The American Spectator

home
ADVERTISEMENT
Print Email
Text Size

The Obama Watch

A Nation Adrift

Reflections on a depressing yet reascendant Obama presidency.

(Page 2 of 3)

As the economist Bradley R. Schiller noted in a WSJ op-ed piece on Feb. 14, 2009:

President Barack Obama has turned fearmongering into an art form. He has repeatedly raised the specter of another Great Depression.  First, he did so to win votes in the November election. He has done so again to sway congressional votes for his stimulus package.

In his remarks, every gloomy statistic becomes a harbinger of doom.  As he tells it, today’s economy is the worst since the Great Depression.  Without his Recovery and Reinvestment Act, he says, the economy will fall back into that abyss and may never recover.

The fearmongering may be good politics, but it is bad history and bad economics.  It is bad history because our current economic woes don’t come close to those of the 1930. At worst, a comparison to the 1981-82 recession might be appropriate.

… Repeated warnings from the White House about a coming economic apocalypse aren’t like to raise consumer and investor expectations for the future. In fact, they have contributed to a continuing decline in consumer confidence.

The $787 billion (and eventually to become $860 billion) stimulus program did a lot of different things.  But it did not, in any logical or verifiable sense, create jobs or stimulate the economy.

In January and February of 2009 the administration rounded up votes for the stimulus program on the grounds that it would keep unemployment from rising above 8 percent.  It then promptly soared above 10 percent.

On Feb. 17, 2010, I wrote a column describing how members of the cabinet, like “members of the Audubon Society on a major bird-sighting mission,” had fanned out across the United States that week “on a job-spotting mission” aimed at supporting the president’s claim that the $787 billion program was “not a total waste of money.” Even then, “apart from a few sickly chicks living in federal incubators, they could not find a single job capable of independent flight and life in the wild.”

By mid-2010 — more than a year and a quarter after the launch of the stimulus program — the government was reporting that it had “created or saved” approximately three million jobs — a period of time in which the U.S. economy had a net loss of 2.35 million jobs.

America’s narrow unemployment now stands at 7.9 percent, but it jumps to 14.6 percent when accounting for involuntary part-time workers.

According to the latest jobs report, a total of only 294,000 net new jobs have been created by the Obama administration since January of 2009. By contrast, over the same period of time, the Obama administration has added 75 times as many people — or 14.7 million people in all — to food stamp rolls.

Play-Acting at Leadership
On the night of April 20, 2010, disaster struck the giant Deepwater Horizon oil rig.  Crew members were in the final hours of attempting to secure a “nightmare well” about a mile deep in the Gulf of Mexico for temporary closure and later production.  Undetected, a large quantity of gas and oil entered the well and surged upward through the drilling riser.  Upon reaching the surface, the hydrocarbons exploded — killing 11 of the 126 people aboard the vessel and unloosing what many called the worst environmental disaster of all time, as thousands of gallons of oil poured into the gulf from the gaping hole in the ocean floor.

President Obama responded to this crisis with a combination of showboating, arrogance, and naiveté — later to be repeated in other crises, most notably including the murder of the U.S. ambassador to Libya and three other diplomatic personnel who happened to be at U.S. facilities in Benghazi, Libya, on Sept. 11 of this year — the eleventh anniversary of the original 9 / 11 / 2001.

More than a month and a half after the blow-out, he told reporters:

The American people should know that from the moment the disaster began, the federal government was in charge of the response effort…

Page:   12 3  

About the Author

Andrew B. Wilson, a frequent contributor to The American Spectator, writes from St. Louis.

Letter to the Editor View all comments (55) |

Bill Hussein O'Stalin| 11.7.12 @ 6:10AM

The takers have overwhelmed the makers. Invest in gold.

Von Mises Jr| 11.7.12 @ 7:31AM

There is nothing to take. We have a service economy that does not manufacture and create wealth. We are not makers anymore.
What they have done is not taking, but gives away their freedom and disposable income.

