Sunday, August 15, 2010

Deutschland Ueber Alles as POTUS Zero Ruins US Economy

Let's raise the taxes on tea! And cut back on foodstamps!

Angela Merkel has a real PhD, not an affirmative action Ivy League PC gold-star mulatto award from Columbia & Harvard Law.
..[Germany's] strong growth figures will also bolster the conviction here that German workers and companies in recent years made the short-term sacrifices necessary for long-term success that Germany’s European partners did not. And it will reinforce the widespread conviction among policy makers that they handled the financial crisis and the painful recession that followed it far better than the United States, which, they never hesitate to remind, brought the world into this crisis.

A vast expansion of a program paying to keep workers employed, rather than dealing with them once they lost their jobs, was the most direct step taken in the heat of the crisis. But the roots of Germany’s export-driven success reach back to the painful restructuring under the previous government of Chancellor Gerhard Schröder.

By paring unemployment benefits, easing rules for hiring and firing, and management and labor’s working together to keep a lid on wages, Germany ensured that it could again export its way to growth with competitive, nimble companies producing the cars and machine tools the world’s economies — emerging and developed alike — demanded.

Very unlike the bloated hiring of public sector workers, stipulations that stimulus projects be done by SEIU & other thuggish unions, and the cowardly cringing political spendthrift policies of the feckless eff-up in the US Oval Office. Not to mention the increase in taxes and the ridiculous paperwork monster health care program disliked by over 60% of the American people.

To absolutely no one's surprise,lGallup released a poll this weekend that said the sagging US economy is the uppermost worrisome problem in the minds of the average American now convinced the country made a mistake two years ago electing an untested, untriec amateur.

The Problem lies deeper, however, as Americans are now becoming convinced as a majority that Obama is not only simply not up to the job, and lacks a work ethic and strength of character to personally surmount the daunting tasks his whilrwind & virtually unexamined political past has ill-prepared him for, but indeed has added a myriad of imbecilities besetting the country siimply by being a clueless dolt. Here's the prestigious Telegraph's view from across the pond:
"Can it get any worse for President Obama? Undoubtedly yes. Here are 10 key reasons why the Obama presidency is in serious trouble, and why its prospects are unlikely to improve between now and the November mid-terms.
1. The Obama presidency is out of touch with the American people
In a previous post I noted how the Obama presidency increasingly resembles a modern-day Ancien Régime, extravagant, decaying and out of touch with ordinary Americans. The First Lady’s ill-conceived trip to Spain at a time of widespread economic hardship was symbolic of a White House that barely gives a second thought to public opinion on many issues, and frequently projects a distinctly elitist image. The “let them eat cake” approach didn’t play well over two centuries ago, and it won’t succeed today.
2. Most Americans don’t have confidence in the president’s leadership
This deficit of trust in Obama’s leadership is central to his decline. According to a recent Washington Post/ABC News poll, “nearly six in ten voters say they lack faith in the president to make the right decisions for the country”, and two thirds “say they are disillusioned with or angry about the way the federal government is working.” The poll showed that a staggering 58 per cent of Americans say they do not have confidence in the president’s decision-making, with just 42 per cent saying they do.
3. Obama fails to inspire
In contrast to the soaring rhetoric of his 2004 Convention speech in Boston which succeeded in impressing millions of television viewers at the time, America is no longer inspired by Barack Obama’s flat, monotonous and often dull presidential speeches and statements delivered via teleprompter. From his extraordinarily uninspiring Afghanistan speech at West Point to his flat State of the Union address, President Obama has failed to touch the heart of America. Even Jimmy Carter was more moving.
4. The United States is drowning in debt
The Congressional Budget Office Long-Term Budget Outlook offers a frightening picture of the scale of America’s national debt. Under its alternative fiscal scenario, the CBO projects that US debt could rise to 87 percent of GDP by 2020, 109 percent by 2025, and 185 percent in 2035. While much of Europe, led by Britain and Germany, are aggressively cutting their deficits, the Obama administration is actively growing America’s debt, and has no plan in place to avert a looming Greek-style financial crisis.
5. Obama’s Big Government message is falling flat
The relentless emphasis on bailouts and stimulus spending has done little to spur economic growth or create jobs, but has greatly advanced the power of the federal government in America. This is not an approach that is proving popular with the American public, and even most European governments have long ditched this tax and spend approach to saving their own economies.
6. Obama’s support for socialised health care is a huge political mistake
In an extraordinary act of political Harakiri, President Obama leant his full support to the hugely controversial, unpopular and divisive health care reform bill, with a monstrous price tag of $940 billion, whose repeal is now supported by 55 per cent of likely US voters. As I wrote at the time of its passing, the legislation is “a great leap forward by the United States towards a European-style vision of universal health care, which will only lead to soaring costs, higher taxes, and a surge in red tape for small businesses. This reckless legislation dramatically expands the power of the state over the lives of individuals, and could not be further from the vision of America’s founding fathers.”
7. Obama’s handling of the Gulf oil spill has been weak-kneed and indecisive
While much of the spilled oil in the Gulf has now been thankfully cleared up, the political damage for the White House will be long-lasting. Instead of showing real leadership on the matter by acing decisively and drawing upon offers of international support, the Obama administration settled on a more convenient strategy of relentlessly bashing an Anglo-American company while largely sitting on its hands. Significantly, a poll of Louisiana voters gave George W. Bush higher marks for his handling of the aftermath of Hurricane Katrina, with 62 percent disapproving of Obama’s performance on the Gulf oil spill.
8. US foreign policy is an embarrassing mess under the Obama administration
It is hard to think of a single foreign policy success for the Obama administration, but there have been plenty of missteps which have weakened American global power as well as the standing of the United States. The surrender to Moscow on Third Site missile defence, the failure to aggressively stand up to Iran’s nuclear programme, the decision to side with ousted Marxists in Honduras, the slap in the face for Great Britain over the Falklands, have all contributed to the image of a US administration completely out of its depth in international affairs. The Obama administration’s high risk strategy of appeasing America’s enemies while kicking traditional US allies has only succeeded in weakening the United States while strengthening her adversaries.
9. President Obama is muddled and confused on national security
From the wars in Afghanistan and Iraq to the War on Terror, President Obama’s leadership has often been muddled and confused. On Afghanistan he rightly sent tens of thousands of additional troops to the battlefield. At the same time however he bizarrely announced a timetable for the withdrawal of US forces beginning in July 2011, handing the initiative to the Taliban. On Iraq he has announced an end to combat operations and the withdrawal of all but 50,000 troops despite a recent upsurge in terrorist violence and political instability, and without the Iraqi military and police ready to take over. In addition he has ditched the concept of a War on Terror, replacing it with an Overseas Contingency Operation, hardly the right message to send in the midst of a long-war against Al-Qaeda.
10. Obama doesn’t believe in American greatness
Barack Obama has made it clear that he doesn’t believe in American exceptionalism, and has made apologising for his country into an art form. In a speech to the United Nations last September he stated that “no one nation can or should try to dominate another nation. No world order that elevates one nation or group of people over another will succeed. No balance of power among nations will hold.” It is difficult to see how a US president who holds these views and does not even accept America’s greatness in history can actually lead the world’s only superpower with force and conviction.
There is a distinctly Titanic-like feel to the Obama presidency and it’s not hard to see why. The most left-wing president in modern American history has tried to force a highly interventionist, government-driven agenda that runs counter to the principles of free enterprise, individual freedom, and limited government that have made the United States the greatest power in the world, and the freest nation on earth.
This, combined with weak leadership both at home and abroad against the backdrop of tremendous economic uncertainty in an increasingly dangerous world, has contributed to a spectacular political collapse for a president once thought to be invincible. America at its core remains a deeply conservative nation, which cherishes its traditions and founding principles. President Obama is increasingly out of step with the American people, by advancing policies that undermine the United States as a global power, while undercutting America’s deep-seated love for freedom.

