Aug 18 2011
Obama Now A One Term Disaster
The bottom is falling out of President Obama’s public support. Apparently it never occurred to Obama, Reid and Pelosi that their risky liberals schemes actually had to work in order to avoid destroying the Democrat party and burying liberal Keynesian economics for all time. From the left wing mortgage lending disaster (now everyone in a home is poorer), to their failed stimulus bill (lesson learned: no such thing as shovel ready, government trickle down jobs) on to Obamacare (bending our health care cost curve into bankruptcy) the results of liberal policies as been the epic fail.
And now polls show what happens when you promise heaven on Earth and you provide food stamps and lost homes, starting with Gallup and the President’s approval on jobs and the economy:
A new low of 26% of Americans approve of President Barack Obama’s handling of the economy, down 11 percentage points since Gallup last measured it in mid-May and well below his previous low of 35% in November 2010.
Obama earns similarly low approval for his handling of the federal budget deficit (24%) and creating jobs (29%).
Obama is under water himself on all major measurements with independents. Which means he cannot win election in 2012. At Rasmussen the news is the same, with twice as many likely voters strongly disapproving than strongly approving. As I said early this week, Obama’s ridiculous posturing before and after the debt limit debate pretty much sealed his demise. He pushed for more debt and more inept government, then tried to blame the people’s emissaries from the 2010 election for not caving in to his demands.
Now we wait and see what options we have in the future, and see how badly the Dems lose the Senate. The GOP is not the golden child of the electorate by a long shot – they just make a hell of a lot more sense than the liberals.
And we haven’t even started to really fall apart yet – every indicator is now saying that we are plunging into the second half of that “double dip recession.”
And let me say again – there is no such thing as a “double dip recession” you media idiots, that’s called a Depression. There were a lot of little dips and short term rises in the last Depression, too!
1929, then an 18 month rise as things started to look better – then the real plunge into the pit began in 1931 and everything went to hell in the election year of 1932.
Sound familiar? Yep, the numbers are calling it – just look at Europe today, the European banking system is failing and no one knows what to do about it. They didn’t know what to do about the Creditanstalt, either. We are like hikers on a glacier, all roped together. Greece has gone into the crevasse, pulling down Italy, who is now pulling down France, who is going to pull down Germany – and all of them together are now going to pull us down, even IF we were doing everything right.
Of course we’re doing everything wrong, which means there are no longer any circuit breakers built into the system. What’s the solution – hey kids, let’s try some deficit spending! Ooops… tried that one already. And as state governments cut their budgets, unemployment is about to take another big jump up, which means all of our problems get squared.
Here we go – it’s 1931 all over again. Someone is bound to start singing “Happy Days are here again” – won’t work this time any more than it did last time.
all I got is that Gold is headed to $2500 by the end of the year – this is that all-in moment. This plane has stalled, and we’re spiraling into the ground now. The only way out is through, and not all of us will make it.
Don Surber has a great cartoon about Obama eating his words…reluctantly and invisibly.
The only group of deniers remaining is the radical left progressives. Most in this group live inside WDC and they must be hit hard.
I see Boxer and her black caucus attacking Obama.
The poll numbers do not correlate to the general anger of the American public. Watching Obama in his townhall meetings in the last few days, he still has a few people that still love him. I had to wonder if they just love the person but hate his policies.
Good time to stock up and get self sufficient. I’m thinking a generator wired to run my home may be in the works before winter.
I have zero confidence in the DC clowns on either side as I am sure when the stuff hits the fan the cowards will either run or propose “solutions” which only will make matters worse.
I believe this was engineered to bring the system down, but whether or not that is true doesn’t matter at this point as class warfare and the race card is all the socialists have left.
Any right thinking American has long ago stopped listening to the liars in DC and their Presstitute water carriers. I just hope and pray there are enough of us to throw the bums out. Not all progressive freedom destroyers wear the Democrat label there are certainly more than a few hiding behind the R brand.
It could be said that Bush ushered in Obamacare by his perscription drug entitlement. I thought at the time my now deceased father was a little off when he condemned that, but now see it was a small step for the socialists to take from, Cheap Perscription drugs are a RIGHT to FREE healthcare is a RIGHT!
The next straw is to light this country on fire with flash mobs and race riots. The local police have shown a remarkable reluctance to use the force necesary to stop the leeches and thieves from robbing, stealing and assualting any who they want. When that happens it becomes every man for himself and a matter of survival. I am reminded of the riots in LA years ago where the Laotian or Vietnamese shopkeepers took to their roofs with AK-47’s, their stores largely survived!
Be Prepared!
The stock market is crashing.
Again.
