Darth Obama’s Debt Star
Big government is too expensive and those who have to pay for it never get their money’s worth.
This chart from The Club for Growth shows the performance of the S&P 500 in the third year of the first term of each of the last seven presidents. Obama comes in dead last. The Chart is prepared by S & P which has made this study since 1957, and released the third year figures for all presidencies beginning with Nixon’s in 1971.
Belladonna Rogers at PJ Tatler says:
Enjoy your 17-day vacation in Hawaii, Barry. The country is doubtless better off the further you are from your desk in the Oval Office. Three years of your sitting there have yielded the opposite of hope. That would be despair.
The chart show why Rush Limbaugh said in 2009, “I hope he fails.” Looks like he succeeded, by his measure.
I just used this quote in the last post immediately below but it apropos here as well so I’ll use it again:
Democracy should give the people what they want — good and hard.
— H.L. Mencken
In 2008 the people wanted Obama’s hope and change. They, and their 401k’s, got what they wanted — good and hard.
“Hope and Change” was the motto of the Obama election campaign which many soon re-phrased as “Hype and Chains.” That was clever and humorous but the truth of the Obama presidency is now firmly established as a new era of decline and despair. It’s quite revolting to hear Obama compare himself to Abraham Lincoln considering that Lincoln’s America was the time of “a new birth of freedom.”
Instead of hope and change, the Obama presidency has delivered decline and despair on a scale not seen in America since the dying days of the Carter administration. Both at home and abroad, the United States is perceived to be a sinking power, and with good reason. The big-spending interventionist economic policies of the current administration have been little short of disastrous, and have saddled the US with its biggest debts since 1945. The liberal experiment of the past few years has knocked the stuffing out of the American economy. Job creation has been barely non-existent, and millions of Americans are now significantly worse off than they were a few years ago. Even The New York Times has acknowledged “soaring poverty” in Obama’s America, citing a Census Bureau report showing the number of Americans officially living below the poverty line (46.2 million) at its highest level for more than half a century, since 1959.
To this Professor Jacobson adds:
What I find most dispiriting is not the decline, which as Gardiner notes is not yet irreversible, but that over 40% of the population still approves of the job Obama is doing:
When you consider that some of the people who do not approve of Obama’s performance want him to be more liberal, we’re approaching half the country.
That’s the depressing part, that almost half the country still buys what Obama is selling, or wants more.
The Democrat party can’t be expected to care about the destruction of education in America when it produces so many idiots who support Democrats and will vote for them no matter what.
The other GOP primary candidates are spending their money and political capital making TV ads against each other. Rick Perry is the only one using his resources where it counts — taking the case directly to Obama. Donald Trump did that also and shot up in the polls during his brief dalliance with the GOP nomination. The key to winning the GOP nomination is run against Obama first, and the other GOP candidates second. Perry gets it.
Here is Perry’s new TV ad. It’s highly effective, especially the tornado siren.
Would anyone want to go back to 2008 and do it over, even if it were highly likely that McCain would win this time? Obama has been a disaster, is pretty much the prevailing consensus, and there’s no disagreement with that here. But where would the country be now if McCain had won? Back on March 30th of this year, when the Republican field for 2012 didn’t look all that promising, I tried to rationalize an Obama win in 2012 by offering some evidence that it might not be all that bad. Now the Republican candidates look better and an Obama win in 2012 would be more forbidding. In that post, however, I considered where we’d be if McCain had won:
The way to think about an Obama reelection in 2012 is to think about a McCain victory in 2008. Had McCain won in 2008 where would conservatives be now? “On the ropes” is the only answer that makes any sense given what is known of McCain’s history and his personal traits. It’s unimaginable that there would be the sort of conservative ascendancy that has occurred in the last 2 years if McCain had defeated Obama in 2008. Obama has done for the conservative movement what McCain could never have done, nor had any desire to do, and that is to revive the conservative movement and inspire The Tea Party which has moved big numbers of “precious” independents away from the Democrat party to the Republican party. I call independents “precious” because both parties think they are the key to electoral success.
I’ve never seen anything in all the stuff I read almost daily, or listen to on conservative talk radio, that has said anything similar. Until now, that is. Today Instapundit points to Victor Davis Hanson’s article on The Great Obama Catharsis. Hanson begins with this:
Barack Obama has done the United States a great, though unforeseen, favor. He has brought to light, as no one else could, many of the pernicious assumptions of our culture from the last half-century. He turned theory and “what ifs” into fact for all America to see, experience, and, yes, suffer through.
