The Trainwreck that is Obamanomics

The Economy is off the rails

American capitalism is the engine room of the global economy. Sadly, the guy in the engine room doesn’t know how the machine works. All he knows is how to toot his own horn. This is the real difficulty of the next four years if President Obama wins another term.

What should worry you is that Romney and Ryan are making little headway in the polls. Obama has the advantage of being the incumbent. George W. Bush had the same advantage, and in spite of negative perceptions abroad and demonization in the media at home, he still won in 2004. Obama has a lot less against him.

Romney needs to focus on the economic issues, not get himself embroiled and lost in skirmishes on foreign policy issues. He needs to do two things. First, he needs to clearly spell out the trajectory four more years of Obamanomics will take us through.

Spell it out:

Step by step.

Failure by failure.

Cent by cent.

The Fraser Institute in Vancouver points out that Canada is more economically free than America. Where is America? Between Qatar and Kuwait. If that is not a warning bell then I don’t know what it is.

Obama sold himself on the economic issues in 2008, which made the economy even worse. Investors and businesses took even more drastic decisions in response to the Obama gloom rhetoric. Having set up the premise that the global economy was in a more severe state than it actually was, he set himself up as savior. He promised he would come in on wings of angels, as Hilary herself told us, to save the world.

And it worked! As an election promise, as a selling point, it worked. As a presidency, it has failed miserably. He got four years and he’s blown it. The engine is going off the rails.

Does this look like a competent driver to you?

The debt piles up. The jobless are piling up. The government is bloated even more. People, as Romney rightly said, are increasingly dependent, and voting for Romney would feel to them like turkeys voting for Christmas.

If Obama stays in situ, then the engine will break down beyond repair. America cannot afford the load he is trying to pull, and nor can the global economy.

Romney and Ryan need to focus. If they can’t get this message home, and if they can’t inspire America to get this engine moving again, then they don’t deserve the job in the driving seat.

Fraser report can be found here: http://www.freetheworld.com/release.html

Obama Rust Belt Tour Based on a Lie

Obama is getting ready to board his Canadian made campaign bus and tour the rust belt states touting his message of economic recovery, and Romney’s record of outsourcing jobs at Bain.  There’s only one major glaring problem with this tour’s premise:

Bain has asserted and left-leaning factcheck.org has confirmed that Bain Capital did not outsource jobs under Mitt Romney’s leadership.  Obama’s bus tour is based on a lie.

Meanwhile, Obama is the President who took Chrysler from its US bondholders and sold it cheap to Italy.  Obama is the President who has limited US oil drilling while giving billions of tax payer dollars to Brazil so they can drill there.  Then, in what one Yahoo! business commentator called a result of Obama’s incompetence, Brazil didn’t even sell the oil they extracted to us.  They sold it to China instead.  So while Obama is falsely accusing Romney of outsourcing jobs, Obama is stopping US energy jobs and instead financing Brazil’s energy sales to China.  Way to go, Mr. President.

Obama is basing his campaign thus far on two propositions: his base will vote for him no matter how openly dishonest he is, and independents will not educate themselves about his lies.  If these two factors hold up, the left’s ambivalence and the center’s ignorance will help Obama win in 2012.

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