It’s kind of academic as to whether this was engineered or not – my observations of leftists is that they always think the State and the Society that support it are immortal and untouchable, and thus they can do any stupid thing they want without hurting it. They never see how the solutions they support end up destroying the things they love – Barney Frank and easy loans are an excellent example.
If anyone *were* to actually want to engineer a systemic breakdown, they would be damned fools, because in any *real* breakdown, the side that wins is the one with the most ammunition.
And I know several people who have been stocking up for a while.
But like I said, one of the libs big conceptual mistakes is that they never realize that Government itself is just as mortal as the rest of us.
There are a lot of people who, when asked, say they like Obama but hate his policies, but I suspect many of them say they like the man as a hedge against the racist label. Obama’s true personal popularity is something below what is indicated. In truth, there is nothing to recommend him to the voter in 2012.
I have been doing some stock ups in the last few weeks. My husband asked me why. The only reasonable answer I can give him is “natural disasters!” I need to get more water and candles. Don’t have a generator of our own but generators don’t last long unless you buy a very expensive one!
Stock market is crashing even more.
Inflation going up very fast.
Gold going up.
Unemployment went up for this week as I anticipated. It’s not over yet.
What’s really stupid is that the MSM is calling this the new norm.
No, it’s not the new norm.
There is nothing that Obama can do to reverse it.
We need more of the bad news to force more people to vote against Obama.
Looks like Perry may be the only “bully” candidate that can beat Obama. Doesn’t matter whether I like him or not. Doesn’t matter how many secrets Perry has in his closet. Michelle Malkin, Karl Rove, it ain’t gonna work anymore…not with Obama in the WH.
We are f@#$ed.
The bill for the idiocy of electing this guy and his demsheviks thugs is coming due.
The country is weakening at an alarming rate.
And, if what Ulsterman is reporting will become reality, (and I have no doubt O’s plans are as such) the nightmare will truly materialize.
Even if we boot him from office the damage done to our country will be so great, it will take a generation to recover, if we do not make additional mistakes.
Given that fact hinges on the same people who elected Obama I am not optimistic at all.
Considering his term has still almost a year and a half to go, there is still time for him to make things a lot worse.
“and burying liberal Keynesian economics for all time”
If only history didn’t constantly repeat itself.
“Which means he cannot win election in 2012.”
Which means that 2012s elections are an IQ test for America.
Remember people this is the United States of America, not France, Greece or Burkina Fasa. We have overcome bigger obstacles and often without the “help” or hindrance of “government”. Time to stop looking to Wash DC for answers to questions they just are unable to understand. Fear thee not the leftie as their only strength is their shrillness, nothing a good dose of STFU can’t cure.
I saw a funny or tragic (depending on how you look at it) bumper sticker:
You voted to prove you are not a racist in 2008.
Vote to prove you are not an idiot in 2012!
AJ, WWS,
It is all now a matter of how much damage the Obama Administration does to the Republic between now and their ejection in Jan 2013.
In that regard, I wonder how many Presidential pardons Pres. Obama is going to issue over the “Gunwalker” scandal — AKA Federal lawmen running guns to the Mexican drug cartels to create a case for more Federal Gun control legislation — the day Obama’s term off office expires.
See:
http://pajamasmedia.com/blog/gunwalker-u-s-attorney-wont-grant-victim-status-to-murdered-agents-family/?singlepage=true
As a Constitutional point of law, a Presidential pardon does not relieve the pardoned of the civil liabilities arising from criminal acts.
Litigation about that scandal will be in Federal civil courts for years after Obama is out of office, IMO.
AJ,
Another Gallup poll for you to chew on:
http://www.gallup.com/poll/149063/Americans-Satisfaction-National-Conditions-Dips.aspx
Americans’ Satisfaction With National Conditions Dips to 11%
Economy, jobs top “most important problem” list
by Jeffrey M. Jones
PRINCETON, NJ — Americans’ satisfaction with the way things are going in the United States has fallen back to 11%, the lowest level since December 2008 and just four percentage points above the all-time low recorded in October 2008.
Stick a fork in ’em. Obama is done.
Looks like Obama lost PA already.
If you haven’t read the article by Boyd Richard Boyd over at American Thinker (hat tip Lucianne.com) then you MUST.
He hits on everything we have been saying for 3 years.
And one of my favorite parts:
“His Tea Party mockery, the takeover of industries, the contortions of Obamacare, the slow response to BP’s oil spill, the tens of thousands of new regulations, the aggressive deficit spending, the Fed’s printing sprees, bowing to and borrowing from anti-Americans — all are part of the blueprint. Even his petulance, arrogance, constant golfing, and “let them eat cake” attitude are part of the plan. Obama understands how grating such behavior is to any American who doesn’t worship strongmen.”
