The Dismal Record of Obamanomics Explained

   Bookmark and Share  A new video from the Center for Freedom and Prosperity Foundation shows voters who care, how and why  Obamanomics is a dismal failure.   The approximately 6 minute long video offers a clear and concise explanation of how the tax and spend solutions that President Obama offered to stimulate our economy had the exact opposite effect.

The video explains everything from how the President’s first $800 billion stimulus package failed to produce jobs,  to how cash for clunkers proved to be a clunker that left America $1.4 billion poorer, and how other liberal endorsed Obama policies, rules, and regulations cost us more in jobs and capital than they created.

This short documentary also goes beyond simply explaining how Obama’s economic policies have failed us, it also goes right to the heart of the President’s attempt to make us believe his false logic behind the argument that while things may not be good, his policies have prevented them from being worse than they would have been had those policies not been enacted.  The narrator in the video explains how that while President Obama would have you believe that he inherited the worst since the Great Depression, the truth is that the economy who took control over in 2009 was still in better shape than the economy that Ronald Reagan from Democrats in 1981.  In this video you will even see how despite inheriting economic circumstances that were far worse than those facing Barack in 2009, in 1981 Ronald Reagan and his policies improved the nations economy at a far faster pace than Obamanomics has. It shows how while economic growth under Ronald Reagan was at 5.6% under Obama it has been that rate has been stuck at a painfully sluggish pace of 2.2%.  As for unemployment, while Reaganomics decreased the it by as much a% during his first three years in office, Obamanomics has brought down by a mere 1.8 percentage points.  And while inflation was reaching double digits when Reagan came to office, he cut that rising rate by two-thirds and got it down to 3.5%.  Under Barack Obama, inflation has in creased by 1.7%.

After seeing this video you will understand that for the last three and a half years, the only thing Barack Obama has succeeded to do is suppress the type of recovery which this nation uses experiences after a recession.  In the past the deeper the recession, the more robust the recovery is.  But Barack Obama has upended that historic reality.  Thanks to him and the liberal led Congress, America is in the midst of slowest economic recovery ever.

So sit back and watch this informative video.  It will not only give you a better understanding of the issue, it will also help you to see exactly how big a liar our President is.

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Democrats Seeking to Neutralize Romney on Economy

An Improving Economy Means Republicans Need a ‘Plan B’ To Beat Obama

This is the headline of a Morgan Korn article at the Daily Ticker, where he explains exactly what I wrote on March 2nd, when I said It’s Not About the Economy, Stupid.  So despite the high gas prices, the lower homesales in February, the still anemic job growth, the still high unemployment rate, the story the media will be touting is how the economy is recovering and we don’t need Mitt Romney.

This is all part of the Democrat strategy playing out.  First they focused on Romneycare and Obamacare, trying to take away the biggest issue of the 2012 election.  In fact, they may have succeeded.  Romney both supported an insurance mandate and allowed the legislature to turn his healthcare plan into everything Obama has been dreaming of.  The state’s rights defense may calm the fears of his supporters, but the premise behind the plan doesn’t make most conservatives feel warm and fuzzy inside.

The question you may be asking yourself right now is how Obama is going to convince everyone the economy is fine when gas hits $5 this summer.  The jokes on you.

First, Obama and the AP have done plenty of groundwork to provide Obama with scapegoats.  Greedy oil companies, speculators, even you are at fault for high gas prices.  Have you inflated your tires?  Are you still driving that old gas guzzler?  It’s odd to think that this strategy will fool anyone, especially when Obama and Chu’s stated goal was European gas prices here in America.  But Obama only has to fool enough people to get re-elected.  He can say he has vastly expanded oil drilling, in fact he does say this, and anyone who doesn’t know any better believes him.

The second thing Obama is counting on is timing and the short memories of US voters.  What happens to gas prices in October every year?  I’ll give you a couple hints.  Summer vacations are over, half the country rolls down their windows and turns off the A/C, the kids go back to school, and the price of oil drops.  When this happens, mark my words, Obama will say that it is because he has done all the things that today he is saying wouldn’t work or make a difference.

