Posts Tagged ‘red ink’

Obama Deficit Delusion

April 6, 2010

The most fiscally irresponsible president in the history of the human race is promising to make the crushing debt he inflicted upon us all better.

This is an utterly asinine thing to believe.  It will take professionals trained in the dark arts of media propaganda to make anybody believe it.

Fortunately for Obama, and unfortunately for the country, those professional propagandists are as abundant as cockroaches.

But at least the Washington Times editorial board is casting some light on the liberal lunacy that has this country racing off a cliff.

EDITORIAL: Obama’s deficit deception
Cooked books provide a misleadingly rosy outlook

Tuesday, April 6, 2010

By THE WASHINGTON TIMES

Barack Obama claims Obamacare is necessary to keep the country solvent. This is a strange assertion coming from the most fiscally irresponsible president in American history.

Last week in a speech in Portland, Maine, Mr. Obama said the government takeover of health care would “lift burdens” off the middle class and reduce the deficit “by more than $1 trillion over the next two decades.” Yet this questionable claim is a paltry sum compared to the trillions of dollars of debt Mr. Obama’s policies will levy on the same middle class he pretends to be helping.

Obamacare, in fact, does not save money. The belief that it does is based on a last-minute analysis from the Congressional Budget Office before the legislation was passed that found that the new health law would reduce the federal deficit by $138 billion over 10 years. But CBO calculations were based on 10 years of revenues under the plan and just six years of expenditures. A straight-up balance sheet shows the plan adding $114 billion annually to the national debt by 2020. CBO now reports that the student loan nationalization slipped into the health care legislation will add an additional $52 billion in debt by the end of the decade.

These billions in red ink are small compared to the trillions of dollars in overall debt that Mr. Obama is handing to current and future generations. On March 24, the day after the president signed Obamacare into law, CBO released an analysis of the president’s latest budget proposal. The numbers are sobering. The lowest annual deficit will be $724 billion in 2014, and the red ink will rise every year thereafter. Net interest payments will nearly triple from 1.4 percent of gross domestic product in 2010 to 4.1 percent in 2020. Interest payments alone will consume $5.6 trillion this decade.

The Obama budget adds $12.8 trillion to public debt between 2009 and 2020, growing from $7.5 trillion to $20.3 trillion. The current, very high 63 percent ratio of debt to GDP will rise to an unsustainable 90 percent by the end of the decade and is expected to soar to more than 100 percent in later years. So while Mr. Obama claims to be concerned about deficits, he is in fact driving the United States to international pauper status.

It’s no wonder that the president attempts to portray himself as some kind of deficit hawk. Polling indicates that the swiftly mounting national debt is a leading issue going into the 2010 election season. The Obama administration routinely asserts that these were problems the O Force inherited, even though final CBO estimates of projected debt from the George W. Bush administration were much lower, and the base line debt assumptions are raised consistently with each new estimate. Most shocking, the current dire numbers are based on the belief that the economy will recover quickly and fully from its present woes. If the Obama team’s rosy scenarios do not come to pass, these record peacetime deficits will grow even higher.

Mr. Obama can make all the claims he wants about his fiscal responsibility but, unlike some politicians, the numbers don’t lie.

Obama, according to the CBO, has massively understated his deficits.  That ought to give you nothing but naked distrust when you consider his health care claims.

I have to disagree with the otherwise spot-on target Washington Times editorial board to this extent: under Obama, the numbers DO lie.  The Obama administration and the congressional Democrats have done a very thorough job creating such a self-serving smokescreen over reality that you can’t trust the numbers.

That said, the truth doesn’t lie.  Which is to say that one day all the lies and the ObamaCare that was the product of all those lies will come crashing down.  And it will very likely drag America down the drain with it.

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Obama Sets Record With Biggest Deficit In History

March 11, 2010

The left told us that Obama’s was a historic presidency.  And they were right: he just smashed his own record for massive and totally unsustainable deficits.

Budget deficit sets record in February
By MARTIN CRUTSINGER (AP)

WASHINGTON — The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year’s record for the full year.

The Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than the previous record set in February of last year.

The deficit through the first five months of this budget year totals $651.6 billion, 10.5 percent higher than a year ago.

The Obama administration is projecting that the deficit for the 2010 budget year will hit an all-time high of $1.56 trillion, surpassing last year’s $1.4 trillion total. The administration is forecasting that the deficit will remain above $1 trillion in 2011, giving the country three straight years of $1 trillion-plus deficits.

