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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (487821)	6/13/2009 11:31:03 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 1574045

According to a Rasmussen poll, more voters now trust Republicans more than Democrats to handle the economy, by a margin of 45-39. Scott Rasmussen notes that "this is the first time in over two years of polling that the GOP has held the advantage on this issue." Last month, he had the Democrats holding a one-point lead, but they lost it in June's polling. And the Democratic leads over Republicans on their core issues are also dropping. As it becomes clearer that the deficit caused by spending has landed us in a new economic crisis, entirely of Obama's own making, his popularity and job performance are likely to drop as well. The old recession - that the public says was caused by Bush - shows signs of winding down. But the new recession and/or inflation - triggered by Obama's massive deficits - is just now coming upon us. If Obama refuses to cut back on his spending/stimulus plans (despite convincing evidence that Americans are not spending the money), he has three options: a) He can raise taxes, which will trigger a deeper recession; b) He can print money, which will trigger huge inflation; c) He can pay more interest to borrow money, which will send the economy diving down again. The blame for these outcomes will fall squarely on Obama's deficit and spending policies. The fact that Americans are aware of these issues, and already disapprove of Obama's performance on them, indicates that they will be increasingly receptive to blaming him for the "new" recession. All this data suggests that Obama might run out of steam just as he gets to his healthcare agenda. As unemployment mounts, month after month, and Obama's claims of job creation (or savings) ring hollow, it is possible that he will not have the heft to pass his radical restructuring of the healthcare system. The automaton Democratic majority may pass it anyway, but it will be a one-way ticket to oblivion if they do. realclearpolitics.com GZ