And ends thus:
Had McCain been elected, or had Obama proved a canny Clinton triangulator, we would never have gotten out of the bipartisan rut of massive borrowing, growing government, higher taxes, and unionized public employee regulators. But with Obama as the great liberal deliverer and with the masses scared to death of Him, the next president will inherit an America in catharsis. The future is uncertain, but at least now, after our cauterizing, we have some sort of chance to return to the old principles that might save us.
My sentiments exactly. As bad as Obama has been, McCain would have destroyed the conservative movement and that would have led to longer term ills for the country. At least now conservatism is still alive and we can see some light at the end of the tunnel. You’d think far-sighted liberals would have preferred McCain. Actually, they did in the open primaries before the general election. They knew something conservatives didn’t.
You’ll want to read the whole thing, of course.
Do Democrats See Defeat In November As An Acceptable Trade Off For Getting Their Government Health Care Enacted?
Obama’s health care summit was a bust with voters. The latest Rasmussen presidential tracking poll, which tracks likely-voter responses over three consecutive days, two of which were after the health care summit, clearly shows that the Democrats’ plans for a government-run health care system remains as unpopular as ever. In fact, more than ever.
The Rasmussen Reports daily Presidential Tracking Poll for Saturday shows that 22% of the nation’s voters Strongly Approve of the way that Barack Obama is performing his role as President. Forty-three percent (43%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -21. That matches the lowest Approval Index rating yet recorded for Obama.
The only other time the Approval Index was this low was in late December just as the Senate was about to pass its version of Obamacare.
The threat of Obama’s health care take over is clearly a serious threat to Democrat re-election prospects in November. Commentators and pundits are already predicting that the Democrats could easily lose control of the House and while it remains a long shot, even the Senate. Can we therefore assume that Obamacare is dead? A lot of Republicans think so based upon what they assume to be the political instincts of their Democrat colleagues, i.e., the first rule in politics is to get re-elected.
There are two competing theories on this and one of them should scare the snot out of us. Andy McCarthy reminds us that this in not our father’s Democrat party. The Democrat party currently in power is under the grips of the radical left, descendants of the New Left Radicals of the 1960’s. Writing at The Corner, McCarthy says this:
I hear Republicans getting giddy over the fact that “reconciliation,” if it comes to that, is a huge political loser. That’s the wrong way to look at it. The Democratic leadership has already internalized the inevitablility of taking its political lumps. That makes reconciliation truly scary. Since the Dems know they will have to ram this monstrosity through, they figure it might as well be as monstrous as they can get wavering Democrats to go along with. Clipping the leadership’s statist ambitions in order to peel off a few Republicans is not going to work. I’m glad Republicans have held firm, but let’s not be under any illusions about what that means. In the Democrat leadership, we are not dealing with conventional politicians for whom the goal of being reelected is paramount and will rein in their radicalism. They want socialized medicine and all it entails about government control even more than they want to win elections. After all, if the party of government transforms the relationship between the citizen and the state, its power over our lives will be vast even in those cycles when it is not in the majority. This is about power, and there is more to power than winning elections, especially if you’ve calculated that your opposition does not have the gumption to dismantle your ballooning welfare state.
Dennis Prager is another voice making a similar argument. Pointing out that leftists are True Believers, Prager says:
Leftism is a substitute religion. For the Left, the “health care” bill transcends politics. You are fighting people who will go down with the ship in order to transform this country to a leftist one. And an ever-expanding state is the Left’s central credo.
On a more hopeful side of this debate is Ed Morrissey of Hot Air with the central question: Are Democrat’s Choosing To Run Off The Cliff With Obamacare? First, Morrissey concedes that McCarthy has a point. A party in power that is run by zealots might choose to ram through their fundamental plan to remake the entire relationship between citizen and state, and accept defeat in the next election as an acceptable trade-off. Especially if they assume the Republicans, even after they regain power, don’t have the scones to repeal it.
But Morrissey finds weakness in that argument:
However, that would require all of the politicians of that party to follow suit, and that’s where the Democratic leadership has a big problem. They didn’t gain the majority by elect[ing] over 300 cardboard cutouts of Nancy Pelosi as Representatives and Senators. While Andy is spot-on about Pelosi and her clique being descendants of the New Left radicals of the 1960s (as is Barack Obama), that’s not true for a large portion of their caucus, especially those representing red districts and red states. Not only is political suicide much more likely for them than it is for Pelosi, Anthony Weiner, Jarrold Nadler, et al, they’re temperamentally different from the leadership clique as well.
