Liberals have had on their wishful thinking cap since President Obama took office. Any small glimmer, no matter how small, is seen as a positive sign Obama’s policies of borrow and pay back is actually going to work. Some of these Liberals may actually be waking up to the horrible hangover of reality the rest of us have been suffering for a few months now.
The wishful thinkers had hoped that consumer confidence would continue to rise and that the falling employment numbers, which historically lag behind any recovery, would soon follow. Unfortunately, the hopeful prognosticators that expected a small gain in consumer confidence soon gave way to just hoping the numbers would be flat. Boy were they disappointed! The Consumer Confidence Index now stands at 49.3, down from 54.8 in May.
Unemployment numbers are due out Thursday. Does anyone think these will be anything but abysmal?
It appears some of the college kids that worked so hard for Obama have graduated and moved into the work place. Or tried to. With Cap and Trade taxes on the way, oil prices rising, and jobs going away every day, these energetic youngsters are suffering buyers remorse. They can’t even collect unemployment, as they have never been employed. How can they have a lot of confidence.
Older Americans are being laid off and their mortgages are being called in. Many are losing their homes. The glut of empty homes has caused prices to plummet, retail and manufacturing are down and the expected recovery is nowhere in sight. Obama has seen his approval drop along with the economy and Rasmussen has his approval index at -2 today.
The 800 pound inflation gorilla is lurking and Obama is looking at taxing health care benefits, breaking his promise not to increase taxes on those making less than $250,000.
It is getting harder and harder for Obama’s supporters to swallow the blame Bush theory.
Obviously, Obama has lead us down a road that will not see a recovery while he is in office.