Mitt Romney has to learn how to run on small government, the constitution and social issues.  It’s the only thing the media can’t take away from him.

It’s NOT About the Economy, Stupid

Republicans are preparing to come to a rugby game in their best golf pants.

The world is different than it was in 2008 when we were caught with a war candidate going into an election that was all about the economy.  This time we have the best business man money can buy and we are about to go into an election that is all about the constitution, social issues, personal freedom, and the size of government.

Yes, I know.  Today the economy still sucks.  However, with the expanded power of the Fed and the Presidency, we are going to see just how much the President actually can affect it in the short term.  For example, leading into the 2010 election, the Fed had over $2 trillion in stock securities on their balance sheet and Wall Street was inflated.  Mainstream Media and administration spokespeople called that Obama’s summer of recovery.  Obama also ramped up federal spending and provided tons of government jobs.  Unemployment, as it is in our current “recovery”, remained mostly unmoved.  Despite all the tax hikes hidden in Obamacare, Obama said he was a tax cutter.

So why did we win big in 2010?  Social conservatives, lead by the TEA Party, made the election about deficit spending, constitutional rights, social issues, and personal freedom.

I keep hearing that only Romney can win because only Romney is focusing on the economy.  But Romney’s solutions on the economy include a redistributive tax policy that hits up the top 1% and a plan to increase the minimum wage and price low skilled labor out of the work force.  So why is Romney the economic guru who can save us?  Because he is a successful businessman.  But that won’t get voters to the polls in 2012, especially when Obama sinks another trillion dollars in imaginary money into the economy this summer to make the election about what Americans really care about: social issues.

Think about it this way.  How much more would you pay in extra taxes if it meant abortion would be made illegal?  Or legal, if that is your preference.  Democrats are willing to pay a great deal to force everyone to cover birth control and abortion pills.  I don’t think most Democrats have realized yet just how much Obamacare is going to cost them in higher insurance premiums.  The only Democrats who don’t know that Obamacare is all about social issues and government usurpation of personal freedom are still waiting for insurance rates to magically fall.  I have bad news for them.

Obama and his energy secretary have openly admitted that they want to let oil prices keep going up so that Americans will stop using oil.  I don’t know about you, but I can’t put wind, solar, coal, nuclear, ethanol, or algae in my gas tank.  And I’ve already inflated my tires.  That’s ok though because it’s not about the economy, stupid.  It’s about social issues.  It’s about greenhouse gasses and global warming and Obama is going to win on that because Romney is focusing on the economy.  Instead of fighting Obama on the social issue of whether the government should steal our freedom to protect us from made up scientific threats, Romney will be talking about how he is the best guy to grow the economy.

When the economy is artificially inflated this fall and “I’m the best candidate to grow the economy” rings hollow, what will we have left?  Don’t be fooled, Obama is already running on social issues.  Obama and his party are fighting for big government that will take care of and coddle every poor voter they can get their hands on.  What will we have?  Someone who will promise those poor coddled voters that he will provide them with the opportunity to work hard and be successful?  That’ll get the moderates to the polls.

In general, Americans oppose taxpayer funded abortion.  They oppose federally mandated gay marriage.  They oppose federally mandated funding for abortion.  They oppose big government and big deficits.  They oppose the current size of government.  They oppose the President stealing their rights in the name of coddling them.  These are TEA party issues, not establishment issues.

2012 isn’t about the economy.  At least it won’t be.  We’re about to run the wrong candidate, again, based on January issues for a November election.  What will get people to the polls in November is whether we want a President who will prevent taxpayer funded abortion, or a President who once voted to let doctors perform abortions after the baby is born.  Where do you stand?

The worst possible scenario for Republicans in 2012 will be a race where a significant percentage of Americans don’t care who wins or think the candidates aren’t that far apart.  We saw that in 2008.  The only way Republicans will win in 2012 is if we run a distinctly conservative candidate who gives Americans a clear choice.  Vote for the radical Liberal or the radical Conservative.   The more moderate a candidate we run, the more moderate Obama will look in comparison.