That doesn’t mean that they can’t get bulldozed into compliance, but it does make it a more difficult proposition for Pelosi to hold her caucus together. We’re already seeing signs of it splintering [Pelosi Losing Grip On The House?] and as this effort gets closer to the midterm elections, that will increase proportionately. Blue Dogs are already unhappy with the direction of ObamaCare — and so are progressives, but for diametrically opposed reasons. The summit may have helped to pull recalcitrant moderates in line, but Democrats got punked at the televised spectacle and have no fig leaf to wear to support a radical mechanism in pushing through a radical bill.
Andy may be right that Democratic leadership has made the decision that political oblivion is an acceptable cost for a one-time remaking of America that Republicans will find difficult to reverse in the next session. However, I suspect that this strategy doesn’t account for the fact that the people who will actually have to end their careers may not appreciate getting forced into marching off a cliff while the leadership stays safely in their rear-echelon bastions of San Francisco and New York City.
There is a twist to this that I have heard. Some Democrats may believe that by giving up on Obamacare the radical left base of the Democrat party may be too disillusioned to vote in November. They may therefore believe that passing Obamacare, while it will devastate them in November, may be better for them because the losses will not be as bad so long as the radical left faithfully shows up at the polls.
I disagree with this take because it ignores history and the fundamental differences between Republican voters and True Believers on the left. Republicans voters do have a long history of staying home on election day whenever they are dissatisfied with the Republican candidates. No such thing exists to any great extent on the radical left. That is where the term “yellow dog” comes from. No matter how much a true believing leftist hates the current Democrat candidate, he or she hates the Republican more. That person would vote for an old yellow dog before any Republican. Nor will that person sit out the election knowing that it will help Republicans. Defeating Republicans is always first and foremost with the radical left.
Democrat politicians know this. That’s why they just passed an extension of the Patriot Act, and Obama quietly signed it this morning, even though their radical left base will be livid about it.
Kevin McCullough is a columnist who predicted Obama’s election to the White House a year before it happened. McCullough has followed Obama since he was first noticed as a community agitator in Chicago. McCullough’s column today is titled Why Obama’s Great Bet Will Fail.
It’s a fascinating debate. Well, it would be if it were not so disgusting. If it’s true that Democrats are now operating in the mode of the Japanese Army at Saipan, it could get bloody. The next six weeks will tell.
“We’re IN the Moneeeey…..Come ON, Honeeeey….. We never see headlines or redlines…..and when we see the landlord we look that guy right in the eye…We’re IN the Moneeey…Come ON Honeeey…”
This interactive unemployment map of the United States shows the growth of unemployment from January, 2007 through December, 2009, on a county by county basis for the entire country.
Fade to Black.
From Reason TV:
See the post below [Economic Freedom in the United States] for the disastrous consequences this idiocy is having on our economic freedom.
Here is a cynical depiction of the State of Obama. If you find it humorous remember that humor, to actually be funny, must contain a grain of truth.
During his presidential campaign he refused to hold his hand over his heart during the national anthem:
And as President shows the same lack of respect for our flag:
(Click each photo to enlarge)
And now he whines about inheriting a $400 Billion deficit from George W. Bush while he has increased the deficit to $1.6 Trillion.
The video is at Real Clear Politics. Watch it and decide for yourself. I think he has done this too often for it to have an innocent explanation. It’s his trademark now. He did it to Hillary quite clearly, and the audience laughter made clear that they understood it. He did it to McCain during the campaign. There are other times when he’s done it. I think he did give the GOP the finger, and that makes him an adolescent in an adult’s body. It shows his utter disrespect for anyone he perceives to be his enemy, and that is a long list.
After posting record losses in 2008, Ford posted a $2.7 billion profit for 2009, the Detroit Free Press reported.
This was a stunning improvement of $17.4 billion from that loss of $14.7 billion in a single year.
That was without the $50 billion taxpayer subsidy that GM received. The tax subsidy — bailout — is unconstitutional and contrary to the international trade agreement promises that the United States has made to avoid subsidized automobiles.
“Ford, which has been criticized by the UAW for reinstating merit pay and other benefits for its salaried workforce, also said Thursday that it will pay profit sharing to 43,000 eligible U.S. hourly employees,” the Detroit Free Press reported.
