The Trainwreck that is Obamanomics

The Economy is off the rails

American capitalism is the engine room of the global economy. Sadly, the guy in the engine room doesn’t know how the machine works. All he knows is how to toot his own horn. This is the real difficulty of the next four years if President Obama wins another term.

What should worry you is that Romney and Ryan are making little headway in the polls. Obama has the advantage of being the incumbent. George W. Bush had the same advantage, and in spite of negative perceptions abroad and demonization in the media at home, he still won in 2004. Obama has a lot less against him.

Romney needs to focus on the economic issues, not get himself embroiled and lost in skirmishes on foreign policy issues. He needs to do two things. First, he needs to clearly spell out the trajectory four more years of Obamanomics will take us through.

Spell it out:

Step by step.

Failure by failure.

Cent by cent.

The Fraser Institute in Vancouver points out that Canada is more economically free than America. Where is America? Between Qatar and Kuwait. If that is not a warning bell then I don’t know what it is.

Obama sold himself on the economic issues in 2008, which made the economy even worse. Investors and businesses took even more drastic decisions in response to the Obama gloom rhetoric. Having set up the premise that the global economy was in a more severe state than it actually was, he set himself up as savior. He promised he would come in on wings of angels, as Hilary herself told us, to save the world.

And it worked! As an election promise, as a selling point, it worked. As a presidency, it has failed miserably. He got four years and he’s blown it. The engine is going off the rails.

Does this look like a competent driver to you?

The debt piles up. The jobless are piling up. The government is bloated even more. People, as Romney rightly said, are increasingly dependent, and voting for Romney would feel to them like turkeys voting for Christmas.

If Obama stays in situ, then the engine will break down beyond repair. America cannot afford the load he is trying to pull, and nor can the global economy.

Romney and Ryan need to focus. If they can’t get this message home, and if they can’t inspire America to get this engine moving again, then they don’t deserve the job in the driving seat.

Fraser report can be found here: http://www.freetheworld.com/release.html

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The Disadvantage of Ron Paul and Michele Bachmann

Bookmark and ShareThe debt. The deficit. The debt ceiling. Default. Social security checks. Medicare payments. Balanced Budgets. Tax increases. Gang of six. Cut, Cap and Balance. Headlines all in the past week. Headlines that, for the most part, the Republican candidates for President have been able to take a stand on without actually having to take a solid position. That is unless you are Ron Paul or Michele Bachmann, the 2 candidates who are sitting members of the House Of Representatives.

2012 GOP Presidential leader and former MA Governor Mitt Romney has stated that “The answer for the country is for the president to agree to cut federal spending, to cap federal spending and to put in place a balanced budget amendment.” “If the president were to do those things, this whole debt issue would disappear.” He has declined to say whether he would support a compromise.

Former MN Governor Tim Pawlenty said in Iowa this week, “Eventually you run out of money, but what you do is you buy yourself a bunch of time to have the debate about real reform.” A vague statement but one that allows him to offer an opinion without having to land solidly behind a plan.

Paul and Bachmann however are forced, through their House seats, to vote for or against the actual plans. They are not afforded the luxury to simply make broad statements without taking a position that the other candidates are. Both Paul and Bachmann were also among the nine House Republicans who voted Tuesday night against the ‘cut, cap and balance’ bill that would reduce 2012 spending by more than $100 billion, cap it over the next decade and prohibit more government borrowing until Congress passes a constitutional amendment requiring a balanced budget. Harry Reid has vowed it will not pass the Senate and the President has vowed to veto it if it does.

Ron Paul said it wouldn’t live up to it’s promises, passing the cuts off for years and Bachmann said it didn’t go far enough to cut spending.

So are candidates that hold seats in Congress at a disadvantage when it comes to being able to use the rhetoric on an issue? Douglas Holtz-Eakin, who was a top economic policy adviser to Republican Party presidential nominee John McCain in 2008 but not aligned with any of the contenders this time around stated, “What they would like to have is the issue and that’s the difference between them and the congressional leaders. They need an issue. The congressional leaders need a result.”

We will see in the coming days and months leading up to the Iowa caucus if the other candidates try to pull the votes of Paul and Bachmann into the fray. While the other candidates can rely on rhetoric and easily take the stance that the polls dictate are popular, sitting members of Congress have to take a solid stand on the bills before them. A disadvantage for sure in a large candidate field with a mere 2 current legislators in it’s ranks.

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Daily Tweet: Col. Allen West Takes on President Obama

Bookmark and Share The best tweet of the day comes from Congressman Allen West who in regards to the rhetoric being used byPresident Obama’s to defend hisunwillingness to appropriately confront our nation’s spending addiction and mounting national debt, tweeted; “This demagoguery must be met head on. Now is not the time for class warfare, arrogance in leadership or political incompetence in America.”

As usual, Col. West is right and thankfully he has the courage to tell it like it is and not dance around the truth!

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