The administration says the huge deficits are necessary to get the country out of the deepest recession since the 1930s. But Republicans have attacked the stimulus spending as wasteful and a failure at the primary objective of lowering unemployment[Editorial note: The Republicans are right, and the American people know it.  The stimulus is a gigantic porker which was recently upgraded as costing a massive $862 billion from the previous estimate of $787 billion.  But the real cost is actually $3.27 TRILLION!!! And contrary to Obama’s utterly false claims, only SIX PERCENT of Americans believe that the stimulus has created any jobs at all].

The administration defends the economic stimulus bill that Congress passed in February 2009 with a pricetag at the time of $787 billion as the right medicine to get the economy back on its feet. President Barack Obama has said even more is needed to battle an unemployment rate that remained stuck in February at 9.7 percent.  [Editorial note: When Obama was elected, unemployment was at 6.6%.  He promised that his stimulus would prevent unemployment from reaching 8%.  The stimulus failed by Obama’s own standard.  To try to explain away the failure of his policy, Obama created the nonexistent category of “saved jobs.”  But economists point out the following: “One can search economic textbooks forever without finding a concept called `jobs saved.’ It doesn’t exist…”]

The White House says that job creation will remain a top priority, hoping to convince voters that Obama did not spend too much time during his first year in office trying to get Congress to pass health care reform[Allow me to editorially interrupt this spin to point out that ObamaCare is the top priority, with Obama hoping to convince liberals that they need to pass this incredibly unpopular bill no matter how many Democrats lose their seats in order to “maintain a strong presidency.”  And in point of fact, they have done little else this entire year].

The government’s monthly budget report showed the record $220.9 billion deficit for February reflected outlays of $328.4 billion and revenues of $107.5 billion. The February receipts marked the first time that revenues are up compared with the same month a year ago since April 2008. Revenues had fallen for 21 straight months as the recession cut into both individual and corporate income tax payments.  [Editorials note: And yet Obama is selling his healthcare takeover as “deficit neutral” on the incredibly risky assumption that tax revenues will miraculously massively increase.  So Obama is explaining away his deficits by pointing to the frighteningly low revenues even as he bases his health care on the assumption that those same revenues will massively increaseAnd if Obama is wrong, the trillions of dollars of new spending will implode our economy].

Deficits normally shoot up in February because it is a month when the government makes large refund payments to individuals and corporations as part of the tax filing process. Those payments were boosted this year by various tax credits that were expanded or added as part of the government’s stimulus efforts including the “Making Work Pay” tax credit and the first-time home buyers tax credit. [Editorial note: Which doesn’t in any way change the fact that this February’s frighteningly low revenues continues a 21-consecutive month trend.  That in addition to the fact that the stimulus is contributing to our deficit crisis].

Through the first five months of the budget year, government revenues totaled $800.5 billion, down 7 percent from a year ago, while outlays totaled $1.45 trillion, up a slight 0.1 percent from a year ago.

The deficit of $651.6 billion through February is up by 10.5 percent from the $589.8 billion deficit run up during the first five months of the 2009 budget year. The government’s budget year begins on Oct. 1.

The budget that Obama sent to Congress in February projects that the deficits over the next decade will total $8.53 trillion. But the Congressional Budget Office last week put the 10-year total even higher at $9.8 trillion. Part of the reason for the $1.2 trillion difference is that the CBO is projecting slower economic growth and thus less tax revenues than the administration over the next decade[Editorial note: Number one, this proves we can’t trust the Obama administration or the government’s cost estimates to do anything other than be lowball figures.  Number two, passing trillions in new spending via ObamaCare is hardly the thing to do given the fact that we will have LOWER revenues rather than higher ones].

The administration has maintained that the country must run large budget deficits until the economy has begun to grow at a sustainable pace that is bringing the unemployment rate down. Only then, the administration says, should the government focus on getting control of the deficits.  [Editorial note: So I’m flat broke and deeply in debt.  Clearly the thing I need to do is go on a massive spending spree on my credit card in order to get out of debt!!!].

Obama has created by executive order an 18-member fiscal reform commission that has been charged with coming up with a plan to shrink the deficit to 3 percent of the economy within five years. The plan is scheduled to be unveiled in December, after the midterm congressional elections.  [Editorial note: What Obama has in fact created is a tool to weasel out of his repeated campaign promise not to raise taxes on “95% of Americans” by so much “as one dime”].

