THE FAILURE OF OBAMANOMICS
The data is in for April. Here’s what happened:
1. Household personal income (inflation adjusted) rose but every penny – and then some – went into savings or paying down debts. Consumer spending, on which Obama is betting to stimulate the economy, actually fell. None of the stimulus money was sent. None.
2. Meanwhile, to pay for this stimulus spending that didn’t stimulate, Obama had to borrow so much money that long term interest rates have almost doubled since he took office, forcing postponement of abandonment of business expansion and hiring across the board.
What a record!
WHAT’S KEEPING OBAMA UP?
Published on TheHill.com on June 2,2009
The Rasmussen poll conducted over the weekend of May 30-31 asked a key question designed to give us perspective on Obama’s current popularity. The question was whether the current problems “are due to the recession that began under the Bush administration or to the policies Obama has put in place since taking office.” In other words, who’s to blame, Bush or Obama?
By 62-27, voters say Bush is still the culprit.
THE REAL GENUFLECTION TO THE SAUDIS
When President Obama first met the Saudi royals, he seemed to bow at the waist. Either that or he doubled over in pain. Did he bow? Or didn’t he bow? That was the topic du jour at the press briefing that day.
But now we have the answer: Obama is, indeed, really bowing to the Saudis as he visits the Middle East this week.
