a new unemployment report showing a startling high increase in new jobless benefit applications -- to a level far higher than any in the preceding six months -- our president is trying to rescue his failing economy with the one and only thing he knows how to do: TALK, EMPTY TALK . . . JUST JABBER WITH NO MEANING OR WORSE.

Ideologically committed to a discredited economic theory, Mr. Obama is failing and flailing, doubling his taxpayer funded bets on schemes that have been proven to be futile. His attempts to disguise the direction of huge amounts of taxpayer money to his union supporters as stimuli also have failed. 

Instead of getting the government out of the way of the nation's productive endeavors, he and his cohorts are adding regulatory controls and tax burdens on businesses.

Our great speechifying illusionist steadfastly refuses to recognize that these things are sand in the gears of the greatest economic engine the world has ever seen. That sand -- the product of the perpetually pandering members of both of our major political parties -- has become so voluminous and weighty that it is grinding down our formerly great economic machine and may even be bringing it to a crashing halt.