June 19, 2024

Obama – Is The Infatuation Justified?

President On A Roll

It seems as if the President is enjoying an extended honeymoon with both the press and voters, while the Republicans remain disarrayed and powerless.   Public optimism and confidence is surging based on the hope that the steps taken by the Obama administration will lead to brighter economic days.  The voters and Congress have effectively given the President what almost amounts to dictatorial powers.

The Obama Infatuation

The Obama infatuation is a great unreported story of our time. Has any recent president basked in so much favorable media coverage? Well, maybe John Kennedy for a moment, but no president since. On the whole, this is not healthy for America.

Our political system works best when a president faces checks on his power. But the main checks on Obama are modest.

The study examined 1,261 stories by The Post, the New York Times, ABC, CBS and NBC, Newsweek magazine and the “NewsHour” on PBS. Favorable articles (42 percent) were double the unfavorable (20 percent), while the rest were “neutral” or “mixed.” Obama’s treatment contrasts sharply with coverage in the first two months of the Bush (22 percent of stories favorable) and Clinton (27 percent) presidencies.

The infatuation matters because Obama’s ambitions are so grand.

The press has become Obama’s silent ally and seems in a state of denial. But the story goes untold: Unsurprisingly, the study of all the favorable coverage received little coverage.

Unlimited power allows one man to accomplish what could not otherwise be done with a gridlocked political system, but also allows for potentially unwise policy decision implementations  that may have dangerous long term consequences.   Our basic governmental structure of checks and balances seems to be in peril.   Here are some more thoughts on this matter.

American Capitalism Gone With A Whimper

It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.

The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America’s short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe.

Obama Led the US Economy Into a Fiscal Trap Containing a Monetary Time Bomb

The majority of Americans elected an arrogant and bumbling ideologue to the presidency and so the rest of the world — little Israel in particular — will have to pay the price. However, Economics is what invariably brings the Obama’s of this world undone.

Despite the bitter lessons of history — a subject that Obama is as deeply ignorant of as he is of economics — he does not really believe in the existence of economic laws. Let us not forget that this is the same man who thinks he can regulate bubbles out of existence, even though he and his cronies are totally ignorant as to the origin and nature of this economic phenomenon.

Obama and his brilliant economic advisors have driven the US economy into a fiscal trap containing a monetary time bomb. And the markets are taking notice.

It’s a pretty state of affairs when China feels impelled to lecture the US on the need for exercising greater fiscal and monetary responsibility. Nevertheless Bernanke and the Obama administration appear to be completely oblivious to the situation. So much so that the Fed was authorised to print $1.75 trillion in new money so as to buy Treasury bonds. It’s almost as if they were deliberately thumbing their noses at the rest of world.

If the economy resumes its downward decline  or the average American does not see his financial situation improving soon, expect the Obama administration’s honeymoon to come to an abrupt end.  In the final analysis, it is always about jobs and incomes.

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