The Truth About the Economy… Obamanomics Is a Failure!

This week we found out that Team Obama was off by 2 Trillion Dollars. Hello? In ten years we will be 9 trillion dollars, not $7 trillion, in debt… and counting; and that is without so-called Healthcare reform or Cap and Trade Spending. One Trillion Dollars equals one hundred million dollars. How can you be in charge of the economy, let alone the Country, and be off by 200 hundred million dollars and claim that you know what you are doing? You can’t! You are either incompetent or lying!! Take your pick.

Also, let us remember that most of the debt doesn’t kick in until years 11 through 20.

Then, the real unemployment figures, including all the people who have dropped off the unemployment rolls, cannot find work or are working part-time… which are not part of the official government figures is between 14 and 16 %, depending who is compiling. There are counties in California that are now at 20% unemployment. What happened to the 400 million jobs saved and earned? 40% of the jobs lost are manufacturing and construction jobs that aren’t coming back. And if Cap and Tax, uh, Trade really does pass the Senate at some point, there will be more job losses. In every country where a forced green program has been implemented, there has been a loss of permanent jobs and a pretty quick turn-around loss of temporary jobs.

And the recent slight upsurge in the economy has come to us to by way of a $700+ Billion Stimulus Bill, a Cash for Clunkers Program, and huge incentives and discounts for first time home buyers, mostly buying distressed and discounted properties.

Add to this higher taxes for cigarettes, junk food and alcohol. What was that about no tax increases for people making under $250,000?

Then we are seeing utility shortages… like water in California. The government is asking Americans to cut back in their use. Most have complied; if not they are fined. Then once everyone has cut back and does without, like good citizens, the government will realize that with less usage, comes lower tax intakes, which will cause them to up the prices to recoup those taxes. Then when the shortage is over and you are finally allowed to use the normal amount again, the cost will remain at the higher rate. Explain that to the seniors living on a fixed income, many of whom have lost their nest eggs and retirement investments due to the economy, and now won’t be getting a cost of living increase for the next 2-years… because fuel costs have ‘temporarily’ dropped. And let's not forget, Obama himself told us that Cap and Trade and moving to a green economy, which Australia, China, India, Spain etc have abandoned or refused to support, "will" up the costs of energy for all Americans.

Add this all up and it spells trouble!!!

And now Team Obama and the Dems want to add another $1 Trillion to $1.6 Trillion to the staggering debt for a Healthcare Bill that everyone is realizing won’t work and most Americans don’t want. And let's remember:

• The White House was just 2 Trillion off in their debt estimates.

and

• It is impossible to cover more people, maintain or improve healthcare, and cut costs!

If you think healthcare is expensive now… wait until it is free.

Ask Marion/Marion Algier

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Poll: Voters Skeptical About Obama's Recovery Plan

WASHINGTON - Americans are skeptical that President Barack Obama will solve the economic crisis within two years but still overwhelmingly approve his job performance, a new poll found Wednesday.

Most voters also support Obama's mortgage rescue plan unveiled last month in a bid to quell a rising tide of home foreclosures, but they think it is unfair to people who played by the rules and met all their payments.

The large snapshot of more than 2,500 voters reveals deep pessimism among U.S. voters about the state of the economy and prospects for a recovery, according to the Quinnipiac University Polling Institute.

Half of the survey sample was asked whether they believed that the federal government could fix the economic crisis within two years and answered no by a margin of 68 to 26 percent.

The other slice of the survey group was asked whether Obama alone would be able to lead the country out of the economic mire within the same time period, and answered no by a 64 to 28 percent margin.

Yet Obama's approval rating, so far at least, seems immune to the impact of the worst economic crisis in decades: 59 percent of those polled said they approved of the job their new president is doing, compared with 25 percent who did not.

Overall, voters approve of Obama's handling of the economy 57 to 33 percent, and significantly give him much higher marks on the issue - 56 to 26 percent - than Republicans.

"President Barack Obama's approval rating is solid, compared to the historical record of new presidents," said Peter Brown, assistant director of the institute.

"But the lofty numbers he enjoyed after his election are leveling off, largely because of declining support among Republicans," Brown said.

There is also more good news than bad for Obama on three of his key domestic policy priorities, which he has been highlighting in the last two weeks.

By a 55 to 39 percent margin voters believe that he will get healthcare reform, an issue that has bedeviled past Democratic presidents, through the Congress this year.

By a 61 to 35 percent breakdown they also say they believe Obama when he promises not to raise taxes on anyone with a family income under 250,000 dollars a year.

But the president's vow, made last week to cut the ballooning budget deficit in half by the end of his term in 2013, draws more cynicism.

Fifty-five percent of Americans do not believe he can do it, compared to 38 percent who do.

The survey was conducted between February 25 and March 2 among 2,573 voters with a margin of error of plus or minus 1.9 percentage points.

© 2009 Agence France Presse. All rights reserved.

© 2009 Newsmax. All rights reserved.

Source:  Daily Thought Pad