Recently it was concluded that the era of recovery under Obama is dead. In fact, it was never really born. President Obama chose more regulation and more spending as means to reverse our declining economy. Businesses are loath to hire, invest, and expand it an unfriendly, insecure environment. To show this is more than just election time rhetoric consider this point. “About 6.2 million Americans, 45.1 percent of all unemployed workers in this country, have been jobless for more than six months – a higher percentage than during the Great Depression.”
There has been no recovery; in fact, things have gotten worse since Obama has held office.
As a result, he has lost the bin Laden “bounce“. An accomplishment that he should have been able to hang his hat on. However, perspective and priorities are what a president must contend. A bad economy his foremost in people’s mind. After all, the daily lives of millions hinge on opportunity and financial security. The awesome action in taking out bin Laden was a blip on the radar when it comes to what really matters. It doesn’t put people back to work, raise wages, or keep people in their homes. Obama owns this economic mess and now he and his fellow Democrats are prepared to trademark it.
House Democrats this week have amplified their calls for new spending on infrastructure and other federal projects in the face of May’s discouraging job-creation figures.
Even as Republicans are insisting on “trillions” of dollars in spending cuts, Democrats maintain that a targeted injection of additional federal dollars in the near-term would go a long way toward reversing the hiring slump. Friday’s disappointing job report, they say, only bolsters their case.
They are making the case better than the Republicans can themselves that a vastly different direction needs to be taken. In what should be a smooth reelection for a still, likable president, is turning into a sure sign of defeat.
Romney appears formidable: In a general-election trial heat in the latest ABC News/Washington Post poll he runs evenly with Barack Obama among all Americans, and numerically outpoints him, 49-46 percent, among registered voters — not a statistically significant lead, given sampling error, but a clear reflection of Obama’s vulnerability to a well-positioned challenger.
“A vast 89 percent of Americans say the economy’s in bad shape. It’s ranged from 87 to94 percent steadily since spring 2008. This gets old; people want relief. But 57 percent say that in terms of their own experience, the economy has not yet even begun to recover from the recession.”
President Obama will roll out the failed Bush policies meme unimpeded. He will talk about how he inherited a near economic collapse. It worked for a while as most Americans practiced patience. However, this presidential election the response will be, “and what have you done except make things worse”?