With the economy so weak, the interest rates that the government has to finance the flood of red ink have remained low. However, economists are worried that the favorable outlook on interest rates could change quickly if investors, including foreign investors, start to worry about the government’s commitment to restraining future deficits. China is the largest foreign holder of U.S. Treasury securities [Editorial note: First of all, the Associated Press is factually wrong: Japan is now our largest holder, as China is jumping off the proverbial sinking ship.  And to make things even worse, China is preparing to abandon the dollar altogether.  Second, just to clarify, what this paragraph means is that the moment our interest rates go up – which they have to do in order to deal with our debt/deficits – we will have a double-dip recession.  And the second dip may well be worst than the first].

Through the first five months of this budget year, net interest payments totaled $86.5 billion, up 15.3 percent from a year ago[Editorial note: this is exactly what happened to Greece; and we are not far away from the same sort of implosion occurring here.  Obama’s “solution” is to borrow more money in more unsustainable spending which will ultimately push our interest payments rates up and up].

In its report last week, the CBO predicted that the government debt held by investors would climb from $7.5 trillion at the end of last year to $20.3 trillion in 2020. CBO forecast that interest payments would more than quadruple from a projected $209 billion this year to $916 billion annually by the end of the decade [Editorial note: So let’s just keep spending and spending and spending until we fly off a cliff to our deaths].

Congratulations on your historic presidency, Mr. Obama.  Congratulations on your new record as the biggest spender in the history of the human race.

Obama promised hope and change.  And he’s delivering.

A second Great Depression will be “change.”  And there are plenty on the left – who embrace the Cloward-Piven strategy – who are “hoping” for it.

Obama Refuses To Take Any Responsibility For His Failing Presidency

December 10, 2009

There comes that moment in every great man’s life when he realizes that it’s time to put up or shut up.

Obama hasn’t reached that moment yet.  And I personally don’t believe he ever will.  Or even can.

Obama gave a speech at the Brookings Institute yesterday, December 8.  He said:

One of the central goals of this administration is restoring fiscal responsibility. Even as we have had to spend our way out of this recession in the near term, we have begun to make the hard choices necessary to get our country on a more stable fiscal footing in the long run. Despite what some have claimed, the cost of the Recovery Act is only a very small part of our current budget imbalance. In reality, the deficit had been building dramatically over the previous eight years. Folks passed tax cuts and expensive entitlement programs without paying for any of it – even as health care costs kept rising, year after year. As a result, the deficit had reached $1.3 trillion when we walked into the White House. And I’d note: these budget busting tax cuts and spending programs were approved by many of the same people who are now waxing political about fiscal responsibility while opposing our efforts to reduce deficits by getting health care costs under control. It’s a sight to see.

To begin with, sixty percent of the overall deficit from the last ten years has occurred during the last three year period that the Democrats have been in control of both the House and the Senate.  Any claim that Democrats were the fiscally responsible party is just frankly a complete lie.

And as we look to which party is accumulating debts that have never been seen in the history of the human species, take a look at this graph of reality, to the tune of Joe Wilson’s hit song, “You lie!”

Link

You don’t have to be an economist or financial expert to see that the Marxist red Obama bars utterly dwarf the gray Bush bars.

Let’s take a look at the real numbers:

The Obama Administration Budget released today contains a total $2.867 trillion in red ink, just 38 days after Obama’s inauguration on January 20.

In contrast, the Bush Administration ran up a $2.7519 trillion deficit over an 8-year period that included 7 years of war in Iraq and Afghanistan; the economic downturn after 9-11; the addition of a prescription drug benefit to Medicare; a massive increase in federal education spending under No Child Left Behind; and the current recession and 2008 Wall Street bailout.

Bush Surplus/Deficit Fiscal Years 2001-2008 (billions of dollars)
Congressional Budget Office (CBO) Statistics
2001    128.2
2002    -157.8
2003    -377.6
2004    -412.7
2005    -318.3
2006    -248.2
2007    -160.7
2008    -454.8
TARP    -750.0
Total  -2751.9

Obama Budget Deficit FY 2009/10*
Office of Management and Budget (OMB) Statistics
2010       -1750
2011       -1117
Total      -2867

*The Obama deficit total does NOT include the impact of the $787 billion Stimulus package approved by House Democrats in February.  It also excludes any effect of an Obama contingency request for an additional $750 billion to use for bank rescue.  If the contingency amount is included the total deficit for FY 2009/10 is $3.617 trillion

So what we basically learn is that Obama’s deficits in just two years are greater (which means worse) than Bush’s entire 8 years in office.  And if you factor in the spending that Obama racked up all by his lonesome, he accumulated greater deficits in just ONE year than did Bush in eight.