AJ, you may not agree with this but I do. I know these people. I wish that O’Reilly would replay his documentary he did about obama and his team just after the ’08 election. It will OPEN a lot of eyes, looking back at it now.
I read Boyd’s article. it’s a great article but something that’s been repetitive.
I missed O’Reilly’s documentary, though.
The left still hasn’t learned…as they had wanted Obama to implement far radical left policies…they didn’t feel Obama did enough…such as spending more and more.
zerohedge notices that intrade shows Obama having more than 50 percent to lose next year. The numbers are getting worse for him. Will it ever get better?
“Will it ever get better?”
For Obama, I don’t think it will – which means he has no choice but to run a campaign of nothing but hatred and race baiting. He has no other cards to play – but I also think both of those have already been overplayed. They’re not going to work.
And here’s why I don’t think it’s going to get better for him; this economy is about to get dramatically worse, not better, because we are falling into a new (official) recession (unofficially, the last one never ended). And that means unemployment will go UP, tax receipts will go DOWN (they always do in a recession) and the deficit will continue to soar regardless of what Congress does.
This is about as toxic a political environment as is possible. Think 1980, or 1932. The key thing is that Obama is out of Time. The best economic policies in the world couldn’t turn this thing around before election day – and we are certainly going to follow policies worse than that.
Ironically, the efforts by the states to get their financial houses in order or going to mean large layoffs of government workers. Estimates vary, but overall there may be 500,000 people laid off over then next year by government alone. That’s actually not a high percentage, when all governments are combined the millions of people they employ is almost unbelievable.
But it IS enough to send the unemployment rate through the 10% rate again when it happens. Obama has no tricks left up his sleeve, no money left to throw around. Nothing left but to stand up and take it. Will Bernanke dare to flood the country with freshly printed election year money, now that his potential future boss has already, publicly, called him out on it? No way to sneak that one by anymore; it’ll be a HUGE story if it happens. (and economically disastrous if it doesn’t, btw, at least in the short term)
Times like these happen in most people’s lives sooner or later, and this is when true character (for good or ill) shines through. Some men rise to the occasion – some sink into self pity and go down whining and blaming everyone but themselves for their problems.
Which type do you think Obama will be?
WWS, AJ,
The key negative economic development through 2013 is the impact of the reduction of government workers.
The number of state & local government employees nationwide will be reduced by about 5-7%, perhaps as high as 10%, over the next 18-24 months from where they are now, and the rest will take outright pay cuts averaging about 5%.
Nothing like this has happened since the Great Depression.
This will have enormous repercussions in the private sector.
From WW2 through the mid-1970’s government workers tended to buffer the wider economy from the effects of the economic cycle. After the mid-1970’s, the negative kudzu like growth of economic regulation by the various bureaucracies started turning any government spending on public employment into a Soviet style negative GDP modifier. It turned “investment” into dead waste.
Thus each economic cycle after that got worse in terms of private sector job creation, save when the Federal President (Reagan was the best example) actively attacked the regulatory part of the bureaucratic state as well as cut taxes.
However, this hydra-headed bureaucratic state has developed huge swaths of “economically safe areas” where public employees have nested — and associated government contractors — and feel entitled to their increasing cut of the economic pie. (See Madison, Wisconsin)
Now those “safe areas,” particularly in “Blue States” state capitols, are being gutted by the lack of sales & income taxes plus the cut off of TARP cash the Republican take over of the Federal House means.
People are not machines. Reinforcement of economic expectations can be multiplied. Basically the U.S. is so rich that things can get much worse based on adverse economic expectations alone.
When the public and business are already in a sour mood, reinforcing that mood does not have the normal effects of Reagan-style public employee reductions would have and, in this instance, the numbers of government regulators are not being cut in the Obama Administration & Blue States.
We are now seeing a major-league capital strike due to the insane economic policies of the current administration, which really does represent the mainstream Democratic Party.
The normal things consequent on a decrease in numbers of government employees simply will not happen because businessmen refuse to take any risks they don’t have to, particularly in hiring new employees.
This business behavior won’t change until after the next election which Obama is no longer President.
[…] Obama Now A One Term Disaster The bottom is falling out of President Obama’s public support. Apparently it never occurred to Obama, Reid and Pelosi that their risky liberals schemes actually had to work in order to avoid destroying the Democrat party and burying liberal Keynesian economics for all time. From the left wing mortgage lending disaster (now everyone in a home is poorer), to their failed stimulus bill (lesson learned: no such thing as shovel ready, government trickle down jobs) on to Obamacare (bending our health care cost curve into bankruptcy) the results of liberal policies has been the epic fail. […]
Speaking os self sufficiency. If you have not tried “Squirrel on a stick” now is the time to get the recipe.