If the House refuses to implement a France-like marginal rate on the high earners and Obama allows the Bush Tax Rates to expire, everyone's taxes necessarily skyrocket.
At $50K AGI, taxes go up next year by $6,738 or $561 per month. Social Security tax goes back to 6.2% or an increase of 2%. At 50K that is another $1,000 or $83 per month. That is $644/mo. less in disposable income starting January for a rich guy making $50K after examptions and standard deduction. That means a married couple making about $35K each.

For $50K AGI, your total taxes will be $11,738 plus $3,825 for your half of SS and Medicare, or a total of $15,563. For that, you will get an IPAB Board to refuse your health care procedures.

A. C. Santore| 11.7.12 @ 10:55AM

You are correct. Andrew Wilson is wrong - although "misguided" is a more accurate word.

Obama's policies have NOT "failed." To believe that you do not understand what his true polices are - and believe that they what he deceitfully and duplicitously says they are.

He has intended every single result, intended not to save, but to weaken - if not destroy - our economy, our constitutional government, and our culture.

Nor are we "adrift." Once again, you can believe that only if you believe the subterfuge. We are instead being driven at flank speed to the triple disaster I note above, so he can institute the kind of economic/governmental/cultural world he sees as perfect.

Von Mises Jr| 11.7.12 @ 11:24AM

I'll bet Soros shorted the dollar yesterday.

TLP| 11.7.12 @ 3:30PM

We are hardly a Country adrift.

We are SINKING.

And, SINKING fast.

Toinfinityandbeyond| 11.7.12 @ 9:21PM

It's god's intention that GOP lost.

It's time to shut down GOP!

SUBVET| 11.7.12 @ 10:09AM

Load the waggon......the mule is blind.

AmericanCynic| 11.7.12 @ 5:33PM

No, the TAKERS of B.S. have had enough and they have kicked the MAKERS of it to the curb. Invest in an education.

Toinfinityandbeyond| 11.7.12 @ 9:21PM

It's god's intention that GOP lost.

It's time to shut down GOP!

Appleby| 11.7.12 @ 6:38AM

Keep your head down, your powder dry, your lamps filled and wicks trimmed, and prepare for the deluge.

Hardcard| 11.7.12 @ 7:13AM

michelle is now proud again and I'm ashamed. now we can get back to the x factor,dancing with the stars, american idle,msnbc,cnn,nbc,more abortions,gay marriage and the moslem spring,that's all folks.

arlo price| 11.7.12 @ 7:33AM

Hustlers always just barely win, that's how they keep you in the game.
Swindlers /scammers are liars who play upon the marks greed.

Thank you NEA, MSM & Hollywood for being successful at dumbing down America, and a special thanks to all the irresponsible parents who let the aforementioned baby sit for them.

A stolen election in Minnesota (franken), likewise in Nevada (reid, (seiu has the maintenance contracts for the voting machines)) were 2 of the more notable dhim testbed elections for this one.

Even more obvious was the old adage of 'follow the money'.
Do you think that Warren Buffet is buying up newspapers because he's sentimental? Internet censorship will be here before you know it (fairness doctrine?).
Do you think Buffet bought a railroad because he had a Lionel train set when he was a kid? Does CSX really need to advertise about how fuel efficient they are? Cost prohibitive fossil fuels are right around the corner.

Pay attention people.

Let's roll

AmericanCynic| 11.7.12 @ 5:23PM

What are you smoking, Arlo?

"Hustlers always just barely win"

With close to 3 million more votes in the Popular Vote count and a 303 - 206 Electoral College victory (until FL is decided), how is that barely winning?

In 2004, Bush's re-election was 279 - 252 (Kerry) and he and Cheney acted like it was a freaking mandate!

Only a person who's partisan loyalty trumps his own intelligence would say that there was more money flowing into the Dem side of the 2012 election!

