June 8, 2011 12:00 A.M.
It’s Obama’s Economy, Stupid
No president “runs” the U.S. economy, but this president talks like he does.
Now, my administration has a job to do as well, and that job is to get this economy back on its feet,” President Obama declared on July 14, 2009, in Warren, Mich. “That’s my job, and it’s a job I gladly accept. I love these folks who helped get us in this mess and then suddenly say, well, this is Obama’s economy. That’s fine. Give it to me.”
OK. It’s yours.
The unemployment rate then was 9.5 percent. It’s now 9.1 percent, well above the 8 percent cap that the administration’s advisers projected under the stimulus bill. But that’s not the amazing part. According to a White House report written by economic advisers Jared Bernstein and Christina Romer in January 2009 in support of the bill, if we had passed no stimulus package at all, the unemployment rate would have topped out at around 8.8 percent in the last quarter of 2010.
Instead, we got Obama’s vital “investments.” Since his speech in Warren, we’ve spent another $2.8 trillion in borrowed money. Presumably, we could have cut the unemployment rate by four-tenths of a percentage point more cheaply than that?
Meanwhile, we’ve accrued a total of $3.7 trillion in debt on Obama’s watch, while losing 2.8 million jobs. That doesn’t sound ideal either.
But what do I know?
The more salient point is that Obama acts like he knows everything. From Day One, this White House has been cocksure about how to get us out of the economic ditch. In every major relevant speech, Obama has stuck with a consistent message: We know what to do and the Republicans don’t. “I will not sacrifice the core investments we need to grow and create jobs,” Obama insisted yet again in his April budget speech.
So what does this guy have to do to get the blame for the bad economy? Mark Halperin, an analyst for MSNBC and Time magazine, was asked on the Today show over the weekend about the political impact of the bad economy. He assured viewers that the president was totally engaged in the need for job creation. “The Republicans, though, have the onus on them to come forward with some ideas. The president’s ideas are still a little bit up in the air.”
A little bit up in the air? They’re in concrete. From his April 14, 2009, “New Foundation” speech at Georgetown University to his latest campaign stop, Obama has insisted he knows exactly what he’s doing. He stands by “Obamacare” as a boon for the economy. He still sees the “green revolution” — and all the crony capitalism that comes with it — as the solution to our woes. (That’s why he nominated John Bryson, a former utility CEO, subsidy-seeking entrepreneur, and environmental activist, to be his next commerce secretary.)
But is there any evidence it’s helped create jobs? Consider that when President Reagan oversaw a huge jobs boom, the media recycled the untrue claim that these were all low-paying “hamburger flipper” jobs.
Well, McDonald’s alone may be responsible for a quarter to a half of the new jobs created in the last month. And that hiring probably wouldn’t have happened if Mickey D’s hadn’t been given a waiver from Obamacare.
And then there’s the stimulus, which the White House still touts as an unqualified success. Well, during Obama’s first year in office, more than half (119,000) of all the new jobs in the United States were created in business-friendly Texas, according to the Bureau of Labor Statistics. If Obama created those jobs, why’d he put so many of them in, of all places, George W. Bush’s home state?
No president “runs” the U.S. economy, but this president talks like he does more than any I can remember. And yet, none of his economic promises or predictions has panned out. (Remember the long, hot “recovery summer” when 250,000 to 500,000 new jobs a month that the vice president promised turned out to be mirages?)
How does the media react? Not by taking him at his word when he says he wants it to be “Obama’s economy.” Instead, they’re ferociously truth-squadding Sarah Palin’s comments on Paul Revere and following her bus around like they’re in a remake of It’s a Mad, Mad, Mad, Mad World.
And maybe it is.
Posts Tagged ‘ditch’
[The above title derives from a quip made by Newt Gingrich on the Greta Van Susteren program, for what it’s worth].
Unless “hope and change” meant total Democrat annihilation (which it does for me, anyway), I would submit that something went wrong on Obama’s trip to Utopia.
There was a cartoon from months ago that pretty much summarized the election results from November 2:
And the American people – and most certainly conservatives – tried to warn them. Repeatedly.