We need to realize that the $787 billion stimulus – which is not counted under Obama’s deficit that STILL outdoes the deficits racked up during Bush’s entire eight year presidency – was not a “mere” $787 billion.  It was actually $3.27 TRILLION according to the Congressional Budget Office.

As Newsmax reporter David Patton put it:

The gargantuan stimulus bill Congress has rubber-stamped with virtually no Republican support contains tens of billions of the very spending projects that made the legislation a lightning rod for criticism.

And although the bill is generally described as costing $787 billion, the Congressional Budget Office reports the actual figure is now closer to $3.27 trillion.

That stems from the $744 billion it will take to pay for the additional debt the legislation will create, and $2.527 trillion in increased spending from the new and expanded programs the bill will spawn over the next decade.

That put-us-into-the-poorhouse stimulus spending was ALL on Obama.  And while we go from fiscal year to fiscal year (i.e. October 1 to September 30) to “officially” calculate a president’s deficits, it is simply a moral crime to saddle George Bush with Obama’s $3.27 trillion porkulus that no Republicans voted for, and then blame Bush for the most massive spending program in human history that was passed by Obama and for Obama.

Nor do the numbers reflect that President Bush only used HALF of the $750 billion TARP money, and left the rest of it for Obama to spend.  That money all went on Bush’s deficit “tab,” but thanks to George Bush’s efforts, Obama got half of it for himself.  Pretty sweet deal for Obama.  And yet he still bit the hand that fed him:

(CBS/AP) Acting at Barack Obama’s behest, President George W. Bush on Monday asked Congress for the final $350 billion in the financial bailout fund, effectively ceding economic reins to the president-elect in an extraordinary display of transition teamwork.

Obama also sharply criticized Bush’s handling of the money and promised radical changes.

Bush’s move sets the stage for Obama to get swift access to the $350 billion and the opportunity to overhaul the much-criticized rescue package after taking office next Tuesday.

Bush’s classiness was outmatched by Obama’s classlessness.

In any event, no matter how you slice it, we are looking at Obama red ink that so profoundly drowns out the Bush red ink that only a fool would say anything else.

And yet that is precisely what Obama is doing.

Here we are, just today, with Democrats passing another $1.1 trillion in spending in a 1,088 page, earmark-laden pork package, with not one single Republican supporting it.

And they are determined to pass a health care that’s going to cost this country at least $2.5 trillion every ten years.

And take a moment to calculate America’s “share” of the $10 TRILLION dollar tab that Barack Obama and many in the Democrat Party are trying to commit this country to pick up in the guise of saving the planet from “global warming.”

We’re seeing more spending and more deficits and more debt under Barack Obama than any human being who has ever lived has ever seen in human history.  And he blames Bush for it?

What’s wrong with him?

Any real leader worth a dog turd in the back yard doesn’t waste time blaming the leader before him for problems.  Rather, he puts that “the buck stops here” sign on his desk, he takes responsibility for the situation he is facing, and he solves the problem.

If I had a nickle for every time Obama has said that he “inherited” the crises he is now facing, I would be very rich indeed.  As it is, the president who promised that he would put “an end to the petty grievances and false promises, the recriminations and worn-out dogmas that for far too long have strangled our politics” has defined himself by doing the precise opposite.  George W. Bush, by contrast, inherited a severe recession following the dot com bubble collapse beginning in December 1999 just as Clinton was leaving office that led to $10 trillion in equity being erased.  And of course he inherited the foreign policy and domestic security failures that led to the 9/11 attack – which damaged the economy even further.

But you didn’t find Bush giving speech after speech (or any speeches at all) blaming his predecessor.  Rather, Bush “manned-up” and took responsibility for the nation as it was.

That may be why Bush has made such a dramatic comeback in public opinion:

Perhaps the greatest measure of Obama’s declining support is that just 50% of voters now say they prefer having him as President to George W. Bush, with 44% saying they’d rather have his predecessor. Given the horrendous approval ratings Bush showed during his final term that’s somewhat of a surprise and an indication that voters are increasingly placing the blame on Obama for the country’s difficulties instead of giving him space because of the tough situation he inherited. The closeness in the Obama/Bush numbers also has implications for the 2010 elections. Using the Bush card may not be particularly effective for Democrats anymore, which is good news generally for Republicans and especially ones like Rob Portman who are running for office and have close ties to the former President.

