Lantern-jawed Michelle Obama imitates her husband and scowls at her betters during her European spending spree while Barack Obama bamboozles at a heightened level due to fears that Americans have caught on to his disastrous economic schemes and plots.
What drives Obama these days? This poll:
Voters now trust Republicans more than Democrats on six out of 10 key issues, including the top issue of the economy.
The latest Rasmussen Reports national telephone survey finds that 45% now trust the GOP more to handle economic issues, while 39% trust Democrats more.[snip]
Voters not affiliated with either party now trust the GOP more to handle economic issues by a two-to-one margin. [snip]
Republicans also now hold a six-point lead on the issue of government ethics and corruption, the second most important issue to all voters and the top issue among unaffiliated voters. That shows a large shift from May, when Democrats held an 11-point lead on the issue.
For the eighth straight month, Republicans lead on national security. The GOP now holds a 51% to 36% lead on the issue, up from a seven-point lead in May. They also lead on the war in Iraq 45% to 37%, after leading by just two points in May and trailing the Democrats in April. [snip]
Republicans lead the Democrats on immigration for the third straight month, pulling ahead to a 35% to 29% advantage on the issue.
On taxes, the GOP leads the Democrats for the fifth straight month, 44% to 39%. In May and April, Republicans held six-point leads on the issue.
Democrats continue to hold the lead on the issues of health care, Social Security and education. While Democrats have a 10-point advantage on health care, that’s down from the 18-point lead the party had a month ago.
So bad is Obama that the Republicans are trusted more on the economy! We poor Americans can be excused for holding our heads and weeping.
Faced with voters awakening to the disasters he authors, Obama is now in bamboozle overdrive with his latest flim-flam – pretending he is fiscally responsible:
President Obama billed it as an adrenaline jolt — a $787-billion stimulus package that not only would put people back to work, but also underwrite construction and energy projects the country had long neglected.
But with the economy still sputtering and some experts doubting the program was meeting its goals, Obama vowed Monday to accelerate stimulus spending with the goal of creating or saving 600,000 jobs by summer’s end.
Opening a meeting with Cabinet members and Vice President Joe Biden, Obama sought to claim substantial progress while holding down expectations. [snip]
Results of the stimulus spending are difficult to measure, and so far the promised federal money has been slow in coming. As of May 29, just over 100 days since Obama signed the bill into law, only about 6% of the funds had been spent.
And on the jobs front, an early target was missed: Two of the president’s top economic advisors put out a report Jan. 9 predicting that with the stimulus spending, the U.S. unemployment rate this year would not exceed 8%. It now stands at 9.4%. That figure is higher than Christina Romer and Jared Bernstein had said it would be even if the stimulus package had not been adopted.
The economy is still issue #1 and Obama is mess #1. All the Obama bluster does not change economic reality.
“A lot of this is hokum. All along, [Obama’s] job numbers have kept changing according to the political environment,” said Peter Morici, a professor of international business at the University of Maryland.
Kevin Hassett, director of economic policy studies at the American Enterprise Institute, a conservative-leaning think tank in Washington, put it even more bluntly: “The actual unemployment rate is worse than their baseline — suggesting that their stimulus plan was harmful. And yet, despite that, they’re asserting it has been successful. That shows an incredible amount of gall.”
The Obama lies on the economy are at least hokum. The Obama bamboozlement is at full throttle:
Obama has said the stimulus package has saved or created 150,000 jobs already and continues to pay off. Those numbers appear to be elastic, though: On a Sunday-morning news show, his senior advisor David Axelrod said the plan “has produced hundreds of thousands of jobs.”
Any figure involves guesswork, the administration has conceded.
Bernstein, who is Biden’s economic advisor, said in an interview that the president’s citation of 150,000 is “an estimate” based partly on what the economy would look like in the absence of the stimulus package. [snip]
Republicans are arguing that the stimulus package has failed.
“In order to achieve Keynesian economic nirvana,” Rep. Jeb Hensarling (R-Texas) said Monday, “one has to spend the money essentially on bricks and mortar and get the money out the door quickly.” Hensarling said he was not a fan of economist John Maynard Keynes, who advocated government intervention, including deficit spending, to address severe downturns.
