No Answers Obama
If I were to give one piece of advice to the Left it would have to be that they need to find a new candidate right away before it’s too late. Obama is doomed no matter who his opponent ends up being. The Left can try to spin this all they want, but in the back of their minds they know this to be true just as his lame polling numbers are proving. They are hoping that he’ll somehow pull off a last second economic miracle to salvage his candidacy, but at this point their hopes are nothing but wishful thinking.
Obama’s signature legislation, Obamacare, is most likely doomed this summer once it hits the Supreme Court. There are so many different angles at unconstitutionality to pick from that the only remaining question is which ones ultimately get cited for why it is shot down. It would be even worse for Obama if it doesn’t get shot down based on the fact that the CBO just reported that the estimated cost is now double what we were promised. It hasn’t brought down private cost and can’t with all of the new mandates that have been added. Even those that originally supported it no longer want anything to do with it, as evidenced by the number of waiver request that HHS has received from those same former supports.
No matter how much the White House tries to spin the economy with bogus numbers the people live in the real world. Most people don’t even know or care what the numbers are regardless of any spin that might be put on them. They only know what their lives are like now and a recent poll shows that 80% believe they are worse off than they were before. Obama can spin like a top, but ultimately folks vote based on their wallet and the contents of their wallet has been dwindling. Even those that haven’t yet been directly affected are scared to death of what the future holds. You don’t have to take my word for it, just look at the current price of gold to garner all the evidence you need.
One of the biggest displays of Obama’s economic ineptitude has to do with gas. He is running around claiming the issue is that we need more wind and solar energy. But even a 5th grader can tell you that cars run on gasoline, not wind turbines. He claims that more drilling won’t help, and then asked the Saudi’s to do exactly that on our behalf. He blames the rise in gas prices on increased demand overseas, but any first year economics student can tell you that if you increase demand on a product you simply offset it by increasing available supply. Bush proved that the mere threat of more drilling is typically enough to have prices tumble based on future speculation of the supply/demand curve. So claiming it would take at least 10 years to reap the benefits of new permits is a lame excuse for blocking them.
There is no question that Obama stepped into a job that was WAY over his head. He has a degree in law, not macro economics. He can wail out a good speech, but people now understand that speeches don’t put food on the table, sound economic policies do. By the time we get to the polls this November it won’t matter what kind of mess Obama inherited. It also won’t matter which candidate he squares off against. The only thing that will matter is that this country is in dire need of sound economic answers, answers that people now fully understand Obama doesn’t have.