CapitalistMarks

Obama’s mistake

Posted on 28. Jan, 2010 by scott in economic daydreaming, political munglings

I was spell-bound as President Obama addressed the nation last night.  With a wonderful opportunity to unify the nation he struck out.  He disappointed me.  The guy is  real personable and he is on of the best at political rhetoric.  Yet, I believed he failed.

How do I count the ways?

Jeeze Louise, couldn’t he have dropped back just a little bit before making the ‘hail Mary’ pass?

Sure he talked about unemployment and even mentioned a few generalized notions about how to deal with the problem . . . but, nothing specific and nothing immediate.  Strike one.

As I predicted the stock market, which represents most of us through direct investment or indirectly through ownership of funds/retirement accounts or such, tanked.  The DOW was down 181 points early on and was only a ‘fiddy-cent’ away from breaking through the 10,000 barrier.  Anyway a BIG strike one.

The next problem was that Obama apparently has decided to continue his original massive agenda to change America in his own way.  He didn’t back down on a single issue.  This of course diminished the issue of unemployment.  How the heck can he expect a now crippled congress to pursue the ‘Obama’ agenda?  If you are at a huge, expensive buffet — everyone knows you have to pick mostly the best stuff and leave the ‘veggies’ alone.  Every one but our President.   Hence, strike two.

Then the fact that he blamed everyone but himself for our current miserable status.  Wasn’t he the one that promised the stimulus would hold unemployment to 8%?  Dang, he blamed Bush and everyone else who was involved in the previous 8 year administration–as if Obama himself  could have done nothing to save us.  You take the job . . . you gotta take the blame, my man.  Don’t hide in the White House . . . get out and about (not just at democrat fund raisers).

It was such a partisan speech, yet he took big jabs at the dems, and huge one at the repubs.  Shoot, he even managed to offend the Supreme Court and the Joint-Chiefs-of-Staff.  He wants gays in the military, limits on corporate election spending and to tax every state that uses coal to generate electricity?  Why doesn’t Obama just make this great nation one huge state . . . he could be the Governor and run forever.

Oh, ohh . . . strike three!

Then there was the 2,000,000 jobs he supposedly saved.  How the heck can he ever prove that! Even if its true it doesn’t comfort the 15 million that are still out of work.

President Obama seems to be living in another world (‘Avatar’?) and not paying any attention to public opinion.  The poor dems must be shaking in their already shaky ‘red’ election shoes.

This unrelenting, strident approach to the Presidency is not working.

The shotgun approach Obama is taking  is clearly wrong and misdirected.  The only thing that I can think is that he is throwing so many ‘things’ out there that he is just hoping  one of them will hit the target and make him a hero.

That is not going to happen.

And what is up with promising that American exports are going to double in 5 years?  CNBC confirmed this morning that the last time we doubled exports it took 12 years.  What is this guy smoking?  Strike four (guess this is a new and different game).

As I wrap this up Ben Bernanke has been confirmed by the Senate to continue as the head of the FED for another 4 years and that should help the market — oww, the DOW  closed down only 115 points.

You paying attention Mr. President.

It is ALL about:

Unemployment, Unemployment, Unemployment!!!!

thanks for the flickr photo to the giant vermin

Tags: democrats on the run, exports, misguided economic policy, republicans celebrating, state of the union, unemployment