A day after the national press corps proclaimed the death of the Republican party because Christine O'Donnell won the GOP primary for U.S. Senate in Delaware, some really awful numbers came out showing why the geniuses in the Obama White House have got this all wrong.
As a reminder, the Senate race in Delaware is for a seat currently held by a Democrat. In a CNN interview Wednesday afternoon I was asked if O'Donnell's nomination meant the GOP would not control the Senate next year.
I looked directly into the camera and said: If, six months ago, I had told you that after the November elections the GOP would have 49 seats in the U.S. Senate you would have told the cameraman to stop the tape and you would have had me escorted out of the bureau.
This past summer had been billed as "Recovery Summer" by the Obama White House.
Unfortunately for them:
- the unemployment rate has been stuck in the mid-nine-percent range, - the Dow Jones average has been stuck in the mid-10-thousand range, and
- the trade deficit (according to the AP yesterday afternoon) "grew to $123.3 billion in the April-to-June period, a 12.9 percent increase from the first quarter, the Commerce Department said Thursday."
In addition to the terrible trade deficit numbers yesterday, the Obama Administration had to announce that the poverty rate had reached historic levels.
According to Reuters:
"The U.S. Census Bureau said 43.6 million people, or one in seven Americans, lived in poverty last year, up from 39.8 million in 2008." And USA Today's take was:
"The number of people in poverty reached its highest level in 51 years."
Obama has successfully steered the economy in reverse to the point that he has equaled the poverty level not seen since the last years of the Eisenhower Administration.
If that is true, then the poverty level in the U.S. is worse than it was when Lyndon Johnson declared his "war on poverty."
If it weren't for the artificial effects of extending unemployment benefits and a bonus to Social Security recipients, the numbers would be even worse.
Nicely played, Mr. Obama! Well done.
But wait! There's more!
Also yesterday, the Obama Administration was forced to announce the first numbers following the enormous success of his highly touted health care legislation. According to AOL.com:
"The percentage of people with private coverage, 63.9 percent, is the lowest since 1987, the first year the bureau collected health insurance data. The percentage covered by government programs, 30.6 percent, is the highest since record-keeping began.
"The number of children without health insurance remained at 7.5 million, or 10 percent of those under 18."
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