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Sanity -> Obama's Legacy: (8/29/2011 7:34:57 AM)
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Great Forbes article
Best line -
Obama himself said, “…that after three years, if the economy wasn’t fixed he should be a one-term president.”
quote:
Obama's Legacy: A Failed Recovery & Double-Dip Recession
There will be no significant recovery in the United States of America while Barack Obama is President. The evidence is overwhelming: everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed. Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer Americans have jobs than before the stimulus.
Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them. He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW. His broken campaign promises are too numerous to list. At some point, his statute of limitations on blaming Bush runs out. The latest joke is that the White House is that named the location of East Coast earthquake near DC “Bush’s Fault.”
Obama himself said, “…that after three years, if the economy wasn’t fixed he should be a one-term president.” Clearly the economic malaise started on George W. Bush’s watch. Its causes will be argued for decades, but most of them are traceable to irresponsible lending and excessive spending— both by government and the American people. The trouble that started before 2008 is directly traceable to actions (or inactions) of Bush and GOP allies in Congress. They spent America into the start of the current deficit during his eight years in the White House.
But that was then, and this is now. Since Obama took office the situation has gotten much, much worse.
Full article here
Theres also this little tidbit:
quote:
AP-GfK Poll: Obama faces trouble with key voters
WASHINGTON (AP) — Whites and women are a re-election problem for President Barack Obama. Younger voters and liberals, too, but to a lesser extent.
All are important Democratic constituencies that helped him win the White House in 2008 and whose support he'll need to keep it next year.An analysis of Associated Press-GfK polls, including the latest survey released last week, shows that Obama has lost ground among all those groups since he took office. The review points to his vulnerabilities and probable leading targets of his campaign as he seeks to assemble a coalition diverse enough to help him win re-election in tough economic times.
In his victory over Arizona Sen. John McCain, Obama cobbled together a base of support from across the political spectrum by wooing Democratic loyalists as well as independents and first-time voters.
This time, Obama's team is working to build voter outreach organizations and reconnect with supporters in hopes of expanding his pool of voters.It's no easy task.
The nation's high unemployment is weighing on Obama, dragging down his marks for handling the economy. His overall standing has slid, too, after a difficult summer marked by contentious negotiations over the country's borrowing limit, a downgrade of the nation's credit rating and concerns about the U.S. falling into another economic recession.
The poll shows that 46 percent now approve of how he's doing his job, down from 52 percent in June.Obama will have to win over people such as Brian Arnold, 33, of Pickerington, Ohio. He's an independent who voted for Obama in 2008 because he liked the Democrat's outsider image.
Now, Arnold says he's undecided and down on Obama. "He got elected, it was a big party and after that he went back to being a politician. As soon as he got in office, he just did more of the same."
Full article here
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