So when you say "Let's roll" you forgot to add "another one."

;)

arlo price| 11.7.12 @ 8:45PM

Commentary from an obvious amateur who has been outed.

AmericanCynic| 11.8.12 @ 7:07PM

Amateur smoker?

LOL!

correction: I was using CNN's number from election night in 2004. Once the dust settled Iowa went to Bush making it 286 - to Kerry's 252. Speaking of dust settling Romney conceded FL. President Obama's re-election: 332 - Romney's 206.

Purp| 11.7.12 @ 7:46AM

America Won! The Middle Class Won! The Constitution Won! Gay Rights Won! BIG MONEY lost! You can't buy an election, and that's good news for America.
For all those who are sad, I have to say Romney gave a classy concession speech. As the last political thing he does, it's a good way to end after a loss to President Barack Obama.

AmericanCynic| 11.7.12 @ 5:28PM

Agreed, Romney surprised me with his grace and class. Too bad it's not spreading through-out his party. :(

Joellen| 11.7.12 @ 7:53AM

The unborn, ill & elderly lost, small businessess lost, the American taxpayer lost, the family unit lost, non-union workers lost; mom & pop stores lost, The Catholic Church and in the future all christian/judeo faith based institutions lost - America is lost for now.

Purp| 11.7.12 @ 1:18PM

Clueless, aren't you?

Al Adab| 11.7.12 @ 2:49PM

Thank you Joellen:
It is likely that we have been weighed in the balance and found wanting with similar results

arlo price| 11.7.12 @ 7:57AM

PS: Israeli investments would not be wise unless it is a burka manufacturing firm!

Dean V| 11.7.12 @ 8:34AM

The American eagle has been replaced by that ignorant, loud-mouth, fat-ass entitlement parasite Obamaphone woman.

Purp| 11.7.12 @ 1:19PM

Why do you trash America?

AmericanCynic| 11.7.12 @ 5:29PM

and women?

Mike G| 11.7.12 @ 8:59AM

I keep hearing about polls that say that over half of voters think the country is headed in the wrong direction. Yet, over half the voters chose to keep going in that direction. That tells me that over half the voters are truly ignorant, and the rest of us are in a heap o' trouble. Anybody know where I can find a nice deserted island to buy?

Purp| 11.7.12 @ 1:19PM

No, it's a stupid question to ask... it doesn't really answer a complicated situation.

Bob K| 11.7.12 @ 9:06AM

Mr. Wilson,

Obama didn't govern when he had a large majority in 2008. He refused to govern after he lost it in 2o1o. And he won't be able to govern now that he barely won the popular vote by the skin of his teeth.

He is riding your tiger, Mr Wilson! And he can't get off! Relax, sit back and watch!

Purp| 11.7.12 @ 1:20PM

Sure he will... with the Executive pen, like GW Bush did. He taught Obama how to do it.

AmericanCynic| 11.7.12 @ 5:30PM

That's some thick skin on his teeth! LOL!

C Smith | 11.7.12 @ 9:22AM

Wednesday, November 5, 2008

And the Man of God Wept

On the day after the first Tuesday in November, the reality is becoming clear. Our defenses are to be destroyed, our young men who guard them, little more than fuel for the fire, and our little ones, ripped from their mothers and dashed to the ground:

... and the man of God wept. And Hazael said, Why weepeth my lord? And he answered, Because I know the evil that thou wilt do unto the children of Israel: their strong holds wilt thou set on fire, and their young men wilt thou slay with the sword, and wilt dash their children, and rip up their women with child....

http://popularapostasy.blogspo.....-wept.html

A. C. Santore| 11.7.12 @ 10:59AM

Perfect. Thanks, CSmith.

