Prediction: Obama will be a one term President.
According to Rasmussen Reports Obama’s approval rating is down to 51% (his lowest yet) and continuing to fall. New jobless numbers are not helping him.
His gaff prone VP Joe Biden recently said that they “misjudged” the employment situation in the economy. Really? You mean the government stimulus and takeover of private industry is not having the outcome you thought it would?
On the other hand, some purist kool-aid drinkers are still in denial and saying we should allow more time for all the economic wizardry to work. Right! We should just have government continue to take over private industry (healthcare) and tax our very act of breathing (carbon tax), destroy our standard of living, and expect things will get better?
For freedom loving Americans, the prospect of Federal home inspectors coming into our houses without a warrant to check the energy efficiency of our windows is just a bit too much! 4th amendment anyone?
Another bill that will take away freedom of Americans if passed is HR 45. It would require EVERY individual to have a FEDERAL firearms license in order to buy or sell a firearm! This bill and others like it are attempts at gun control. How many people with guns have a FEDERAL firearms license? Not very many. 2nd amendment anyone? What part of “shall not be infringed” do Obama and Congress not understand?
U.S. News and World Report is now reporting that Obama’s aids are saying that a second stimulus “might eventually be needed”. Let’s see, the first stimulus was passed with Nancy Pelosi saying we would lose 500 million jobs if it did not become law!
We now have unemployment nearing double digits. Some say we could add 5-10% to the unemployment figure if we don’t count newly created government jobs, and also the number of people looking for jobs that have accepted part-time employment. That means the true unemployment figure could be as high as 15-20%. What’s more disconcerting, is that the jobless numbers continue to increase!
Our recession will be more like the “Great Depression” the more the government tries to manipulate markets. However, just like Mikhail Gorbachev, Obama and Congress seem hell-bent on maintaining this suicidal course. Gorbachev was the last President of the Soviet Union. He knew his country’s economy was bad. However, he felt that if they just implemented the right kind of government reforms and programs they could fix it. He was wrong. His country collapsed, totally.
We know from history that government run centrally planned economies don’t work. We also know, from our own history, that a free market capitalism can bring prosperity to our people.
I predict the expansion of government and accompanying efforts to take away American freedoms will drive Obama out of office at the end of his first term. Time will tell…