Checks of $450 each will go out in March. The bailout cost every person in the United States $167.
I’ll never buy a Government Motors car. I always liked Fords anyway.
Commenter Imacyborg at YouTube
There’s no such thing as government job creation. The government has no money, only the money it takes from the private sector. Every time the government extracts resources from the private sector, it destroys productive private sector jobs in favour of unproductive government jobs.
Obama Explaining to George Stephanopoulos that he overestimated the ability of us schlubs to understand all the good things he has been doing for us. We are just dumber than he thought we were so he’ll have to give another 400 speeches so we’ll finally get it.
Mark Steyn offers his analysis in Too Much of a Bad Thing:
So what went wrong? According to Barack Obama, the problem is he overestimated you dumb rubes’ ability to appreciate what he’s been doing for you. “That I do think is a mistake of mine,” the president told ABC’s George Stephanopoulos. “I think the assumption was if I just focus on policy, if I just focus on this provision or that law or if we’re making a good rational decision here, then people will get it.”
But you schlubs aren’t that smart. You didn’t get it. And Barack Obama is determined to see that you do. So the president has decided that he needs to start “speaking directly to the American people.”
Wait, wait! Come back! Don’t all stampede for the hills! He only gave (according to CBS News’s Mark Knoller) 158 interviews and 411 speeches in his first year.
So, not enough interviews. We who are slow to catch on need to have it all explained to us a few more times. Steyn continues:
But what will the president be saying in all these extra interviews? In that interview about how he hadn’t given enough interviews, he also explained to George Stephanopoulos what that wacky Massachusetts election was all about:
“The same thing that swept Scott Brown into office swept me into office,” said Obama. “People are angry and they’re frustrated, not just because of what’s happened in the last year or two years but what’s happened over the last eight years.”
Got it. People are so angry and frustrated at George W. Bush that they’re voting for Republicans. In Massachusetts. Boy, I can’t wait for that 159th interview.
Folks, our country is in the hands of a man/child that lives in a fantasy world of his own.
At a rally for Coakley in Boston, Obama mocked Scott Brown for driving a pickup truck (only “bitter clingers” drive pickups) and called him a “lockstep Republican,” but didn’t create much excitement, apparently.
UPDATE: 10:05 P.M. ET Brown 19 points ahead of Coakley on Intrade. Brown selling at 59, Coakley selling at 40.
From Fox News:
But Sunday’s rally was not the typical Obama function. The hall where they gathered was only partly filled, and supporters standing behind the guests of honor appeared caught off guard as an abortion protester and a young boy accompanying him were removed from the building.
With polling — and momentum — seemingly breaking toward Brown, he has become the target of a scathing attack ad that accuses him of wanting to turn rape victims away from hospitals because as a state senator he supported a conscience clause that would have allowed medical workers to refuse to give “day-after” pills to end pregnancies.
Since taking office a year ago, Obama’s track record for helping other Democrats hasn’t been stellar. He campaigned hard for New Jersey Gov. Jon Corzine who ran for re-election last year and in Virginia for Creigh Deeds, the Democratic nominee to replace outgoing Democratic Gov. Tim Kaine. Both lost.
I don’t think Obama accomplished his goal today. Brown is up 10 points in the Intrade Prediction market from where he was before the Coakly-Obama Rally.
Here is a video of Carl Cameron of Fox News shortly before Obama arrived:
Now that the Obama rally for Coakley is over and doesn’t appear to have done her much good, this video is awesome and deserves another look:
Check this one out also: MASS HYSTERIA, Part Two: Brown’s Momentum Builds, Coakley’s Desperation Grows
The One To Arrive This Afternoon With His Magic Wand And Save The Democrats From The Mongol Hoards, i.e., The People
The One We Were Waiting For, His Majesty Obama, Most Merciful, will arrive this afternoon to sprinkle pixie dust and save Massachusetts from Scott Brown and preserve it for SEIU, ACORN, The New Black Panthers, AARP, Big PHARMA, NPR, MSNBC, CNN, NBC, CBS, ABC, The Boston Globe, The Brothers Bulger, and most important of all…….The Kennedy Seat! The Democrat seat!
Meanwhile, the people who think it is their seat, will continue on, to victory. The ones I’ve talked to (4) say there is something in the air. Something you can feel, but shouldn’t talk about lest you jinx it. So I’ll say no more about it.