If the moderates stay home in 2012 and the 40% of conservatives beat the 20% of liberals in the country, I’m ok with that.  The strategy of getting the moderate vote and praying the 40% of conservatives will hold their nose and show up is a sure loser.

Reality Check

As we head into Michigan and Arizona, the Republican party needs a reality check.  Fortunately, here it is:

Rick Santorum

The media is doing their best to paint Santorum as some sort of radical conservative religious whacko.  Hardly.  Santorum on social issues is saying what most Republicans are thinking.  The thing is, conservatives are scared to death of Obama winning re-election and many will gladly sacrifice what they believe to take the candidate everyone is telling them can win.  But here’s the thing, Obama’s economy has about a 26% approval rating and any Republican looks amazing economically next to Obama.  If Obama wins, it will be because he runs an incredible marketing campaign, race bates, and paints his opponents as somehow more socially radical than he is.  It won’t be because Obama saved the economy, unless moderates and independents are even more gullible and stupid than we thought.

What should keep Republicans up at night about Santorum is his passion on Iran.  Don’t get me wrong, I don’t want Iran to get a nuclear weapon.  I think they will use it on Israel if they do.  But America is not ready to commit to another war.  I think we would have to see another 3,000 US civilians die on one day before the majority of Americans get the stomach for what Santorum has been talking about.  That includes what he has talked about with central America.

Mitt Romney

Romney is uninspiring by design.  His economic plan is a mixture of timid populism.  In the end, what he is running on is his record of creating a great deal of personal wealth and success, as well as his management skills.  But Warren Buffett, another populist, has also made great personal success through good management, and I think he would be a terrible President.  If this election were solely about the economy,the DNC would be looking for a new candidate and Romney would already be the GOP candidate.  The fact is, as long as Romneyites continue to downplay social issues, they will continue to loose the support of the majority of conservatives who actually care about social issues.  Believe it or not, many Americans on both sides of the aisle hold the value of their social and religious issues higher than the economy.   For example, many pro-lifers would sacrifice a great deal of wealth to stop the murder of the unborn.

What keeps Republicans awake at night about Mitt Romney is the fact that even his economic plan has been as malleable as his social stances.  What was supposed to be Romney’s conservative strength has instead turned into calls to raise the minimum wage and tax the rich to redistribute to the poor.  In each case, this was a reaction from the Romney campaign to criticism from the left.

Newt Gingrich

Newt is the smartest candidate and he has the best ideas.  It is no secret that I believe this.  But Newt is easily destroyed by opponents and the media.  He has tried to run a cheap campaign with little or no ground game, which makes victory as visionary as a base on the moon.  Part of Newt’s problem is that now his electability is questionable instead of Santorum’s.  Newt isn’t going to win anything until he re-establishes himself as the only electable anti-Romney.  Every time Santorum wins another state, Newt’s chances dim even more.  Get ready for things to start looking real bad as Santorum wins Arizona and maybe Michigan.

What keeps Republicans awake at night about Newt Gingrich is how easily he is destroyed by negative campaigning and how weak his campaign structure is.  If Newt can’t beat the unelectable Santorum and uninspiring Romney in every state, how would he propose to beat Obama?

Ron Paul

No one ever thought Ron Paul would win, except maybe his 10% who also think that being obnoxious will win people over.  However, it has been noted that Paul seems to have a cozy relationship with Mitt Romney.  Perhaps Paul also thinks only Romney can beat Obama.  Or, as some have suggested, maybe Paul has a secret deal with Romney to secure a VP slot for him or his son.  Actually, a Romney/Rand Paul ticket would be an incredibly smart idea and might be the only thing that can bring the extremes of the Republican party back together.  The only thing, of course, other than Obama himself.

What keeps Republicans awake at night about Ron Paul is his Iran policy.  Yeah, maybe we aren’t ready to go to war in Iran like we did in Iraq.  But I also don’t think most Americans are ready to stick their heads in the sand and pretend that Iran isn’t a threat.  I think fewer Republicans have an appetite to continue the World America Apology Tour under a different name.