Al Adab| 11.7.12 @ 1:58PM

Already every Leftist special interest group (that is those who want money from the trough) are claiming the election a mandate for their cause. The president is most likely to react with a monomaniacle burst of executive orders, demands and legislation all designed to further the social agenda of The Left. He will demand action on his spending and taxation programs and will emasculate the military. We can only hope that what remains of the GOP will have the courage to maintain its opposition to these plans and programs even in the face of massive public demand.

AmericanCynic| 11.7.12 @ 5:26PM

You mean like how Bush's 279-252 victory over Kerry was a "mandate" to tackle Social Security?

GobBluthe| 11.7.12 @ 7:47PM

It was 286-252

AmericanCynic| 11.8.12 @ 7:09PM

Correction: I was using CNN's number from election night in 2004. Once the dust settled Iowa went to Bush making it 286 - to Kerry's 252.

Speaking of dust settling...

Romney conceded FL.
President Obama's re-election: 332 - Romney's 206.

That's a big f#@kin deal!

Kwan| 11.7.12 @ 9:57AM

Now that Obama has been elected to a second-term the deceivers in the MSM will have to try to convince us, that the disasters that will surely result from 4 more years of Obama and his policies of mayhem and destruction, are not actually happening. Obama's failures we will be told are surely a figment of our imagination, due to the fact that we don't understand what the meaning of is is.

A Grin without a Cat| 11.7.12 @ 10:15AM

There's something I don't understand. Two years ago, enough people had figured out his O-ness that the Republicans picked up 65 seats in the House, 6 seats in the Senate, a number of governorships, and over 900 state legislative seats.

Has the electorate changed that radically in two years? I smell a rat.

KennesawJack| 11.7.12 @ 12:37PM

I smell it, too, Grin but ain't a damn thing you or I or anyone else can do about it.

Immortal 600| 11.7.12 @ 5:18PM

Isn't it funny that there were about 10 million less votes in this Presidential election than the last one? That has never happened before! Also there were supposed to be 10 million MORE eligible voters this time around. Could it be that masses of people voted but machines somehow didn't count their votes. Romney didn't even get as many votes as McCain did last time. Strange.

Also, does anyone else have the problem that when there are a lot of comments on an article the ones down at the bottom start appearing as jibberish?

KennesawJack| 11.7.12 @ 11:45PM

Immortal, I think the problem was too many white voters (evangelicals and conservatives who would rather lose than vote for a moderate) sat this one out. We lost for that reason and that alone. Was there some hanky-panky going on in Philly, Chicago, Detroit, et al? Does a Hobby Horse have a wooden dick? Of course there was but, at the end of the day, we formed a circular firing squad.

RCV| 11.7.12 @ 6:45PM

Turnout in 2010 compared to 2012 was miniscule. That's how you "won".

Bill8472| 11.7.12 @ 10:17AM

If I were to think of President Obama using literary similes, I'd think he was more like the Cuban fisherman in Hemingway's The Old Man and the Sea. Obama has caught the great fish, all right, and now the sharks are nibbling away at its flesh while Obama watches helplessly.

Tom Kyba| 11.7.12 @ 11:02AM

Repeat after me. The MSM! The MSM! The MSM!

Artman| 11.7.12 @ 11:11AM

Historical perspective is the necessary ointment now not arcane fantasy.
I'm sure there was a moment in time when a terrified but brave 18 year old, pinned down on a Normandy beach or a field in Flanders , saw sure death and defeat under the rain of enemy steel. Saw his buddies blown to pieces. Imagine that horror. Here, we just had an election that didn't quite fall our way. Let's fight on. Let's persevere. We can do that. People died for us to do that.

TerryJ2| 11.7.12 @ 3:41PM

Copy that, I will answer the call.

Al Adab| 11.7.12 @ 4:50PM

Gentlemen:
During the MA ratifying convention Theophilus Parsons said, "An act of usurpation is not obligatory, it is not law. "Resistance to such law is justified." Have we the stomach to envoke the "alter or abolish" clause?