Remember Virginia? When Republican Bob McDonnell won the governorship in a major setback to Obama? Remember Massachusetts? And the shock defeat by Republican Scott Brown to win Ted Kennedy’s seat? Remember New Jersey? Where Chris Christie defeated Obama-backed Jon Corzine with independents running away from Democrats to give Republicans the governor’s mansion in the bluest of blue states? Remember all the town halls across the nation? Where senior citizens were red-faced furious at Democrats for passing ObamaCare? Remember the tea party events across the country? And how they just kept getting bigger and bigger even as the Democrats and the mainstream media first ridiculed them and then demonized them?
Meanwhile, now former House Majority Leader Nancy Pelosi assured everyone that Democrats would keep control of the House. And assured them “for sure.” And daring Republicans to “bring it on” in the process. And kept assuring. And then assuring some more.
And it wasn’t just Nancy Pelosi who lived in a bubble. Lots of prominent Democrats did. Such as DNC chairman Tim Kaine, who was predicting Democrats would keep the House of Representatives only days ago.
And, of course, Democratic Congressional Campaign Committee Chairman Chris Van Hollen joined San Fran Nan the very day of the election to loudly assure the world that the Democrats would keep their dominance in the House.
And, even after the admitted shellacking, Barack Obama demonstrated loudly and clearly today that he STILL doesn’t get it.
I don’t know if Obama and Pelosi cared one way or another; but Democrats were slaughtered for the sake of Obama’s incredibly unpopular agenda. Obama kept using the metaphor of a car and a ditch, but no matter how many “Danger, Bridge Out!” warning signs he passed, he refused to change his course as he drove his party right off a cliff.
It was not just a slaughter; it was a historic slaughter:
WASHINGTON — Republicans rolled up historic gains to seize control of the House on Tuesday, as voters disenchanted with the economy, President Obama and government dealt a strong rebuke to Democrats in every corner of the country.
The GOP ousted Democratic freshmen and influential veterans, including some considered safe just weeks ago. Republicans piled up their biggest House gains since they added 80 seats in 1938: By early Wednesday, they had netted 60 formerly Democratic seats and led in four more. The GOP victory eclipsed the 54-seat pickup by the so-called “revolution” that retook the House in 1994 for the first time in 40 years and the 56-seat Republican gain in 1946.
And it’s actually even worse than that. Because the most recent counts show that Republicans have seized 64 seats from Democrats. With more elections still not yet called, that could well add to the number.
What we just witnessed was the biggest pick up by any party in any election since 1932.
Here’s the latest political map. For you liberals, you are the ones who are now so marginalized you practically might as well not even exist:
I mean, literally, I have more legitimate grounds to deny the existence of liberals than I do the Tooth Fairy right about now.
And just two years ago you so incredibly arrogantly ruled the universe. And you were lecturing Republicans on the extinction of the Grand Old Party.
You were a ship of fools, captained by even grander fools.
But it gets even worse. Because we haven’t talked about the governor’s races yet:
Governors-Stunning loss for Democrats
Published in November 3rd, 2010
America changed overnight in a very big way. Based upon election results at this moment, sixty percent of our country will now be led by Republican Governors. That number may grow as a few states with uncertain election results are solidified.
Yesterday, there were 37 Governor’s races and Republicans won 24 of them. Democrats took only nine, Independents took one and three are too close to call at this moment (Connecticut, Minnesota and Vermont).
This is an absolutely stunning loss for Democrats who, prior to the election, held 26 states to the 24 held by Republicans.
The balance of power has shifted and this will impact the 2012 elections as well as redistricting that will occur in each state as a result of the 2010 Census.
But as bad as that is, it gets even worse than that. We’re talking about complete devastation for Democrats in the state legislatures, where Republicans picked up a never-seen-in-history 680 state legislative seats. In doing that, they gained majorities in 14 states, and unified majorities (gaining control in both branches) in 26 states.
From the National Journal:
While the Republican gains in the House and Senate are grabbing the most headlines, the most significant results on Tuesday came in state legislatures where Republicans wiped the floor with Democrats.
Republicans picked up 680 seats in state legislatures, according to the National Conference of State Legislatures — the most in the modern era. To put that number in perspective: In the 1994 GOP wave, Republicans picked up 472 seats. The previous record was in the post-Watergate election of 1974, when Democrats picked up 628 seats.