Barack Obama

The real reality check for Republicans should be a refocusing on Barack Obama.  Believe it or not, there are people out there who support him.  After Solyndra, Fast n Furious, reversing Mexico City policy, forcing religious organizations to provide abortion pills, Obamacare, and everything else Obama has done, there are actually cars on the road with Obama 2012 stickers on them.  Somehow, Obama still has a shot in this race.

What should keep Republicans awake at night about Barack Obama is that despite all that he has done to this country and to the rule of law and constitution, there are people who still support him.  The media refuses to vet Obama, even ignoring his radical social positions on abortion.  Meanwhile, in desperation Santorum is releasing economic plans that are going ignored by the party and media.  GOP candidates are doing a great job of getting their message out.  Unfortunately, their message is that each other suck.  Let’s hope that Republicans will find a way to inspire the entire base, and expose Obama on fiscal AND social issues.

A remarkable success by Santorum – a devastating night for Team Romney

Republican presidential contender Rick Santorum claimed a remarkable trifecta of wins and massive surge of momentum by sweeping Mitt Romney in all three contests in Colorado, Minnesota and Missouri.

Santorum’s victories are all the more remarkable considering Romney’s advantage in financing and organization. Tuesday’s results included losses in two states – Colorado and Minnesota – that he won in his unsuccessful 2008 presidential campaign. Minnesota also became the first state where Romney did not end up in first or second place despite having the support of former presidential candidate and State Governor Tim Pawlenty.

The stunning results by Santorum have raised fresh doubts about whether establishment favourite and perceived frontrunner Romney, can in fact win a General election or even the nomination itself after struggling to get support from the party’s conservative base.

Santorum has now finished first in four of the first eight primaries and caucuses, after his narrow victory over Romney in Iowa’s caucuses on January 3.

The former senator said his campaign was already bringing in more donations, an important consideration for a candidate who trails far behind Romney in the fund-raising race.

As he has before, Romney had seemed on track to win the nomination after big wins in Nevada and Florida last week. He had been expected to win easily in Colorado and did little campaigning in Minnesota and Missouri.

In Minnesota’s caucuses, Santorum won with 45 percent of the vote. But the state became the first this year in which Romney did not finish first or second. Congressman Ron Paul was in second place with 27 percent and Romney was third at 17 percent.

Santorum trounced Romney by 30 percentage points in Missouri, 55 percent to 25 percent. That vote was a non-binding primary, but has symbolic value as a measure of support in a big Midwestern state.

The race was closer in Colorado where Santorum won by 5 percentage points over Romney, 40 percent to 35 percent.

Santorum in his victory speech also appeared more presidential then before, setting up a contrast between himself and President Obama as more of the aloof and arrogant policies from a person out of touch with the American people, or a true conservative alternative who will listen to the voice of the people. Santorum essentially positioned himself as the champion of the American people, economic policy, social values, and defender of the constitution and first amendment in particular. It was a passionate and heartfelt speech that connected with the audience.

“I don’t stand here to be the conservative alternative to Mitt Romney, I stand here to be the conservative alternative to Barack Obama,” Santorum said. On health care, cap and trade and the Wall Street bailout, he charged, “Mitt Romney has the same positions as Barack Obama.”

Romney addressing his supporters said, “This was a good night for Rick Santorum. I want to congratulate Senator Santorum and wish him the very best. We’ll keep on campaigning down the road, but I expect to become our nominee with your help.”

I asked the question in a recent article about Mitt Romney – What does he stand for? (worldviewtonight.wordpress.com/2012/02/01/romney-florida-an-expected-success-can-he-stand-up-to-the-obama-machine/)

The reason I asked the question was not out of any dislike for Romney, I admire a lot about Governor Romney and his business success in particular. The reason I asked the question was that Team Romney were very effective at attacking President Obama and Newt Gingrich with his powerful advertising spending however; I honestly didn’t know what his vision for America was and where he stood on the key issues of the day.

Team Romney will need to have a very detailed reassessment of their strategy going forward. The tried and tested approach of going negative on his opponents, and touting his business experience combined with large rallies, has left voters and supporters devoid of enthusiasm for his candidacy.

