Worse, "the massive budget deficits have created the prospect of large tax increases next year, which have put a damper on hiring in all private economic sectors," he continued.
Obamanomics created a pitiful 41,000 jobs last month, nowhere near the pace to make a dent in 10 percent unemployment. Job growth exploded by 15 million jobs over five years between 1983 and 1988, slashing unemployment from more than 10 percent to 6 percent, under Ronald Reagan's tax-cut policies, according to the U.S. Bureau of Labor Statistics.
"The bottom line is that American workers are paying a hefty price for the anti-free market policies being pursued by the administration," Cogan said.
Next to the weak Obama economy, the unpopular health care law will be a chief complaint dictating how Americans will vote this fall. Democrats knew they did not have majority support in the country when they passed it, but they believed that once voters learned more about it, their reforms would work in their favor in the election.
Stanford political professor David Brady and two colleagues at the Hoover Institution poll-tested this proposition last month in 11 Senate battleground contests and "found widespread opposition to reform -- and to the Democratic senators who voted in favor of it."
In Louisiana, for example, voters opposed Obamacare 64 percent to 36 percent. In Colorado and Ohio, voters rejected it by 56 percent to 44 percent and 57 percent to 42 percent respectively, they said in a Wall Street Journal op-ed.
In their statistical model to test the effect of voter opinion on health care, they discovered that "opinion about reform had a statistically significant and important impact on the voters' intention to vote against the [Senate] Democratic candidate."
Voters who opposed health reform were around 20 percentage points more likely to vote for the Republican candidate.
Notably, the law's effect is far more politically lethal in the House races, where voters are 44 points more likely to vote Republican.
"This is consistent with Charles Franklin's poll analysis in Pollster.com showing that for the first time since 1994, Republicans lead in the generic ballot," they noted.
Their analysis, plus a stream of supporting poll data, shows that independents will be the driving force in this election cycle. Obama and the Democrats have lost their support in droves.
The administration and Democratic House and Senate leaders made an arrogant gamble on health care in defiance of the voters, whom they believed would do what they were told.
Combine this decision with a deeply flawed economic policy that breaks every lesson of prosperity and growth and Obama's failure to act in the Gulf oil disaster, and you have a toxic political brew that is going to end the careers of a lot of incumbents on Nov. 2.