Today, our country is in such an economic downturn that the economy of 1992 might as well have been the roaring 20’s. As usual, the next election will focus on the economy, which is bad news for Barack Obama. Even though Barack Obama ordered the mission to kill Osama Bin Laden, it will be a non-factor in the election next year. People have already celebrated the death, but moved on from the incident, a mere six weeks after crowds jammed the streets of New York and Washington D.C.
In the next election, a more pressing issue will be the horrible economy. The last report showed a troubling 9.1 percent unemployment, with a higher rate of chronically unemployed people than in the midst of the Great Depression. If such factors remain in place next year, the American people will not reward the President with another term.
What can Obama do to turnaround this situation? Unfortunately, his ideas usually cause more problems. Obama’s attempts to revive the economy have all failed. Remember, the stimulus plan was going to reduce unemployment to below 8 percent? Of course, all that boondoggle did was create government contracts and wasteful spending.
In fact, even President Obama admitted that his stimulus plan was a big failure. In a speech this week, he noted that the “shovel ready projects were not quite as shovel ready” as he thought. Now he tells us! One trillion dollars of waste later! At least he is admitting that the phony jobs rationale for the stimulus plan was a big lie.
The American people are finally starting to understand the dangers of a second term for Obama. In the latest Gallup poll, 44 percent of Americans prefer an unnamed Republican presidential candidate versus only 39 percent who would chose Obama again. Back in May, Obama was leading by three points due to the popularity bounce he received from the Bin Laden mission. Today, the bump in the polls is gone and as more Americans suffer under the Obama economy, the results for the President will continue to decline.
Republicans could nominate Bozo the Clown and beat Obama if unemployment is still over 9 percent. History shows that no President has ever won re-election if the unemployment rate exceeds 7.2 percent. There is little chance our country will see such improvement in the 16 months.
To escape blame for the bad economy, the President is searching for villains. In an interview on NBC this week, Obama blamed the advance of technology like ATM’s for taking away teller jobs. So, he is using the tired old technology excuse on the American people. Yet, Americans realize that change is inevitable and the real problem is that Obama has no workable plan to help Americans deal with such innovations in our economy.
This is the one year anniversary of the President’s much ballyhooed “Recovery Summer” of 2010. Unfortunately, the stimulus plan failed and the result was the “Recession Summer” of 2010, which has engulfed our country throughout the Obama administration.
There was no recovery last year and there will be no recovery next year if the President continues to pursue his liberal polices. The American people will understand the stakes and make Barack Obama another one term President like Jimmy Carter. If not and he is somehow re-elected, the recession will end alright, but it might be followed by something even worse, a depression. We cannot afford to take that chance.
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