HowardObama Will Go, and Soon
Real Crash- Looking at the Financial System and the War Drive:
From Teenage to Obama Wasteland
This article in the London Telegraph of August 12th, 2010 goes through why a faction of the British oligarchy wants to get rid of Obama now. Some of the reasons are wrong, but the conclusion is correct. The only real solution is to get Obama out, get the Glass-Steagall separation of the investment banks from all bailouts, and issue new credit via the NAWAPA, water from Alaska project, to put 4 million people back to work immediately.
Obama's big government trip is a bailout for Wall St. and the money center banks, but is of no help for anyone else. Here is the Telegraph article:
The stunning decline of Barack Obama: 10 key reasons why the Obama presidency is in meltdown
By Nile Gardiner, August 12th, 2010
The last few weeks have been a nightmare for President Obama, in a summer of discontent in the United States which has deeply unsettled the ruling liberal elites, so much so that even the Left has begun to turn against the White House. While the anti-establishment Tea Party movement has gained significant ground and is now a rising and powerful political force to be reckoned with, many of the president's own supporters as well as independents are rapidly losing faith in Barack Obama, with open warfare breaking out between the White House and the left-wing of the Democratic Party. While conservatism in America grows stronger by the day, the forces of liberalism are growing increasingly weaker and divided.
Against this backdrop, the president's approval ratings have been sliding dramatically all summer, with the latest Rasmussen Daily Presidential Tracking Poll of US voters dropping to minus 22 points, the lowest point so far for Barack Obama since taking office. While just 24 per cent of American voters strongly approve of the president's job performance, almost twice that number, 46 per cent, strongly disapprove. According to Rasmussen, 65 per cent of voters believe the United States is going down the wrong track, including 70 per cent of independents.
The RealClearPolitics average of polls now has President Obama at over 50 per cent disapproval, a remarkably high figure for a president just 18 months into his first term. Strikingly, the latest USA Today/Gallup survey has the President on just 41 per cent approval, with 53 per cent disapproving.
There are an array of reasons behind the stunning decline and political fall of President Obama, chief among them fears over the current state of the US economy, with widespread concern over high levels of unemployment, the unstable housing market, and above all the towering budget deficit. Americans are increasingly rejecting President Obama's big government solutions to America's economic woes, which many fear will lead to the United States sharing the same fate as Greece.
Growing disillusionment with the Obama administration's handling of the economy as well as health care and immigration has gone hand in hand with mounting unhappiness with the President's aloof and imperial style of leadership, and a growing perception that he is out of touch with ordinary Americans, especially at a time of significant economic pain. Barack Obama's striking absence of natural leadership ability (and blatant lack of experience) has played a big part in undermining his credibility with the US public, with his lacklustre handling of the Gulf oil spill coming under particularly intense fire.
On the national security and foreign policy front, President Obama has not fared any better. His leadership on the war in Afghanistan has been confused and at times lacking in conviction, and seemingly dictated by domestic political priorities rather than military and strategic goals. His overall foreign policy has been an appalling mess, with his flawed strategy of engagement of hostile regimes spectacularly backfiring. And as for the War on Terror, his administration has not even acknowledged it is fighting one.
Can it get any worse for President Obama? Undoubtedly yes. Here are 10 key reasons why the Obama presidency is in serious trouble, and why its prospects are unlikely to improve between now and the November mid-terms.
1. The Obama presidency is out of touch with the American people
In a previous post I noted how the Obama presidency increasingly resembles a modern-day Ancien Regime, extravagant, decaying and out of touch with ordinary Americans. The First Lady's ill-conceived trip to Spain at a time of widespread economic hardship was symbolic of a White House that barely gives a second thought to public opinion on many issues, and frequently projects a distinctly elitist image. The "let them eat cake" approach didn't play well over two centuries ago, and it won't succeed today.
2. Most Americans don't have confidence in the president's leadership
This deficit of trust in Obama's leadership is central to his decline. According to a recent Washington Post/ABC News poll, "nearly six in ten voters say they lack faith in the president to make the right decisions for the country", and two thirds "say they are disillusioned with or angry about the way the federal government is working." The poll showed that a staggering 58 per cent of Americans say they do not have confidence in the president's decision-making, with just 42 per cent saying they do.
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Tags: Ancien Regime, Barack Obama, budget deficit, Michelle Obama, Rasmussen Poll, RealClearPolitics, Tea Party Movement