Romney’s speech last night was almost parrot fashion repetition of his talking points from the last week. He is failing to connect with the ordinary voter and too often has appeared rehearsed and uncomfortable when put in personal one to one interviews. Romney will need to throw off the consultant shackles and be more energetic, more personal and more natural on the campaign trail or face certain defeat.

Ironically, despite his poor showing in contests which he barely contested, Santorum’s victories may also be good news for former Speaker Newt Gingrich. Team Romney will now need to develop a strategy to attack Santorum and need Gingrich to stay in the race. The longer Gingrich stays in the race, the longer it will split the conservative vote. Three weeks out of the cross hairs for Gingrich may enable him to lay the ground work for a series of victories himself on Super Tuesday, March 6, 2012.

The Romney strategy was based on spending massive early to knock-out his rivals and claim the nomination early before turning his attention towards President Obama. Last night’s remarkable series of wins by Santorum, now appears to have changed the GOP race into a near certain long drawn out affair, and even if Romney prevails as the nominee, his chances of defeating President Obama in the race for the White House in November have been damaged.

There are three winners from last night’s results. Santorum’s victories give him the momentum he needs going forward and hopefully an injection of much needed financial support. They give President Obama renewed confidence that former Governor Romney is not as strong an opponent as initially believed and the longer the race GOP race on, the more damaged he will become. Finally, it gives Gingrich hope and time to re-organise his campaign and ground work ahead of Super Tuesday to deliver a series of southern victories himself.

A bad night for Romney.

The Myth of the Obama Recovery

Depending on how you read the jobs report, you might think we are well on our way to economic recovery.  At least if you read the headlines.  Well, we should be.  In three short years, this President has increased the debt more than any President in the history of our country combined.

What do we have to show for it?

Think about it.  Think of all that we have accomplished with the last $6.3 trillion in debt.  We won two world wars, at various times brought unemployment down to 4.4% (most recently under the economic policies that supposedly got us into this mess), fought five other major wars, four major undeclared conflicts, and assisted in several other wars, gave hundreds of billions back in tax cuts, sent a man to the moon, maintained a shuttle program, bought over half the land in the country, rebuilt after a civil war, implemented civil rights, built socialistic retirement, healthcare and welfare systems, helped produce 5% and higher GDP growth, built every crumbling and non crumbling bridge in the United States today, and created a massive bureaucratic infrastructure covering roads, education, homeland security, and our entire regulatory system.

So what has Obama done with $6.5 trillion in debt?  He has brought 5.7% unemployment down to 8.3%.  Oops, I meant up to 10% and then down to 8.3%.  We have managed to get GDP just over 2% for a fleeting couple quarters.  We did continue two major conflicts which accounts for almost a trillion of Obama’s $6.5 trillion in debt.  But he didn’t do anything to stop the conflicts, and in fact started another one in Libya.

A lot of that money went in to funding failed green energy projects, such as Solyndra, which were owned by Obama’s supporters.  A lot of money went towards bailing out Wall Street and making the United States a shareholder in failed companies like Citigroup, GM and Chrysler.

One of Obama’s large debt contributions was in the form of extended unemployment benefits to make the victims of his economic policies comfortable enough to not complain.  This year when he runs on a platform of how he cut taxes, be assured that no member of the media will ask him about the taxes he has forced states to collect to fund their own broke unemployment compensation funds, and pay interest on federal loans of unemployment funds, all of which has been passed on to business owners of every size.

The amazing thing is that in his term so far, Obama has spent the equivalent of more than one full year of United States private sector GDP.  Nearly half of that has been in the form of debt.  Stop and think about that for a minute.  And yet, with more debt than every other President combined, Obama is ecstatic with an 8.3% unemployment rate?  There is something seriously wrong with this.

But it gets worse.  There is unemployment and real unemployment.  What’s the difference?  The 8.3% represents only people who are still looking for a job.  If you counted the same number of people who were looking for a job in 2007, the unemployment rate would be at 10.3% and that hasn’t changed  since 2009.

Ezra Klein at the Washington Post notes this disturbing trend which seems to show little variance in the unemployment rate when you consider people who have stopped working.  That means that with $6.5 trillion in new debt, more than all other Presidents combined, Obama hasn’t managed to increase job growth, he has just managed to increase the number of discouraged workers who are willing to settle for his extended unemployment welfare program.

