Welcome Instapundit Readers! While you’re here, you might want to check out my tributes to Karl Malden, my co-blogger’s reflections on the President’s tanking poll numbers, a thought on how some gay marriage activists have made demonizing Mormons their modus operandi and my observation that the MSM see Obama and Palin as blank screens upon which to project their prejudices.
Today, the Labor Department released figures showing unemployment hitting new highs, continuing to exceed even the level the Obama Administration forecast it would have attained without the “stimulus”–and considerably higher (considerably, considerably) than Democrats promised if Congress passed the legislation which may well have ended Arlen Specter’s political career. (Hey, ya’ gotta find a silver lining somewhere.)
(Chart courtesy of Innocent Bystanders.)
No wonder the President’s support is taking a hit, particularly on the economy.
Apparently, Obama is more interested in exploiting the economic crisis to achieve his own political goals* than to first accomplish what he was elected to do. Recall, how the polls started shifting in the Democat’s direction as the scope of the financial meltdown became clear. He used the economic downturn to his political advantage. People trusted him to fix the economy.
But, now instead of focusing on the economy, he continues forward a myriad of initiatives, many of which would place burdens on private industry, you know, companies which tend to create new jobs. Instead of getting us out of the mess that Obama “inherited,” the “stimulus” has made it worse.
Small businesses aren’t hiring because they are “paralyzed by regulatory uncertainty.” If they had greater confidence in the Administration’s economic plans, were less skeptical about its attitude toward the private sector, these employers might be expanding their businesses, hiring new workers and spurring economic growth.
Given the regulatory schemes proposed by the Obama Administration and the legislation proposed by the Democratic Congress, no wonder the economy continues to stagnate. Unless the President develops economic plans which work, based on models of successful recoveries, rather than adhere to theories similar to past policies which failed to end economic crises, expect unemployment to continue its upward climb. But, then again, if the economy fails to recover, expect Obama’s failures should help end the political careers of Barbara Boxer, Russ Feingold, Patty Murray and Hary Reid.
Like I said, ya’ gotta find a silver lining.
*As i was finishing writing this post, I had this thought–do you the Administration insisted on moving with such haste on the “stimulus” so they could focus on those regulatory schemes close to their hearts?