More and more Americans are getting furious that Obama is spending all his time and energy blaming Bush for what is going on during Obama’s presidency.

The very real question is whether Obama can do anything OTHER than blame Bush.  Thus far, he hasn’t solved much of anything.

Most Red Ink Ever: Congratulations On Your ‘Historic’ Presidency, Obama

August 26, 2009

Virginia Slims used to run an ad campaign called, “You’ve come a long way, baby.” The ads for the women’s-marketed cigarette brand ran on the theme that it was hip and modern for women to smoke. But the hidden subtext of the campaign was, “Look how far you’ve come: now you can die a nasty preternatural death of cancer just like the men.”

In a lot of ways, Barack Obama is the new “You’ve come a long way, baby” poster boy.  He was marketed as the historic first black president in American history – but now that we’ve come this far, we’re going to see our nation perish to a cancer of “Marxist-red” ink.

A couple of truly terrifying articles who just what an unmitigated – and historic – disaster Barack Obama’s presidency has been in just six short months:

Obama’s 09 deficit exceeds all eight years of Bush red ink
By: Mark Tapscott
Editorial Page Editor
08/25/09 3:08 PM EDT

How much is President Obama boosting federal spending? The Heritage Foundation’s Brian Riedl puts a little perspective on the numbers made public today:

· This year, Washington will spend $30,958 per household, tax $17,576 per household, and borrow $13,392 per household. This spending is not just temporary: President Obama would permanently keep annual spending between $5,000 and $8,000 per household higher than it had been under President Bush.
· The 22 percent spending increase projected for 2009 represents the largest government expansion since the 1952 height of the Korean War (adjusted for inflation). Federal spending is up 57 percent since 2001.

· The 2009 budget deficit will be larger than all budget deficits from 2002 through 2007 combined. More than 43 cents of every dollar Washington spends in 2009 will have been borrowed.

· One would expect the post-recession deficit to revert back to the $150 billion to $350 billion budget deficits that were typical before the recession. Instead, by 2019, the President forecasts a $917 billion budget deficit, a public debt of 77 percent of GDP, and annual net interest spending of $774 billion.

· The White House projects $10.6 trillion in new deficits between 2009 and 2019—nearly $80,000 per household in new borrowing.

· None of these estimates include the cost of health reform.

· The White House underestimates future budget deficits by trillions of dollars by (1) assuming that discretionary spending will be frozen to inflation for the next decade, (2) assuming that cap-and-trade revenues will be available to finance a Make Work Pay credit (the House-passed bill allocates those revenues elsewhere), (3) assuming health care reform will be deficit-neutral, and (4) assuming certain tax increases that are unlikely to be enacted.

Exceeding eight years of Bush deficits in just six months?  You’ve come a long, way, baby.

Most red ink ever: $9 trillion over next decade

By JIM KUHNHENN, Associated Press Writer Jim Kuhnhenn, Associated Press Writer

WASHINGTON – In a chilling forecast, the White House is predicting a 10-year federal deficit of $9 trillion — more than the sum of all previous deficits since America’s founding. And it says by the next decade’s end the national debt will equal three-quarters of the entire U.S. economy.

But before President Barack Obama can do much about it, he’ll have to weather recession aftershocks including unemployment that his advisers said Tuesday is still heading for 10 percent.

Overall, White House and congressional budget analysts said in a brace of new estimates that the economy will shrink by 2.5 to 2.8 percent this year even as it begins to climb out of the recession. Those estimates reflect this year’s deeper-than-expected economic plunge.

The grim deficit news presents Obama with both immediate and longer-term challenges. The still fragile economy cannot afford deficit-fighting cures such as spending cuts or tax increases. But nervous holders of U.S. debt, particularly foreign bondholders, could demand interest rate increases that would quickly be felt in the pocketbooks of American consumers.

Amid the gloomy numbers on Tuesday, Obama signaled his satisfaction with improvements in the economy by announcing he would nominate Republican Ben Bernanke to a second term as chairman of the Federal Reserve. The announcement, welcomed on Wall Street, diverted attention from the budget news and helped neutralize any disturbance in the financial markets from the high deficit projections.