The GOP gained majorities in at least 14 state house chambers. They now have unified control — meaning both chambers — of 26 state legislatures.
That control is a particularly bad sign for Democrats as they go into the redistricting process. If the GOP is effective in gerrymandering districts in many of these states, it could eventually lead to the GOP actually expanding its majority in 2012.
Republicans now hold the redistricting “trifecta” — both chambers of the state legislature and the governorship — in 15 states. They also control the Nebraska governorship and the unicameral legislature, taking the number up to 16. And in North Carolina — probably the state most gerrymandered to benefit Democrats — Republicans hold both chambers of the state legislature and the Democratic governor does not have veto power over redistricting proposals.
It wasn’t just a power shift; it was a historic power shift. It was a massive repudiation.
Now, for all of that butt-kicking of the Democrats and the Democrat agenda, how did the mainstream media react? Predictably.
I turned the channel from reliable, trustworthy Fox News to MSNBC and CNN. It was comical. From their coverage, you’d think that the entire election consisted in Harry Reid’s, Barbara Boxer’s, and Jerry Brown’s Democrat victories.
Barack Obama’s own Illinous Senate seat will now have a Republican’s butt-print all over it. That personalizes this ass whipping; Obama couldn’t even hold on to his own seat – even after all the previous shenanigans Democrats tried to pull. And Republicans snatched at least five other Senate seats from Democrats. But how about that Harry Reid win?
Laugh, liberals. Laugh hysterically. Laugh until you fall down and pass out.
Because you’re butt-kicking is just getting started. From Politico:
If Senate Democrats think 2010 is a tough cycle, just wait two more years.
They’ll probably hold the Senate majority Tuesday — with a couple of seats to spare, most analysts believe. But 2012 is a different story.
By then, Republicans will be poised to take control of the Senate — with pickup possibilities scattered across the map and a much narrower base of their own to defend.
It’s not simply the lopsided mathematics — with at least 21 Democratic seats on the table in 2012, including two independents who sit with the Democrats, compared with 10 Republicans. It’s where the seats are located.
Start with Democratic seats in three states where President Barack Obama lost in 2008: Nebraska, North Dakota and Montana.
Then go down a list of where Democrats are poised to lose Senate battles this year — Ohio, Florida and Missouri, for example — and Democrats will be right back at it in 2012, defending seats there again.
Throw in some bona fide tossup states — Virginia and New Mexico — and it’s pretty hard not to picture Republicans picking off the handful of seats needed to take control, if Tuesday goes as well for the GOP as experts expect.
For the official record, Republicans won all three of those Senate battles in Ohio, Florida and Missouri.
The really funny thing is that not winning the Senate during a tough economy is actually a blessing in disguise for Republicans – who never had much more than a halfway decent chance at best to capture the Senate this year.
Obama could have run against the Republican-owned Congress, the way Bill Clinton was able to do against Republicans after they took control of both branches in 1994.
Instead, poor one-term Barry will have Harry Reid wrapped around his neck like an albatross in two years. As all those Republican governors use the power of their offices to make sure he’s a one-term president. Even as they supervise the redistricting to make it tougher for Democrats to make any kind of a comeback.
The Republican House doesn’t even have to do much, really. All they need to do is vote on popular measures: the repeal of ObamaCare; permanently extending the Bush tax cuts for everyone; capping spending at 2008 levels; maybe ending the earmark process. And if Democrats in the Senate don’t pass it, well, doom on the Democrats in the Senate.
I think of it as a beautiful case of poetic justice and dramatic reversal wrapped into two election cycles, a story where Dorothy gets to say to the wicked witch of the West (and that’s Nancy Pelosi, not Christine O’Donnell), “I’ll get you my ugly, and your little messiah too!”
Absolutely everything that the most über-hard-core conservative commentators (such as Rush Limbaugh) have said about Barack Obama has come to pass exactly as they predicted. The corrupt Chicago community organizer was totally unqualified and unprepared for the presidency, and he has proven to be a total disaster and disgrace to his own political party, along with America.
The worst thing that ever happened to the Democrat Party – to go along with the United States of America – was the election of Barack Obama. And Republicans aren’t going to let Democrats forget it. And I’m talking for years to come.