I’ve known since before his election that Obama’s ‘goal’ is to destroy the “American Dream” that we and generations before us have strived to reach, not just for ourselves, but for our children and grandchildren. But to see it laid out so boldly and in such a matter-of-fact manner literally made my jaw drop.

Embattled Treasury Secretary Blames Reagan for Country’s Economic Woes

Seeking to deflect a rising frequency of calls for his resignation, U.S. Treasury Secretary Timothy Geithner suggested that “the root source of our current troubles can be traced back to the Reagan Administration. Remember, it was the tax cuts and deregulation pushed by President Reagan that unleashed an abnormal expansion of economic growth. The American people became accustomed to an unhealthy pace of increasing material prosperity that is incompatible with the more socially conscious restraint President Obama is trying to bring to this country.”

“Rising home values, rising investment values, rising salaries all stimulate a sense of greed that is at odds with the type of new nation Obama is trying to build,” Geithner said. “This country was already on the path to learning to live with reduced expectations under President Carter until Reagan took us off the track.”

Geithner insisted that “those who criticize what we’re doing now to get back on track are deluded by an unrealistic optimism about the future. In most of the rest of the world people are much poorer than even Americans who are out of work. Accommodating to lower expectations and living standards is the path that the President has chosen for this country. The sooner people get with the program the easier it will be for all.”

SOURCE: Free Republic