In fact, although Obama will be running on the myth of jobs saved and created, in actuality there are 2.4 million fewer people working today than there were when Obama signed the stimulus in 2009. The number of people who have jobs, according to the Bureau of Labor Statistics, is down to 139 million from 141 million in 2009.

For those keeping score, it was 127 million in 2001.  Do the math.

You’re the Nominee – “The Donald” endorses Mitt

Dynamic Businessman – Donald Trump turned the Republican presidential race into a scene resembling one of his Apprentice shows by keeping everyone guessing on whom he would endorse for president. The rumours had been back and forth that he would endorse Newt Gingrich, then it was leaked that he would endorse Mitt Romney however, in true Trump fashion, he kept everyone waiting until the end before confirming his support behind Mitt Romney.

The Romney campaign did not release their public schedule until Thursday morning in an unusual move for them and even then their 20:30hrs GMT slot stood vague, offering only: “Romney for President Event. TBD Location. Las Vegas, Nevada.” Mr. Romney will appear with Mr. Trump at his Trump International Hotel & Tower.

Mr. Romney and Mr. Trump have not always enjoyed the strongest of relationships with Romney as recent as December, referring to Trump as a real estate mogul and reality television star and declined an invitation to attend a Republican debate, which “The Donald” had planned to host, but was later cancelled after other candidates pulled out and included a very public spat with Jon Huntsman.

A spokesman for Mr. Trump suggested the Romney camp would be releasing an official statement soon, and in manner typical of Trump showmanship, said, “I strongly suggest you be there no matter what.”

Trump is a controversial figure and the world’s greatest self-promoter however, like him or loath him, he brings considerable media attention where ever he speaks and when he speaks. Trump did toy with the idea of entering the race last year himself and actually led the polls prior to pulling out with catchy sound bites on U.S. trade policy being weak towards China and regarding Iran. Trump has been one of the most vocal critics of President Obama and his economic record as president. He has made no secret of his concern about the direction and future of America under another four year Obama term and has also criticised the president on the polarising approach to his presidency and his failure to unite American’s in a common cause.

Trump promised to “push our president and the country’s policy makers to address the dire challenges arising from our unsustainable debt structure and increasing lack of global competitiveness.” Following his announcement last May, that he would not be a candidate for the GOP nomination, Trump welcomed other hopefuls to his office at Trump Tower on Manhattan’s Fifth Avenue for strategy sessions. Romney made the trek, as did former candidates Michele Bachmann, Herman Cain and Rick Perry. Gingrich visited in December when he was topping polls in Iowa and nationally.

Trump’s weeks of will-he-or-won’t-he run last year, stole the media coverage and his decision to question the validity of President Obama’s birth certificate, caused such a news media firestorm that the White House was forced to publicly release the document. A feat even Hillary Clinton her campaign team had failed to achieve during the heated Democratic primary campaign four years ago.

Many will question the impact of a Trump endorsement, I believe it will not have a considerable impact on Republican voters, but most certainly on Independent voters where Romney has an increasing negativity rating in recent weeks, due to his attack ads in Iowa and Florida against Gingrich. Trump will be able to command a media audience and spotlight that no other previous endorser of Romney could hope to deliver. The media love “The Donald” and he equally loves them.

Trump said he made the decision after getting to know Romney after meeting with him several times in the past few months and it was his real honour to endorse Mitt Romney. He said Mitt was tough, his smart and he’s sharp and he’s not going to allow bad things to continue to happen to the country. Trump also cited Romney’s performances in presidential debates and his tough stance on China and OPEC as reasons for his support.

It is certain that Trump’s announcement has all but ruled out a third-party run for the White House which he threatened if the wrong GOP candidate was selected to run as the nominee. One would also have to say that with Trump’s ability to command a media audience and great communication ability, Speaker Gingrich’s hopes of winning the nomination appear to be dwindling by the day now. It will come down to his performance in the Lone Star state of Texas on 3 April, 2012. A poor showing by Gingrich in Texas will effectively finish his campaign and hand Romney the nomination.

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