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Weekend Wrap Up, It Sucks to be Obama

By Larry Johnson on September 4, 2009 at 8:39 PM in Current Affairs

Wishing you a happy labor day. Unfortunately, in light of the dismal unemployment numbers out today (see LD’s excellent analysis) the number of people laboring is shrinking. That’s a bad thing. We warned several months ago that the so-called Obama stimulus was no stimulus at all. Why? Most of the money does not get spent until next year and the majority of the expenditures are on Government programs and will do little to actually create job.

Strike one for Barry “Soetoro” Obama. If the job creation was outpacing the job losses he would be on a roll. But they ain’t and he ain’t. Just the opposite. Rising unemployment until next year is the most likely scenario.

Do you know what that means?

More people out of work means fewer tax dollars being collected. This means a growing deficit which in turn will sow the seeds of a major inflationary spike, probably in 2012. Meanwhile the economic storm continues to swirl and the waves of bad news will keep coming. For example, bank losses will continue to increase as the commercial real estate market continues to implode. Bank losses mean lost jobs at banks. Commercial real estate collapse means lost jobs. And those lost jobs spread out into the rest of the economy as people pare back expenditures, stay at home and reduce costs.

Strike two is the fracturing of the Obama mythology. Mr. Hope and Change is now exposed as none other than Mr. Politically Expedient. He also is not too bright, despite David Brooks’ man crush on Barack’s pant leg (see here if you want to read more about David Brooks and the tingle in his nads as he fantasizes about manly Barack Obama). We are witnessing one ham-handed maneuver after another.

Think I’m exaggerating? Let’s go back to his foot-in-mouth disorder over the confrontation between Police Officer Crowely and disgruntled effect Professor Gates in Boston. But he did not stop there. He is now for and against a Public Option on health care. Jumping frantically from one side of a seesaw to the other is not a demonstration of leadership. Old Barky is lost and with the backing of clowns like Rahm Emmanuel and David Axelrod he is not being given a working compass or a functioning flashlight.

That’s not the worst. He allowed prominent democrats to demonize Americans who raised their voices in anger and protest at townhall meetings. Rather than stand up for the right of these folks to speak their mind, Barack initially remained silent while prominent Democrats pilloried the protestors as Nazi thugs. A uniter rather than a divider? Not so much.

Now Barack’s radical leftist meme is now back in the news with the unmasking of him putting an unrepentant communist radical in a high profile job. I refer of course to the now infamous Van Jones. He’s an avowed communist. He signed up to the 9-11 truth petition and is now claiming he did not know what he is signing and he is a black racist. The media and the democratic elite pretended that Barack’s long term relationship with radicals like Bill Ayers and pastor Jeremiah Wright were inconsequential. That was then. Glen Beck has succeeded where others failed in outing the radicals staffing many corners of the Obama Administration.

None of this bodes well for an Obama victory dance. The problems are going to pile up, not disappear in the coming weeks. For Democrats who were counting on Mr. Hope and Change to be a new kind of politician, you can stop counting. It is over, baby!! Obama is exposed for the self-indulgent, visionless hack that he is. It is going to be an ugly fall.