Don't Believe What Obama Tells You About His Economy or That He Has The Terrorists "On The Run" or That The Online System Is Fully Fixed

Posted: Dec 04, 2013 12:01 AM

As President Obama approaches the end of his fifth year in office, he's nearing the time for his annual report card. It isn't a pretty picture.

Americans are giving him failing grades, as polls show his job approval scores plunging to the lowest level in his presidency. Only 41 percent approve of his performance in office, while 52 percent now disapprove of the overall job he's been doing.

There are plenty of reasons for Obama's dismal marks: from his foreign policy blunders, a troubling decline in our national security defenses, to a still high unemployment economy that remains sub-par and sluggish. Throw in the Obamacare debacle that's become a disastrous metaphor for his administration's incompetence.

However, these and other failures aren't being pointed out just by his Republican opponents, but by Democrats, too, who are deeply troubled by what they see on a range of issues.

New York Times economics columnist Paul Krugman, one of Obama's earliest supporters, recently raised the prospect of a painfully weak, job-starved economy lasting a great deal longer than most economists expected.

"What if depression-like conditions are on track to persist, not for another year or two, but for decades?", the Nobel Prize-winning economist wrote late last month in his widely-syndicated newspaper column.

Krugman's answer is that "economic reality is what it is. And what that reality appears to be right now is one in which depression rules will apply for a very long time."

Krugman is not alone in his dire depiction of the Obama economy. Other Democrats were saying the same thing, including Lawrence Summers, the former chairman of Obama's White House Economic Council, and secretary of the Treasury under President Clinton.

In a recent, high profile lecture before the International Monetary Fund's annual research conference, Summers said for the first time that we could be in for a long period of "chronic and systemic economic sluggishness."

In other words, this economy isn't going to get much better, folks. We're going to slog through a painful, jobless period for the rest of Obama's presidency. More on this in a moment.

More recently, the two House and Senate leaders of the national security intelligence committees in Congress -- including Democratic Sen. Dianne Feinstein of California -- said that America now faces a growing terrorist threat.

Obama won re-election by telling voters that al-Qaeda's terrorist ranks were "decimated," we had them "on the run" and that we were much safer as a result. But Feinstein and Republican Rep. Mike Rogers of Michigan, who are briefed regularly in secret by the government's top security officials, are telling us a far different and more alarming story.

"The terrorism threat against the United States is increasing and Americans are not as safe as they were a year or two ago," the two chairman said in a joint interview on CNN's "State of the Union" Sunday, according to The Washington Post.

Feinstein told CNN that now "there are more terrorist groups than ever, with more sophisticated and hard-to-detect bombs," the Post reported. "There is a huge malevolence out there," the senator said.

Does that sound like we're safer to you?

Yet, perhaps no other domestic, social welfare short-coming in this administration has been as shocking as the multiple failures of Obamacare.

The White House is telling us this week that the botched computer system is improved, but Obama also told us we could keep our existing insurance policies, a preposterous claim that turned out to be false.

But as of Tuesday, the system was still producing a lot of error- ridden applications -- up to one-third of them had mistakes -- meaning that many people may not have the coverage that they expect next month.

While the focus has been on fixing the online apparatus, the deeper problems embedded in his health care law are even more ominous.

We're going to see many more layoffs and much more part-time hiring by businesses to stay under the 50-job threshold for mandated health care coverage. And we're already seeing sharply higher premiums, because of the government-mandated benefits (pediatrics, birth control and other services) many older Americans do not need or want.

And wait until the IRS gets its tax penalty program up and running for the uninsured and the punitive bills start to be mailed out. But that's just the tip of Obama's iceberg.

Our government has become a mess of unworkable, wasteful, duplicative, archaic, unaffordable programs and agencies. And critics, including a top Obama ally, say that Obamacare's botched rollout is a prime example of "the absence of good management in the U.S. government."

"Despite more than three years of lead time and $400 million to $600 million in taxpayer money, the government can't seem to deliver something that is bread and butter to the average online retailer," Obama's former chief of staff, William Daley, and Harvard public policy professor Linda Bilmes wrote in Sunday's Post.

"Poor management is undermining public trust in our government," they added. One guess who that is.

Among their fix-it proposals: a major, government-wide consolidation of programs and bureaucracies to shrink the size and cost of government.

But Obama has, over the past five years, been working to expand the size and cost of government, not reduce it. Obamacare is his latest, costly, nationwide experiment.

Meanwhile, none of the president's job descriptions get worse marks than his handling, well, actually, mishandling of the jobless economy.

Gallup reports that 41 percent of the Americans they poll say they're "struggling," and another 4 percent say they're "suffering."

Its surveys further find that 8.3 percent are unemployed and 17.2 percent say they're underemployed but can't find full-time work.

Krugman's column also raised this disturbing question: "But what if the world we've been living in for the past five years is the new normal?"

A number of economists now believe this to be the case, until we put someone else in charge who understands how capitalism can restore American prosperity once again.

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