Saturday, August 14, 2010

More Bad News if you are a Democrat

Even the Poor Are Abandoning Obama, According to Gallup Poll

If you want to know what freefall is, here is the perfect example.

In every week of his presidency until now, Barack Obama has enjoyed a
majority approval rating in the Gallup Poll from people earning less than $2,000
per month. But that changed in the Gallup survey conducted from Aug. 2-8, when
only 49 percent of Americans in that income bracket said they approve of the job
Obama is doing. This marks the first time since Obama was inaugurated on
January 20, 2009, when Americans in all four of the income brackets
reported in Gallup’s
weekly survey of presidential approval gave Obama less than 50 percent approval.

70% of Economists Favor Extension of Bush Tax Cuts to Those Making more than 250k/Year

Economists are getting more pessimistic about the strength of the U.S. recovery, but they don't think policy makers should do anything more to support it, according to the latest Wall Street Journal forecasting survey.

The 53 surveyed economists, not all of whom answered every question, offered a bleak picture of tepid growth and high unemployment. ...

The economists, though, generally didn't support the idea of ending Bush-era tax cuts, which will expire at the end of this year unless Congress acts. Just three respondents said that the tax cuts on individual income should be allowed to expire for everyone. Thirty-two economists said they should all be extended, while 11 said they should be extended for people making less than $250,000 a year—the policy option backed by the Obama administration

Michelle Obama popularity falls

While political pundits forecasted that even if President Obama was unpopular, his wife Michelle wasn't and she would be a help to democrats in the midterm elections. If you were thinking things can't get any worse, think again.

The number of Americans who have a positive opinion of First Lady Michelle
Obama has fallen in the last 16 months, according to the
Wall Street Journal/NBC News poll
. In April, 2009, 64 percent of
those surveyed by the Journal/NBC said they had a positive impression of Mrs.
Obama; today, the number is 50 percent. That 50 percent personal approval is
just slightly above President Obama's personal approval figure, which stands at
46 percent in the new poll.

Harry Reid tried to end birthright citizenship for illegals in 1993

Harry Reid recently took a shot at Republicans saying he coundn't see why any Hispanic would vote for a Republican. The Republican stance against illegals was the main reason. But the old statement about people in glasshouses seems to apply in this case.

According to Harry Reid’s own standards, he should lose
his entire Hispanic vote
over this, right? While Democrats
paint Republicans who challenge birthright citizenship as extremists, it turns
out that Reid was seventeen years ahead of the curve. In 1993, just after
Democrats won the White House, Reid filed a bill that would have done exactly
what some Republicans now demand — end birthright citizenship for children of
illegal immigrants. Kerry Picket digs up the record for the

Title X of the Reid introduced bill shows the Nevada Democrat took Senator
Lindsey Graham’s, South Carolina Republican, idea on the interpretation of
the 14th Amendment and documented it into

In the exercise of its powers under section of the Fourteenth Article of
Amendment to the Constitution of the United States, the Congress has
determined and hereby declares that any person born after the date of enactment
of this title to a mother who is neither a citizen of the United States nor
admitted to the United States as a lawful permanent resident, and which person
is a national or citizen of another country of which either of his or her
natural parents is a national or citizen, or is entitled upon application to
become a national or citizen of such country, shall be considered as
born subject to the jurisdiction of that foreign country and not subject to the jurisdiction of the United States within the meaning of section 1 of such Article and shall therefore not be a citizen of the United States
or of any State solely by reason of physical presence within the United States at the moment of birth.”

Is the Obama Administration an Lawless Administration?

If you want to know why some people are so disgusted with the Obama Administration it because they’ve put the spoil system back in place. The takeover of GM is a great example. You might hear the left talking about it in glowing terms, but the devil is in the details.

Bondholders -- investors ranging from large
institutions to retirees just scraping by, who loaned GM a total of $27
-- received just 10 percent of the company. By
contrast, the government's $50 billion gave it about 61 percent.

And the union -- in return for the $20
billion that GM owed its health trust
-- got a remarkable 17.5
percent of the stock plus $2.5 billion in cash plus $6.5 billion in preferred stock
carrying a dividend of about 9 percent.

In other words, the UAW got three to four times as much as
the bondholders
for a smaller claim on GM's assets. The union even
boasted to its members in May 2009 that it had made no concessions on pay, health care or pensions in the restructuring.

This is the weakness of the statist government Obama seems intent on creating. The American meritocracy is being replaced by a system of political connections.

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