Friday, March 13, 2009

Trust me: We are not the only ones concerned about Obama!

The staffing mess goes on: Chas Freeman pulls out

Another Treasury nominee dropping out? (ABC NEWS: Another Top Treasury Pick Withdraws From Consideration.)

Speaking of Treasury, where is Sec Geithner's plan?

Didn't we hear during the transition that they were working 24/7 to put a plan together? Wasn't that 100 days ago? (Obama's econ failure: Still no plan to fix the banks)

Our allies are re-thinking Obama-mania! They didn't realize that Obama-mania came with protectionism! (Brazil's da Silva Warns Against Protectionism)

"He repeatedly says he's doing things that he isn't, trusting his powerful rhetoric to obscure the difference.

He has made "responsibility" a personal theme; the budget's cover line is "A New Era of Responsibility."

He says the budget begins "making the tough choices necessary to restore fiscal discipline."

It doesn't."

Last, but not least, Pres Obama spent the last 24 months saying that this was the worst economic crisis since Joan of Arc.

Now, he is saying that things are not as bad as we think. (Economic crisis 'not as bad as we think')

Weren't these the same people who mocked Pres Bush or Sen McCain when they said that the US economy was sound?

Jennifer Rubin has an interesting post today. It is Don’t Blame Me — I Voted for the Other Guy:

"And those presidential poll numbers are certainly floating downward.

Jake Tapper asks if Barack Obama is doing too much.

Howard Fineman complains that “the American establishment is taking his measure and, with surprising swiftness, they are finding him lacking.”

And Camille Paglia unloads on everything from Barack Obama’s incompetent staff to the petty attack on Rush Limbaugh.

Even Tom Friedman has taken to pleading with the president to focus on the plunging markets and financial recovery efforts.

Then there are the conservatives who have become apoplectic and, frankly, entirely reengaged by the fear of a fundamental shift away from the free market system in America."

Alexander Bolton adds Obama's honeymoon bliss fading :

"Some Democrats have started to worry that voters don’t and won’t understand the link between economic revival and Obama’s huge agenda, which includes saving the banking industry, ending home foreclosures, reforming healthcare and developing a national energy policy, among much else."

Why are some people concerened that Pres BO is on the wrong track? It could be that his budget is so unrealistic.

See Who's Obama Kidding? by Brian S. Wesbury and Robert Stein:

"The forecast is rosy from the get-go.

The budget forecasters assumed that the economy would grow at a 3% annual rate starting in April and that real GDP would fall just 1.2% in 2009 from 2008.

Then, from 2010 through 2013, the administration assumes that real GDP will grow at a 4% annual rate.

To put this in perspective, that is twice as fast as the economy's 2% annual rate of growth between 2004 and 2008.

This is not impossible, but the only other periods that came close to this 4% growth rate for such a prolonged period of time were in the late-1990s and mid-1980s.

Forgive us for pointing this out, but both of these periods followed major shifts toward freer markets and tax cuts, not bigger government and tax hikes.

There is no period in U.S. history where tax rates and the size of government both increased, and yet real GDP growth accelerated as sharply as the Obama team forecasts."

So he can't put a team together!

So he is not focusing on the major issue!

So Sec Geithner is still working on a plan!

So the budget forecasts are so rosy that it borders on dreaming!

Yes, we cut Pres Obama a little slack because time are tough.

However, we also think that he is making matters worse.

It's time for Pres BO to declare war on the recession rather than those of us who produce and pay taxes! Or, the polls will continue to drop: Obama's Poll Numbers Are Falling to Earth!




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