Wednesday, July 01, 2009

It's July 1st and we are watching the "slow but certain" collapse of "hope and change"!



If Pres BO was a stock then your stockbroker would scream: SELL!

If Pres BO was a baseball team then the sports pages would say: COLLAPSE OF THE LOCAL TEAM!

Yes, Pres BO is a man in decline and it's only going to get worse:

Where is he going to find US$ 2 trillion to balance the federal budget in October?

When will we need another stimulus because the first one did not stimulate?

When will he stand up to a thug?

This is today's Rasmussen:

"Overall, 54% of voters say they at least somewhat approve of the President's performance so far. Forty-six percent (46%) disapprove.

Eighteen percent (18%) say that Congress is doing a good or an excellent job."

Why does the 54% number matter so much?

He won 52-47%!

In other words, Pres BO is barely holding on to his voters.

Worse than that, the trend is not pretty. See the graph above!

Why is BO melting?

First, he is breaking a campaign promise every day.

From Iraq to GITMO, he is turning off all of the "yes we can" screamers who cried on election night!

Second, he is going to raise taxes and everybody knows it: More Voters See Their Taxes Increasing Under Obama

Dick Morris has a good post:

"It is ultimately these tax increases which will drive Obama’s congressional majority from office in the 2010 elections.

His stimulus package, raising the deficit damaged the recovery by raising interest rates. Now he will complete the catastrophe by raising taxes.

Together, these tax hikes and interest rate increases will choke off any recovery the business cycle would naturally catalyze.

From now on, its Obama’s recession."

Third, this is slowly turning into BO's economy: 39% Now Blame Bad Economy on Obama’s Policies

On foreign policy, we see confusing signals.

We see protectionism rather than a "jobs first" approach.

We see weakness (Iran) and utter confusion (Honduras).

And worst of all, we see a president who is not very interested in foreign policy issues unless he gets to give a big speech.

We call it the "Carter-ization of Obama" and it's coming a lot quicker than most of us even thought!


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