The Daily Caller may sum up Obama's problems in a nutshell:
On Tuesday, the president’s approval had fallen to 44.4 percent. Disapproval had jumped to 50.4 percent.

The graph illustrating the movement is stark. After muddling through the past year in parallel lines, the black line for approval has taken a nose dive and the red line for disapproval has shot up.

This movement coincides with growing fears that the economic recovery hoped for and heralded by Obama and Democrats has fallen far short of expectations and may be dissolving in the face of another downturn. The Federal Reserve’s signal of reduced confidence in the economy on Tuesday caused anxiety on Wall Street Wednesday, as the Dow Jones Industrial Average fell 265 points.

“Malaise and stagnation are the best case and a second collapse is the worst case. You can’t take a second collapse off the table,” said market and financial analyst Jim Rickards, of Omnis.

“Those numbers are going to get worse for Obama because the economy is going to get worse,” Rickards said. “This is a depression. It’s a depression that began in 2007, and it will probably run until at least 2012, maybe 2013.”

Gallup’s daily tracking poll, which formulates its numbers differently than Real Clear Politics, shows less fluctuation. But even there, Obama has gone from 47 percent approval and 46 percent disapproval a month ago to a 45/48 spread.

“It’s clearly not where the president hoped he’d be — or thought he’d be — after passing the stimulus, health care reform, and Wall Street reform,” said Dee Dee Myers, former White House press secretary to President Bill Clinton. “And it just confirms what presidents who govern in bad economic times all know (or learn): they’re lashed to those job numbers like Ahab to Moby Dick.”

As Michelle Obama is beginning to prove to be another Marie Antoinette in her spendthrift trip to Spain and as her anti-obesity program is being funded by cutbacks in food stamps, Obama may begin to resemble Louis XVI with a political guillotine metaphorically just two & a half short years away!

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