Al Adab| 11.7.12 @ 4:53PM

in re: Flanders

"The torch be yours to hold it high
If ye break faith with us who die
We shall not rest though poppies grow
In Flanders fields."

PolishKnight| 11.7.12 @ 3:48PM

When we talk about the American people giving Obama a second chance, about a 1/3 of the people who voted for him were simple entitlement seekers either in the form of elitist public sector unions, cronies, or race entitlements. It's as simple as that. They don't care about his performance or making the country better. They hope he'll rob middle and working class whites and give them the goodies. He's like a Jim Crow era Democrat.

The other 1/5th or so of American people that voted for him are either hardcore marxists who drank cool aid and don't care about the consequences (they hope if the turn the USA into Mexico, it will magically transform into Sweden. "Imhotep! Imhotep!") or naive marxists who want to be "cool" and finally the outright ignorant. Those who went through a storm, got some hot cocoa from FEMA, and voted accordingly.

AmericanCynic| 11.7.12 @ 5:14PM

Right, President Obama "conjured up a tiger "

LOL!

Or maybe it was "tiger" conjured up by 1) over 30 years of an inflexible "tax cuts are the only way to grow the economy" philosophy 2) relentlessly NEVER admitting a GOP defeat and NEVER fully acknowledging a Democrat victory 3) replacing graciousness and "honeymoon" periods with divisive excuses and attempts to "De-Americanize" their opponents 4) Refusing to recognize that women are more than "brood-mares" that deserve less freedom when their womb is involved 5) refusing to recognize that demographics have changed in America and 6) that American Muslims are entitled to every single right that any other American is entitled too. Period.

But sure, it was all an "illusion" created by Obama!

LOL!

Kingofthenet| 11.7.12 @ 7:27PM

or...
...I been
sayin' that shit for years. And if
you ever heard it, it meant your
ass. I never really questioned
what it meant. I thought it was
just a cold-blooded thing to say to
a motherfucker 'fore you popped a
cap in his ass. But I saw some
shit this mornin' made me think
twice. Now I'm thinkin', it could
mean you're the evil man. And I'm
the righteous man. And Mr. .45
here, he's the shepherd protecting
my righteous ass in the valley of
darkness. Or is could by you're
the righteous man and I'm the
shepherd and it's the world that's
evil and selfish. I'd like that.
But that shit ain't the truth. The
truth is you're the weak.

Bob Grant| 11.7.12 @ 9:07PM

Spoken by the Ultra Racist Samuel L. Jackson.

Datsun 2000 Mark| 11.7.12 @ 8:00PM

Andrew,
Let's have some fun while we're at it:
Let's impeach Osama over Benghazi and put that baffoon Biden in charge. Oh what fun to see him fumbling in the night.

AmericanCynic| 11.8.12 @ 7:11PM

Osama was killed by Obama, Datsun. ;)

Toinfinityandbeyond| 11.7.12 @ 9:12PM

It's time to shut down GOP!

Suzyqpie| 11.10.12 @ 10:25AM

The Federal Government of the United States of America has betrayed the American people. We are the brokest nation is the history of the planet. There is plenty of blame to go around. The blame allocation does not mitigate the financial disaster that looms over every last one of us.

More Articles by Andrew B. Wilson

More Articles From The Obama Watch

http://spectator.org/archives/2012/11/07/a-nation-adrift

ADVERTISEMENT

Most Popular Articles

Obama and the IRS: The Smoking Gun?

Jeffrey Lord | 5.20.13

The Liberal Union Behind the IRS

Jeffrey Lord | 5.16.13

My Generation’s Disease

Benjamin Brophy | 5.17.13

It's.The.Law

Ross Kaminsky | 5.20.13

Not Ready for Primetime Players

Daniel J. Flynn | 5.17.13

How Long Is This War?

Jed Babbin | 5.20.13

Downton's Class System -- and Ours

Tom Bethell | 5.20.13

ADVERTISEMENT