The White House Office of Management and Budget indicated that the president will have to struggle to meet his vow of cutting the deficit in half in 2013 — a promise that earlier budget projections suggested he could accomplish with ease.

“This recession was simply worse than the information that we and other forecasters had back in last fall and early this winter,” said Obama economic adviser Christina Romer.

Let’s go back to a couple of Wall Street Journal articles to see the patent falsehood to the claim that Obama didn’t know how bad things really were:

1)Obama Budget Relies on Rosy Economic Forecasts” – February 26, 2009.  Liberals have tried to assure everyone, “Nobody could have known…”  But to quote Obama’s campaign rhetoric, “Yes, we can.”  At least if you write for the Wall Street Journal or a similar publication that doesn’t get it’s talking points from the Obama White House.  People with half a brain (which understandably excludes the overwhelming majority of liberals) knew that Obama was pumping manure and offering one false promise based on one false assumption after another.

The truth is that there were plenty of dire forecasts and claims that Obama’s numbers didn’t jive with reality; the fact that the White House didn’t listen isn’t anyone’s fault but Obama’s.

2)Obama’s Rhetoric Is The Real Catastrophe” – February 13, 2009.  Barack Obama repeatedly fearmongered the economy by comparing it to the Great Depression in order to force his ill-fated $3.27 trillion stimulus fiasco through Congress.  The porkulus package was rushed through the legislative branches so quickly that no one actually even had a chance to read the darn thing – and then Obama took four days to sign the damn thing so he could have fun in Chicago.

Obama promised that if his stimulus was passed he would create hundreds of thousands of jobs and keep unemployment under 8% – and the reality has been an even bigger dud than the most conservative Republican predicted it would be.

Obama and his apologists are trying to argue that they didn’t know that the economy was so bad, but that is the most transparent and pathetic excuse given the fact that they repeatedly compared the state of the economy to the Great Depression.  Here’s the question, when they did that, were they simply demonizing, demagoguing, and fearmongering – thinking all the while that they were actually lying – or were they telling the truth as they understood it (i.e. that things were catastrophically bad)?  If the latter, their excuse that they didn’t know things were actually so bad simply vaporizes – because how could our present economy be worse than the Great Depression which they were comparing it too?  If the former, then Obama is literally a demon who cynically hurt tens of millions of Americans by driving down the economy merely to sell his self-serving political agenda.

That Obama and his Democrat allies are liars is already a given, it’s simply a question of when they lied.  And we can only hope that he is incompetent in his governance, rather than despicable in his deceitful and cynical manipulation.

As for unemployment “heading for 10%,” I personally agree with respected analyst Meredith Whitney: I see unemployment going to 13% or HIGHER.  By 2011, nearly half of the mortgages in our nation will be “underwater,” with owners owning more on the homes than the homes will be worth.  Obama has done virtually nothing to address the fundamental problem underlying why our economy crashed in the first place; and we’re going to pay dearly for that failure.

Let me tell you, as someone who pointed out that Barack Obama was woefully and terribly inexperienced and not up to the job over a year ago, the community-organizer-in-chief is simply not up to the job.  And neither are the radical leftwing punks that he has primarily surrounded himself with.

The liberals began to shrilly claim that Bush was incompetent during his second term over the issue of his handling of Iraq; but it needs to be pointed out that Bush ultimately DID succeed in Iraq – and by pursuing the “surge strategy” that Democrats and Obama himself demonized.  Bush won the war in Iraq even while Senate Majority Leader Harry Reid was wailing, “I believe that this war is lost.”

But now, only months into his presidency, even the LEFT is starting to distrust Obama’s competence.  This isn’t a partisan issue anymore – liberals are beginning to doubt Obama’s competence to accomplish his liberal agenda.  Democrats themselves are pointing out all the things Obama’s done wrong, and failed to do right.  And – while I cheer Obama’s inability to succeed in his socialism – that’s still bad, because we have no real leader, and we’re going to increasingly start drifting as a nation.

Yeah, you’ve come a long way, Barry Hussein.  You’ve come all the way from the “historic presidency of the first African-American in the White House,” to the most historic failure that the White House has ever seen.  And your policies are proving to be such a historic failure after only six months that this nation may literally not survive the remaining 3 1/2 years of your term until we can vote you out of office and be finally rid of you.

It is a terrible and tragic shame that the mainline media propagandists fixated so much on the color of Barack Obama’s skin that they failed to look at the color of his failed ideology or his complete lack of necessary experience to lead this country.