By Jennifer Rubin
President Obama has staked his reelection on running against a Republican Congress. There are lots of problems with that, including the acknowledgement implicit in that gambit that he can’t effectively work on a bipartisan basis. But his biggest obstacle is his own party. Politico reports:
Several moderate Democrats and Republicans appear to be struggling to overcome “stimulus fatigue” setting in among voters back home and are withholding support for now — meaning the latest proposal is at risk of winning even less backing than the president’s signature economic bill, which fell nine votes shy of breaking a GOP-led filibuster last week.".................
I think most people understand that you can't spend your way out of debt, maybe even a few politicians. When the only play Barry has is spend and tax I understand why reasonable people throw on the brakes, when those people are in Barry's party it has to ring a bell that Barry doesn't want to hear.
I can explain it to you but I can't understand it for you.
"Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian." - Henry Ford
Corruptissima re publica plurimae leges; When the Republic is at its most corrupt the laws are most numerous. - Publius Cornelius Tacitus
I supported the first stimulus program to prime the pump, but it didn't work very well, and I think the American public has decided the same thing. Obama & Bernanke have no more tricks to jump start the economy.
If Obama was actually convincing middle America that his Jobs bill would work, Dem Rep's and Senators would be voting to pass it, instead they are voting with the Republicans.
Sidebar: I am starting to hear some worrying signs coming out of the Chinese economy, thye have overbuilt, not only housing developments, but whole towns, a Asian property bubble is about to burst. Combined with the current Euro troubles, we could one day remember the good times when the unemployment rate was only 9% with 4% inflation.
Obama might be laughing in 2012 and telling Romney, "You can have this mess, sucka."
Thomas Sowell: There are no solutions, just trade-offs.