Obama’s ratings sink on economic doubts.” Yup. We thought we’d heard enough bad numbers and knew how Obama has failed to become a president. But today the Federal Reserve Board’s Survey of Consumer Finances announced:
     (1) The median net worth of families has plunged 39% in three years
     (2) Median income has fallen 8% in three years
     (3) The value of home equity has fallen 32% in three years

Barack only cares about how these numbers will frighten voters and lose him his gig as The One. He cares nothing about the families affected. Besides, Barry and Michelle will always have Chicago. Or will they? I find it so damn odd that never once have I seen a news report about either setting foot inside their “historic” Chicago mansion[1] since they stormed the White House in 2009 … before he won in 2008, we banged out post after post about the squalid story of how that house came into the Obamas’ hands, aided by Tony Rezko and Michelle’s conniving ways.

It is devastating to see a HARD number showing that MOST Americans — can we say ALL Americans who own a home? — have seen their primary worth tied up in their home equity sink like a stone. Over 20 years worth, some say. Charles Krauthammer says it’s a permanent loss. Krauthammer also said, and this surprised me a bit, that the housing F**K UP began in the early ’90s and throughout all U.S. administrations, including the eight years of George W. Bush’s presidency along with Clinton’s. But now (and Krauthammer nearly seemed sad for the man as he said this) the blame will ALL go to Obama because it’s during his administration that ALL the chickens are, so to speak, coming home to roost. If they still have one to go to. Which takes me back to Reuters’ big story today:

From “Obama’s ratings sink on economic doubts“:

(Reuters) – President Barack Obama’s approval ratings have dipped to their lowest level since January on deep economic worries, wiping out most of his lead in the White House race over Republican rival Mitt Romney, a Reuters/Ipsos poll showed on Tuesday. …

There’s more. Reuters commissioned a poll:

The percentage of Americans who approve of Obama’s job performance dropped from 50 a month ago to 47, matching his mark in early January. The number who think the country is on the wrong track rose 6 percentage points in a month to 63 percent.

The doubts about Obama’s leadership helped Romney pull to within 1 point of the Democratic president in the White House race – 45 percent to 44 percent – among registered voters with less than five months to go before the November 6 election. Obama led by 7 points a month ago.

The poll was mostly taken after Obama suffered several recent campaign setbacks, including a weak jobs report in May and an optimistic comment on the good health of the private sector that critics say showed he was out of touch. …

Wasn’t it Jeremiah Wright who liked to talk about those chickens comin’ home to roost?

There’s another old-fashioned saying: “Don’t bite off more than you can chew.”

Mr. Obama, you are out of your depths as president. We gotta let you go. To Chicago. It’s where you belong. Your time is up. Make way for a wiser, more mature, vastly more experienced president.

[1]In 2008, several of us wrote many, many stories about the Obamas’ purchase of their Chicago mansion. Oh, it is an intricate story — stinking of unholy alliances, special favors, money secretly changing hands, a ruthless and cruel slumlord, and on and on. There even was an FBI probe. I can’t decide which story you’d most get a kick out of. You might begin with “How to Buy a Mansion You Can’t Afford.” For more info, check out this list of posts at No Quarter.