The Economy Belongs Entirely To Obama And His Fellow Leftists

When Obama passed his $787 billion stimulus (which was actually a $3.27 TRILLION pig), the economy became his.

He promised us that he knew what to do, that he could fix everything and make it all better.  His administration assurred us that if his stimulus was passed, the economic stimulus would prevent unemployment from rising above 8 percent.” Now that it is at 9.5% and rising, it is clear that Obama was entirely wrong about how to help the economy.

Amazingly, the in-the-tank-for-Obama mainstream media has turned the rising unemployment rate into a positive, claiming again and again that souring unemployment figures (and virtually every other bad news item) wasn’t as bad as predicted.  Really?  I remember when the “experts” were predicting that unemployment wouldn’t rise beyond 8% if the stimulus passed.  And yet now “some economists say the nation’s jobless rate could rise as high as 11 percent by the summer of next year,” according to the Associated Press.

And as we comprehend that reality, it is important that we realize that the Congressional Budget Office predicted that unemployment would only go to 9% by 2010 if we had done absolutely nothing.  It’s not enough to say that Obama was wrong about the impact his economic program would have on the economy; he was wildly wrong about it.  And it’s not enough to say that Obama’s economic agenda didn’t help the economy; it has HURT the economy.

Let me explain part of what is going on by citing the results of a poll of chief executive officers from October of last year:

Chief Executive Magazine’s most recent polling of 751 CEOs shows that GOP presidential candidate John McCain is the preferred choice for CEOs. According to the poll, which is featured on the cover of Chief Executive’s most recent issue, by a four-to-one margin, CEOs support Senator John McCain over Senator Barack Obama. Moreover, 74 percent of the executives say they fear that an Obama presidency would be disastrous for the country.

“The stakes for this presidential election are higher than they’ve ever been in recent memory,” said Edward M. Kopko, CEO and Publisher of Chief Executive magazine. “We’ve been experiencing consecutive job losses for nine months now. There’s no doubt that reviving the job market will be a top priority for the incoming president. And job creating CEOs repeatedly tell us that McCain’s policies are far more conducive to a more positive employment environment than Obama’s.”

Disastrous for the country.” That doesn’t sound good.  And that’s about as optimistic as the CEO’s got about a Barack Obama presidency.  The artcle continued:

“I’m not terribly excited about McCain being president, but I’m sure that Obama, if elected, will have a negative impact on business and the economy,” said one CEO voicing his lack of enthusiasm for either candidate, but particularly Obama.

In expressing their rejection of Senator Obama, some CEOs who responded to the survey went as far as to say that “some of his programs would bankrupt the country within three years, if implemented.” In fact, the poll highlights that Obama’s tax policies, which scored the lowest grade in the poll, are particularly unpopular among CEOs.

Bankrupt the country within three years.” There.  You wanted socialism, now you’ve got it it.  And I hope you choke on it.  “Spread the wealth around” so that country itself ultimately becomes as broke as the defaulting homeowners we keep hearing about.  Take wealth away from the productive and keep giving it to the unproductive until there is no more wealth.  Period.

The Chief Executive Officers were very clear in their assessment: an election of Barack Obama would result in an economic disaster.

Now we’ve got exactly what they feared.

And Obama has not yet begun to ruin our economy.  He’s going full steam ahead on a disastrous health care takeover.  He’s going full steam ahead on a cap-and-trade plan that will cap productivity and trade prosperity.

Smart money knows that Obama policies will be to the economy what a plague of locusts are to agriculture.  And the smart money doesn’t want any part of it.

A Politico article from last October sounded another future gong of despair:

“We’re getting a lot more questions about the Senate than the presidential [race],” Lieber said, “because there’s almost nobody on Wall Street right now who believes McCain’s going to win.” A filibuster-proof Democratic majority (three-fifths of the chamber, or 60 senators) would not be well received by Wall Street traders, he added.

Welcome to economic hell.

The Democrats are in complete control.  The economy is theirs.  While the mainstream media continue to allow Obama to blame everything – including the result of his own policy failures to turn anything around as he predicted he could – on George Bush, the Democrats are in total control.  Just please forget the fact that both the House and the Senate were in Democrat hands when things went from quite good to seriously downhill during the last two years of the Bush presidency.

The last time the Democrats had this much control was 1978.  And things turned out just marvelous back then, too.

Tragically, I believe that in the coming years, we will look back even to the dreadful Carter years with fond affection.

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