Apr 14 2011
O-Bomba!
Yesterday’s speech by our Follower-in-Chief on the budget was a disaster. If he wanted to establish his 2012 campaign, he basically torpedoed it. He is well on the way to becoming a one term President like Jimmy Carter – one the country barely survived economically.
He was not enlightening or optimistic. He kept babbling on and on about “his America” and how he would not allow any other version of America to see the light of day. He ignored the fact that his calls for spending cuts and tax reform where so vague they could encompass the Ryan/GOP plan. He whined, through insults and stomped his foot.
Mr. Obama did not deign to propose an alternative to rival Mr. Ryan’s plan, even as he categorically rejected all its reform ideas, repeatedly vilifying them as essentially un-American. “Their vision is less about reducing the deficit than it is about changing the basic social compact in America,” he said, supposedly pitting “children with autism or Down’s syndrome” against “every millionaire and billionaire in our society.”
As someone said, the President ran amok with false-choice straw men and then proceeded to fire bomb is fanciful creations. If the President thinks the minority of sad saps who don’t get the fact that the successful in this country pay 44% of the taxes which supply the safety net he has put at risk with his mad spending will out number the hard working, tax paying, budget balancing voters he is mistaken. The number of people who buy the President’s ever more shrill cries is shrinking rapidly.
The President does not understand his political capitol is spent and he is now just expanding the backlash against him. Two things polls show over and over again is the fact America does not want juvenile finger pointing like this, and they want the government on a fiscal diet. Neither demand was addressed by the President, and in fact he insulted all those clamoring for professional civility and sanity in the DC partisan fevered swamps.
Obama’s poll numbers are already drifting downward across the board. And has his clout dissipates his party fractures and the centrist Dems will begin to make their wishes known in no uncertain terms. Right now every long term Democrat pondering retirement in the Senate sees a last opportunity to use their clout to gain progress on their deepest felt issues. Watch the deals begin to fly now that the President as moved himself to the far left – and alone.
Update: A new AP poll shows just how out of touch our inexperienced President truly is with the voters:
Voters prefer spending cuts to tax hikes by a 62/29 margin, a much more significant divide than between those who believe their tax levels to be fair or not
Clearly Obama is on the wrong side of history and falling further behind by the day.
This would be a very good time for a charismatic Republican like Reagan to emerge. And quite frankly, I wish that we have a very good charismatic Republican with very sound principles, morals, and all at this point.
Herman Cain is one of them but the GOP establishment isn’t looking at him. Think that may be a mistake.
AJ, it’s funny that both of us came to the same conclusion last night…that Obama is doing the same things that Carter did, which led to his one term presidency.
I wonder if we will soon see the long gas lines by summer time. In fact, I think that it may be a very good idea to start seeing LONG gas lines while waiting to pay five bucks by Memorial Day, then six bucks by Labor Day.
I’m just repeating what wwws said about the need for an economic collapse.
DrudgeReport now says JOBLESS CLAIMS RISE; INFLATION PRESSURE GROWS
Are we seeing the beginning of a double dip of a recession?
AJ, some of the democrats in Congress are still with him.
Lurker, from what I am reading there are signs the recovery is stalled. No double dip, just no path back to ‘normal’.
And while there will always be a few stubborn Klingons to any lost cause, Obama’s numbers are beginning to show serious erosion. I saw a poll yesterday from AP or something where Obamacare support is down to the mid 30’s.
Obumbler didn’t put out a plan yesterday, he put out an Anti-American rant. It was just an anti-Ryan plan. And as I listen to members of the House this morning try to defend him, it is just pathetic.
His plan was to raise taxes and kill the military. That’s it.
Lurker, I asked before, would you tell us about what is so appealing about Cain? I don’t see it. He seems to be the darling of Affirmative Action.
As I have said, Ryan seems to have his head screwed on straight, but he suffers from one of the serious deficiencies that Obumbler does. Lack of experience.
Trump seems to be the only Republican with sufficient experience and that has a belief that America can be great again.
AJ: edit alert capitol should be capital.
It is ironic that the last Potus has a book called Decision Points and all this guy can do is finger point. Great contrast.
The problem with the idea that the economy is just “stalled” – for right now, it appears that way, BUT that is an unsustainable situation. Here’s why:
consider the natural population growth int his country of about 2% – 3% per year. That means you *have* to have economic growth of at least 2% – 3% per year *just to break even*!!!
Without that, with “stagnant” economic growth of 0% – 1% the number of unemployed grows each year and the negative effects of this compound throughout the economy. (and lying about the number of unemployed does nothing to solve the real world problems this causes)
Also: remember the “housing bomb”? A huge number of homeowners are still “underwater” – we needed economic growth to raise housing prices and bail them out before they gave up and defaulted, but we’re not getting it. And now that legal issues are being resolved a new wave of long postponed foreclosures – millions of them – are about to be processed, which will drive home prices down again and put even more people at risk of default. We had a brief window of time in which we could have fixed this before it blew up in or faces – now that time is up.
We could also go into the Pension Bomb, the entitlements bomb, the inflation/oil price bomb, the collapse of the dollar bomb. etc – point being, economic growth was the ONLY chance we had of getting to a sustainable position before these began to hit. With no growth, the day these begin to go off sequentially becomes inevitable, and that day is now much closer than any of us like to think.
It could even begin this summer.
btw – Gold is soaring to an all time high today, Silver is close behind. Oil looks like it will follow, as are most other commodities.
These are not isolated instances, and they are not just some speculators playing games. These are the markets making a judgment that the Dollar is about to collapse because of a political failure of will in the United States
For those into the math, graph out gold and silver for the last few months. You will see the beginnings of a rising hyperbolic curve. THIS is what $1.5 trillion in deficits each year looks like, THIS is where the price for that kind of profligracy must be paid!
How long before the increases become truly hyperbolic? No one knows, but the Markets are starting to say: Much less time than you think.