At this point, the largest share of stimulus spending has gone to states in the form of Medicaid grants, federal records show.
Though some signs suggest the recession is abating, the economy lost about 1.5 million jobs over three full months after the passage of the stimulus bill, from March through May. Unemployment in that period jumped to 9.4%, from 8.5%.
The White House has said conditions would be even worse without the stimulus package. But the public may be getting impatient.
A Gallup Poll released Monday showed that though Obama is personally very popular, people are not as happy with his stewardship of parts of the economy. Fifty-one percent disapproved of Obama’s performance controlling federal spending, compared with 45% who approved.
Gallup and Rasmussen cite Americans waking up to Obama’s lies on the economy and deficit spending and Obama ramps up the bamboozlement.
We opposed the Obama fake “stimulus” and argued the little money left should be spent wisely. A HOLC and a genuine universal health care plan which would help American businesses and workers, we argued, would be a wiser use of funds than the slush fund to help the Dimocrats in the 2010 elections called the “stimulus” and TARP. We have been proved correct.
Obama is right to be worried. Americans will be sufficiently awake in 2010 to deal Dimocrats major losses in 2010. Obama will still be worshipped by Big Media in 2010 but voters might decide that while they “like” Obama they don’t like Obama’s Dimocrats or policies and Obama’s ill-conceived, badly executed economic schemes and therefore vote the Obama Dimocrats out.
President Barack Obama assured the nation his recovery plan was on track Monday, scrambling to calm Americans unnerved by unemployment rates still persistently rising nearly four months after he signed the biggest economic stimulus in history. [snip]
He also repeated an earlier promise to create or save 600,000 jobs by the end of the summer.
Neither the acceleration nor the jobs goal are new. Both represent a White House repackaging of promises and projects to blunt criticism that the effects haven’t been worth the historic price tag. And the job estimate is so murky, it can never be verified.
Since the “stimulus” scam was enacted in February Americans have seen 1.6 million jobs disappear. Now Obama is admitting he was “optimistic”. [We knew the numbers were phony on February 27th.]
Public opinion of Obama’s handling of the economy has declined along with the jobs data.
For the first time, the administration admitted the economic forecasts it used to sell the stimulus were overly optimistic.
By now, according to earlier White House economic models, the nation’s unemployment rate should be on the decline. The forecasts used to drum up support for the plan projected today’s unemployment would be about 8 percent. Instead, it sits at 9.4 percent, the highest in more than 25 years.
Some analysts believe the White House is still not being realistic, that Obama will be lucky if any real job creation from his recovery effort is seen by the end of the year, let alone the employment explosion he predicts.
“I think these estimates are overly optimistic,” said Arpitha Bykere, a senior analyst with RGE Monitor.
It’s not optimism, it’s a lie. A lie to extract more money from the American taxpayer under flim-flamming false pretenses.
After extracting trillions of dollars for the Dimocrats 2010 election slush fund disguised as “stimulus” Obama now pretends to be responsible with the too late – pay as you go “paygo” mask:
Obama urged passage of so-called “pay-go” legislation that would require any new tax cut or automatic spending program to be paid for within the budget. [snip]
“Entitlement increases and tax cuts need to be paid for. They are not free,” said Obama, who has been criticized by Republicans for proposing a hefty domestic agenda that includes overhauling the health care system, bolstering education and tackling global climate change.
The White House has forecast a budget deficit for this year of $1.84 trillion, or 12.9 percent of gross domestic product. [snip]
Surging deficits have also become an increasing concern for financial markets. Federal Reserve Chairman Ben Bernanke last week issued a warning about risks to the economy of large deficits, which drive up long-term interest rates.
As Senator Kent Conrad, a Democrat warned about “paygo” “It can prevent the passage of new legislation that would worsen the deficit, but it does not address the deficits and debt projected under existing policy.”
Indeed, Obama who wasted trillions that would have been better spent on a HOLC type program or genuine universal health care already has declared his intention to pay for his ill conceived health care plans with more deficit spending.
President Barack Obama on Tuesday proposed budget rules that would allow Congress to borrow tens of billions of dollars and put the nation deeper in debt to jump-start the administration’s emerging health care overhaul.
