Thursday, March 12, 2009

Obama, The People and The Economy vs. The GOP: Who's winning the debate?

When is the GOP going to stop blaming the failed economy on Obama? They won't. They can't. They see this as their only oppurtunity to change the story, but unfortunately for them, most Americans haven't finished the old one. That being, the failed GOP-run economy.

The GOP isn't fooling anybody. The people clearly know who's to blame and it's not Obama. Americans seem to understand something that the GOP doesn't: It takes awhile for the economy to recover. A fact that I imagine the right used to understand and who are trying to exploit their own mess for votes in 2010.

Most Americans remain confident that the U.S. economy will be stronger in five years than it is today, but most also expect very little to change in the next 12 months.

The numbers are largely unchanged from early January.

Sixty-four percent (64%) of Americans say the economy will be stronger in five years than it is today, while just 17% think it will be weaker by then, according to a new Rasmussen Reports national telephone survey.

They are not going to assume that the current state is a result of failed Obama policies. They remember the last 8 years. They know where this came from. So when quacks like this guy...

It is no wonder that markets are imploding around us. Obama is giving us the War on Business.

Imagine that some hypothetical enemy state spent years preparing a “Manchurian Candidate” to destroy the U.S. economy once elected. What policies might that leader pursue?

He might discourage private capital from entering the financial sector by instructing his Treasury secretary to repeatedly promise a brilliant rescue plan, but never actually have one. Private firms, spooked by the thought of what government might do, would shy away from transactions altogether. If the secretary were smooth and played rope-a-dope long enough, the whole financial sector would be gone before voters could demand action

...claim that it's Obama's fault, the American people are not listening.

But when will they start to blame Obama?

Now, match that to when economists think the recession will be over.

If that plays out, it'll be a huge win for Obama. Since people have such low expectations for the economy, they understand that it'll take some time. Compare that to most economists and it appears that Obama will easily weather this storm and it'll mount to another EPIC FAILURE by the increasingly obsolete GOP.