California Conservative

No matter how President Obama and Vice President Biden spin it, their $787,000,000,000 stimulus plan is a failure. Scott Rasmussen’s polling shows that that’s becoming a widespread belief:

A new Rasmussen Reports national telephone survey finds that 30% of voters nationwide believe the $787-billion economic stimulus plan has helped the economy. However, 38% believe that the stimulus plan has hurt the economy. This is the first time since the legislation passed that a plurality has held a negative view of its impact.

There’s nothing in the first stimulus that incentivizes small businesses to increase entrepreneurial activity. The only thing in the legislation that’s easily recognizable is the huge payoffs to the Democrats’ political allies. If you aren’t part of a public employees union, there really isn’t much in the bill.

The first stimulus had lots of aid to state governments. Unfortunately, that won’t create permanent private sector jobs, which is what’s badly needed. There was lots of money for public works projects but those aren’t the types of projects that create long-lasting private sector jobs.

This continues a trend with President Obama’s policies. The longer that the health care bill was debated, the more unpopular it became. The longer that people see the inneffectiveness of President Obama’s stimulus plan is, the more unpopular it’s becoming. It’s already had that effect on Cap and Trade. Then again, Cap and Trade never was popular, probably because people knew it as a tax increase from the outset.

People will hold the stimulus bill’s unpopularity against congressional Democrats because they’re the people who crafted it and voted for it. When the report card for this Congress is filled out, President Obama and Speaker Pelosi will get failing grades because they will have forced alot of difficult votes that cost Speaker Pelosi her Speaker’s gavel.

People’s dissatisfaction with this administration started wit President Obama’s fear campaign where he told everyone that failure to pass his stimulus plan would create a catastrophe that we might never pull ourselves out of. Their dissatisfaction grew with each bailout. The people’s dissatisfaction reached its boiling point, though, when Congress ignored the people about health care.

At this point, alot of the trust that people had for President Obama has vanished into thin air. His forecasts have been wildly inaccurate, especially with unemployment rates. His deficit forecasts haven’t been accurate, either.

Couple that with the Blue Dog Democrats’ spinelessness and you’ve got a recipe for electoral disaster. There’s only one party to blame for President Obama’s incompetence because the Democrats own both ends of Pennsylvania Ave, including with a filibuster-proof Senate.

President Obama might give himself a B+ on his first year but I’m betting that the American people will give him an emphatic failing grade next November. I’m betting that the best grade the American people will give President Obama next November will be a D, with D- the more likely grade.

States are still running deficits, which means that they’re either run poorly or the economy isn’t responding to President Obama’s stimulus plan. Let’s agree that states, other than California and Michigan, don’t run deficits when the economy is expanding.

Here in Minnesota, the first deficits that we had to deal with from this recession was in 2008. We’re again facing a $1,200,000,000 deficit this year, which is less than 5 months after our most recent biennial budget went into effect. It’s being forecast that we’ll have another multi-billion dollar deficit when our next biennium arrives in 2011.

That means that, if the forecast is right, which it usually is, Minnesota’s economy will have been in the tank for 4 straight years. Minnesota isn’t alone in this situation. That’s why President Obama and Speaker Pelosi are planning another injection of cash to the states this spring.

It isn’t surprising, given these statistics, that people have turned on Obamanomics.

Technorati Tags: Polling, President Obama, Stimulus, Economy, Deficits, Unemployment, Recession, Speaker Pelosi, Democrats, Election 2010

Cross-posted at LetFreedomRingBlog

This entry was posted on Sunday, December 27th, 2009 at 4:43 am and is filed under Author: Gary Gross, Democrats, Economy, Election 2010, Obama, Pelosi. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.