The “pay-as-you-go” budget formula plan is significantly weaker than a proposal Obama issued with little fanfare last month.
It would carve out about $2.5 trillion worth of exemptions for Obama’s priorities over the next decade. His health care reform plan also would get a green light to run big deficits in its early years. But over a decade, Congress would have to come up with money to cover those early year deficits.
Obama will use his “paygo” proposals to further weaken Social Security while allowing exemptions for his pet projects which will somehow eventually have to be paid somehow, somewhere, sometime.
Last month Obama suggested a tougher plan that would prohibit Congress from swelling the deficit in one year by putting off until later years the tax increases or spending cuts to pay for it.
The requirement for legislation to be financed over the coming decade generally mirrors existing congressional rules and reflects the likelihood that Obama’s health care plan will add many billions of dollars to the deficit in the early years. Savings and revenues in later years would have to make up for the initial deficits.
Bill Clinton presided over a strong economy which observed “paygo” rules and each reinforced the other. Obama praises “paygo” without mentioning Bill Clinton even as Obama violates responsible economic principles. Senator Conrad is not fooled.
The plan faces far tougher sledding in the Senate, where Budget Committee Chairman Kent Conrad, D-N.D., has expressed serious reservations.
Conrad said Obama’s proposal does nothing about the fiscal perils the country already faces, including deficits that the Congressional Budget Office predicts will average nearly $1 trillion a year over the next decade.
“I remain concerned about the potential effect of this proposal on American farmers, seniors and veterans,” said Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committee.
Obama means to destroy Social Security and Conrad is signaling he is aware of that purpose.
Republicans have replied to Obama’s latest flim-flam:
Republicans said new budget rules ring hollow in the wake of the Obama-championed $787 billion stimulus package and other deficit spending. They said legal limits on appropriations should be put into place as they were in the 1990s, though such “caps” were easily evaded when surpluses appeared.
Republicans, responsible for so much waste after President Bill Clinton performed an economic miracle, are finally getting back to their responsibility rhetoric.
Obama’s disapproval rating on the economy has risen from 30 percent in February to 42 percent, according to a Gallup poll completed May 31. Sensing weakness on a signature issue of Obama’s presidency, congressional Republicans are renewing their criticisms that the stimulus plan has not shown results, only mounting debt.
“This is President Obama’s economy, and his administration must provide results and specifics rather than vague descriptions of success that seem to change by the week,” House Republican Whip Eric Cantor of Virginia said. “The administration looks dramatically out of touch as they highlight the creation of temporary summer employment in the face of job losses unseen in decades, record unemployment and massive deficits.”
The irresponsible Bill Clinton impeacher, hypocrite Newt Gingrich, has little credibility even though he is correct when he states that Obama’s economic schemes have “already failed”.
Michelle Obama will scowl and sneer at well dressed stylish women in the same way Barack Obama snubbed the experience of Hillary Clinton – both Obama’s despise what they lack and yearn for. But the well dressed will continue to snicker at Michelle’s lurid frocks and the politically aware see Obama’s experience deficit for the vulnerability it is:
Republicans on Capitol Hill think they’ve finally found Barack Obama’s Achilles’ heel: rising public concern about government spending and the federal deficit.
While Obama’s overall job-approval ratings are up over the past month, a Gallup Poll out this week has a 51 percent majority of Americans disapproving of the president’s efforts to control federal spending and a slim 48 percent to 46 percent disapproving of his handling of the federal deficit.[snip]
“This was not an inherited situation. This was a matter entirely of this administration’s and this Democratic leadership’s making,” Cornyn said. “In large part, I believe, 2010 will be a referendum on their performance.”
Some Democrats are being responsible and accountable:
“While I very much favor putting statutory pay-go back on the books, I don’t support waiving pay-go for trillions of dollars of items that I think have to be paid for,” Conrad said Tuesday.
Big Media attacked them and Dimocrats branded them as “the party of “no”‘ – but Republicans were very smart to unanimously vote against Obama’s “stimulus” scam. Americans have been against TARP bailouts for bankers and failed automobile companies as well as the “stimulus” waste.
The Republicans have a strong set of issues for 2010. The issues are Obama’s Deficits in accountability, responsibility, economics and defense of the nation.