Thursday, July 30, 2009

It's The Economy, Stupid

I'm going to quote, well, paraphrase actually, a guest I heard on talk radio this morning. I have absolutely no idea who it was; I don't have a name. I was only in my car for five minutes. But is was a fascinating analysis that I thought was insightful and completely correct.

This unknown guest said that President Obama's problems with his Health Care Plan wasn't really caused by the health care proposal. Instead it was caused by the rapidly declining economy and the President's huge over promise when he pushed through Nancy Pelosi's stimulus bill.

President Obama put the maximum pressure on Congress to pass the bill quickly, so quickly that no one actually read the bill. He warned of dire consequences if the bill waited even a day. And he made grandiose predictions of a quick recovery and limited unemployment. Numerous speeches were made and numerous promises were laid out before the American People, including how Joe Biden was going to personally watchdog the spending to make sure it happened quickly and there would be no waste.

Among the many people who never read the bill was President Obama himself.

In effect, Congress and the American People went out on an $800,000,000,000.00 (eight hundred BILLION dollars) limb for the President and he has failed utterly and completely.

In spite of some reporting so stupid it literally defies belief, the economy is not recovering. It is in shambles. Unemployment is skyrocketing. And the stimulus is not working....... at all.

Now, many of us knew the grab bag of political greed, waste, paybacks and payoffs that Nancy Pelosi called a "Stimulus Package" was doomed to failure from the beginning. But we hoped for the best.

But today, faced with misuse of funds,
government lies of epic proportions, waste, fraud and inefficiencies, Obama's credibility is shot. The people no longer believe him. Never has a President spent his political capital so quickly.

The unknown talk radio guest stated that the real problem in Congress wasn't Health Care, it was the economy. If the economy had responded as Obama had so boldly promised, passing Health Care would be a breeze and every other proposal would be a breeze.

But now it's the President himself who is facing hurricane force winds of change. And it's his agenda that needs a stimulus.

The following information was helpful to me in the preparation of today's essay:

Associated Press: 'Help Wanted' counting stimulus jobs

Lee's Tidbits: Oregon Stimulus jobs created? 3,236 in first three months

Gallup Daily Tracking Poll: Obama Hits New Low

Rasmussen Poll: 49% of Americans Say America's Best Days Have Come and Gone. Obama's Approval Falls to Only 48%

Associated Press: May-June joblessness up in 90 pct of metro areas

Fox News: Stimulus Dollars Fund Erotic Film, Stage Show Yes, I know it's Fox News. And yes, I know it's a very tiny part of the stimulus funds, but this is exactly the kind of thing that just kills Obama's credibility. You would think that the Federal Government would have learned that lesson long before this. This was a bone headed, stupid mistake.


Vigilante said...

I'm in that percentage who believe that our once-great country's best days are behind us, but I would not attribute it to the 44th POTUS.

Lee said...

President Obama celebrated his 48th birthday yesterday, but instead of being showered with gifts, he handed the American people the biggest present of all: one trillion dollars in new debt.

Since Obama was inaugurated in January, the national debt has grown over one trillion dollars to a whopping $11.669 trillion. In contrast, it took 2.5 years to add $1 trillion in debt during the last administration.

Yeah, you would not attribute it to Obama. Not until MSNBC says so...