When you step back and look at the news over the past several weeks, you’d have to come to the conclusion that President Barack Obama is in pretty serious electoral trouble. He and his Administration know it, right down to his last czar.
- The American economy is anemic at best. We are a full year past our “Summer of Recovery” that President Obama promised. He’s admitted that “shovel ready projects” were harder to find than he anticipated, and in fact they really never existed anyway.
- The President has embroiled us in yet another foreign conflict, Libya, which has all the outward signs of serious mission creep and a clear lack of focus. He’s even overruled his White House legal advisors on Congress’ role in the “conflict”, and is attempting to push the War Powers Act further than President Lyndon Johnson did during Vietnam. He’s starting to make President Richard Nixon look relatively isolationist.
- The much vaunted Wall Street reforms haven’t reformed anything, except pushing crushing new regulations and government mandated fees on America’s small financial institutions…the very institutions that should be infusing capital into America’s small businesses.
- The days of massive federal stimulus spending are gone, and the states are now left to clean up the mess from the Administration’s binge.
Electoral speed bumps and sinkholes await him in virtually every important state in the country. Ruy Teixeira wrote yesterday about President Obama’s very real problem with the white working class:
There will be a lot of white working class voters showing up at the polls next November, and the degree to which they support (or abandon) President Obama could very well make or break his reelection.
In 2008, during his otherwise-solid election victory, Obama lost the white working class vote by 18 points. In 2010, however, things got much worse: Congressional Democrats’ experienced a catastrophic 30 point deficit among the same group. While the first number is a figure Obama could live with repeating, the second could very well prove fatal.
With 14.9 million Americans out of work, this potential electoral fatality becomes very real. The picture is even worse for the President when you consider the “real unemployment rate,” the number of unemployed and underemployed who want full time work, stands at 18.6% of the American workforce.
The Obama Panic has kicked into high gear. The President has announced that he’s pulling the “surge” troops out of Afghanistan, accelerating the withdrawal of our troops. He’s also planning to release 30 million barrels of oil from the Strategic Petroleum Reserve…which will fuel the United States for less than two days. And these actions were taken over the objection of his military advisors, and despite the fact that the price of gasoline has dropped for over 20 consecutive days.
The President is flummoxed. More “beer summits” and golf outings are unlikely to stop this slide. Nothing in his career has seemingly prepared him for the Presidency.
Americans are quickly making up their minds on the President, if they haven’t already done so. Soaring oratory and lofty catchphrases don’t matter much when you don’t have a job.