There’s an article on how to spot the warning signs of a tsunami. Point #3 says:
Watch. If there is a noticeable and rapid fall in the water and it’s not time for low tide, head inland immediately. Think of how waves work: water first pulls back, then returns with force. An excessive or unusual retreat of water in the ocean is the biggest indication of a tsunami. Many people died in the Indian Ocean tsunami because they went to observe the bare sea floor after the ocean retreated.
That’s your Democrat Party for you. They’re looking at the bare sea floor after the ocean retreated, too short-sighted to see the huge building wave in the horizon, too uncomprehendingly stupid to change and move to safer places.
So they keep spending more, and more, and more, and demonizing Republicans because they aren’t willing to recklessly spend. And they demagogue on issues like the Arizona law and the Ground Zero mosque, attacking Republicans who have staked their ground on positions that the American people overwhelmingly agree with them on. And of course there’s ObamaCare, which was hugely unpopular from the start to the finish, and yet Democrats used every godawful and corrupt means imaginable to ram down our national throats.
Ignorance is bliss, until that giant wave hits you like a billion freight trains.
Scared Monkeys ran this block quote from an article in the New York Times, mocking the liberal paper for finally figuring out that Democrat control of Congress was genuinely at risk:
Representative David R. Obey has won 21 straight races, easily prevailing through wars and economic crises that have spanned presidencies from Nixon’s to Obama’s. Yet the discontent with Washington surging through politics is now threatening not only his seat but also Democratic control of Congress.
Mr. Obey is one of nearly a dozen well-established House Democrats who are bracing for something they rarely face: serious competition. Their predicament is the latest sign of distress for their party and underlines why Republicans are confident of making big gains in November and perhaps even winning back the House.
The fight for the midterm elections is not confined to traditional battlegrounds, where Republicans and Democrats often swap seats every few cycles. In the Senate, Democrats are struggling to hold on to, among others, seats once held by President Obama and Vice President Joseph R. Biden Jr. Democrats are preparing to lose as many as 30 House seats — including a wave of first-term members — and Republicans have expanded their sights to places where political challenges seldom develop.
But more and more political pollsters are seeing not 30 Democrat seats going Republican, but double and even triple that number:
A 1994-style scenario is probably the most likely outcome at this point. Moreover, it is well within the realm of possibility – not merely a far-fetched scenario – that Democratic losses could climb into the 80 or 90-seat range. The Democrats are sailing into a perfect storm of factors influencing a midterm election, and if the situation declines for them in the ensuing months, I wouldn’t be shocked to see Democratic losses eclipse 100 seats
Here’s a link to that entire Real Politics article by Sean Trende.
And with the latest news of a 27% plunge in existing home sales – the worst decline since the LAST TIME a Democrat was president – it seems that the “situation” has declined for them in these ensuing months.
This news is a stunning economic indicator, because mortgage rates are at an all-time low, and low-priced home bargains abound, and people STILL aren’t buying.
From USA Today:
Economic forecasts were plenty pessimistic ahead of Tuesday’s report by the National Association of Realtors because of other data pointing to weakening sales since the federal tax credit ended in April.
The actual numbers were far worse — sales fell more than 27% from June and 25% from a year ago to an annual rate of 3.83 million units.
“It is not clear if the housing market hit a huge air pocket or crashed and burned, but for now, this sector looks to be flat on its back,” says Joel Naroff of Naroff Economic Advisors.
The stunning drop-off when mortgage rates are at historic lows indicates many potential buyers have lost confidence, Naroff says. “If no one is confident, I don’t know that the interest rates matter, no one is going to want to borrow,” he says.
Economists say Tuesday’s report also indicates that the housing recovery has faltered.
“This qualifies as a double dip in housing,” says Mark Zandi, chief economist of Moody’s Analytics, adding buyer confidence has also been shaken by a weakening stock market and a lack of jobs. “These are pretty ugly numbers.”
No region of the country was spared: Existing-home sales fell 35% in the Midwest, 30% in the Northeast, 25% in the West and 23% in the South.
In addition to the one trillionth usage of the mainstream media’s favorite adverb – “unexpected” – being employed, I’m seeing a far more frightening adverb: “double dip.”
As in “double-dip recession.” As in, how is Obama going to blame Bush for a second recession that occurred entirely while “the One” was president? Remember Obama’s economic team telling us the recession was over? Remember Obama and Biden boasting of their “Recovery Summer”?
If Bush’s recession is over, but we’re going into a recession, then just who the hell owns this recession?
Reuters has the following:
(Reuters) – More Americans now disapprove of President Barack Obama than approve of him as high unemployment and government spending scare voters ahead of November’s congressional elections, a Reuters/Ipsos poll showed on Tuesday.
In the latest grim news for Obama’s Democrats, 72 percent of people said they were very worried about joblessness and 67 percent were very concerned about government spending.
The unemployment rate of 9.5 percent and the huge budget deficit are dragging down the Democrats and eating away at Obama’s popularity only 20 months after he took office on a wave of hope that he could turn around the economy.
Another bit of bad economic data arrived on Tuesday when the National Association of Realtors reported sales of existing homes plummeted in July to their slowest pace in 15 years.
Piling the pressure on Obama, the top Republican in the House of Representatives called on the administration’s economic team to quit.
Obama’s disapproval rating was 52 percent in Tuesday’s poll, overtaking his approval rating for the first time in an Ipsos poll. Only 45 percent of people said they approved of the president’s performance, down from 48 percent last month.
That number, coupled with a hearty 62 percent who think the country is going in the wrong direction, could spell trouble for Democrats, who control both chambers of Congress and the White House.
Let me paraphrase that last paragraph:
That tsunami, couple with a giant tidal surge that is pushing everything in the country backwards in the wrong direction, could spell trouble for residents around the Indian Ocean, who live in regions that are now fifty feet underwater.
Obama is reading some finely-honed demagoguery off his teleprompters, talking about Republicans having led us in the wrong direction, and cars, and ditches, and not giving Republicans the car keys. But now more Americans by a wide margin think Obama sucks even according to the left-leaning Ipsos polling organization. And 62% of Americans think the “wrong direction” is the one Obama is leading them in.
Mind you, reality won’t stop Joe Biden from guaranteeing that the Democrats will retain control of the House.
On my view, Republicans easily take the House in an eye-popping takeover, and yes, either retake the Senate, too, or fall just short. Everything will have to go right for Republicans and wrong for Democrats in order for Republicans to win the ten seats they need, but let’s not forget that Democrats are in full meltdown mode.
Which is why on November 2 I’ll be watching the election with the Beach Boys’ “Catch a Wave” playing over and over in the background.