A couple of interesting takes on the state of the economy as this Monday rolls around. Most Americans are in full fledged holiday mode and have shoved other matters aside for now. Of course, that goes as far as your personal financial situation warrants.
President Obama continues his governing by default approach to just about everything. He’s had the Executive branch on auto-pilot for some time now. I suppose he’s waiting on the Republican nomination circus to settle down. I still contend, without a shadow of a doubt, ANY nominee would be far preferable to THIS President!
In the meantime, The Hill, sees a bit of a brighter future for Mr. Obama and the Democrats, with the improving…I guess you could call it that…job situation. November’s numbers indicated a drop in the unemployment rate by 4 tenths of a percent. If you’re like me, you don’t place much faith in the Labor Department’s assessment of who is actually working and who isn’t. The always seem to follow up a couple of months later, revising the figure up or down. What’s THAT about?
So, The Hill’s headline: SIGNS OF TURNING TIDE ON ECONOMY LIFT DEMOCRATS, OBAMA’S HOPES is meant to shore up the sagging Obama campaign for 2012. I don’t know about you, but 8.6% unemployment, a housing market in the toilet, and potential tax increases looming, don’t exactly give me hope for the future. I understand the narrative is “things are improving”. The question is whether they will improve for enough Americans fast enough. The pundits say there’s no way Mr. Obama can be re-elected with unemployment over 8%. So look for the number to potentially trend downward…juuuuust in time to give him a boost….with the help of a complicit media.
A couple of Democrat Congressmen would have you believe the President’s re-election is a certainty….
“Democrats have a very good chance in 2012, and if the economy gets better that’ll help us….Things are looking better, a lot better.” – Rep. Norm Dicks (D-WA)
A “done deal” is what Rep. Peter Welch (D-VT) called Mr. Obama’s re-election chances.
I think this is wildly wishful thinking on the part of these two…and many others. What they fail to realize is the level of discontent in the country with this President and his party. Of course you can cite the economic situation that lead to Mr. Obama’s election in 2008. However, that argument falls flat on its face when you look at the spending and the punitive stance the Democrats have fostered over the past 3 years. Do we want more of that? I seriously think NOT!
In the meantime, we have this from The Economic Collapse blog…
This sort of behavior does not exactly encourage voters to give this man four more years in the White House! I understand all Presidents are entitled to r&r, but with the exceptional situation the country is in, you’d think Mr. Obama would follow the “do as I do” mantra…not “do as I say”. Unfortunately for us, he seems to have lived by the latter for the term of his Presidency so far. And I see no signs of that changing any time soon.